What Do You Need to Open a Bank Account?

Are you ready to open a new bank account? Whether you need a checking account, a savings account, or both, the process is quick and easy - especially if you know what to expect. Simply gather the necessary documents, prepare your first deposit, and head to a local branch of your preferred credit union or bank. But, you might be wondering, what do you need to open a bank account?

How to Get Started

First, before you visit the credit union, search online to explore the various accounts they offer. Although you don't have to decide on an account beforehand, it is a good idea to research your options' fees, rates, requirements, and perks. When you arrive at the credit union, explain that you would like to open a new account. The employee assisting you can provide guidance as you review your options. Before you commit to an account, feel free to ask any questions you might have.

Then, when you're ready to get started, the employee will walk you through each step and present you with documents to read, review, and sign. During the application process, you must present the following items:

What Do You Need to Open a Bank Account?

• Personal Information: First, you will be asked to provide some personal information. This will likely include your name, address, phone number, e-mail, date of birth, and Social Security number. You may also need to bring your Social Security card and proof of your current address.
• Identification: You must prove your identify using a valid and government-issued ID, such as a driver's license or passport. If you don't have an ID card, visit your local Department of Motor Vehicles to request a non-driver photo ID card.
• Your Initial Deposit: To create an account, you will need to provide an initial deposit. You can bring cash or a check, transfer funds from an existing account, or submit a money order. If your account requires a minimum balance, be sure that you bring at least that amount.

If you are creating a joint account, both applicants must be present to provide their personal information and identification. Finally, most financial institutions do not allow minors (under age 18) to create an account on their own. They must have a parent or legal guardian present to sign as co-owner of the account.

In Conclusion

So what do you need to open a bank account? Unless you're a minor or creating a joint account, you will only need your personal information, a valid form of identification, and an initial deposit. Of course every financial institution is different, so consider calling your chosen credit union or bank beforehand to confirm the items you will need to bring with you.

Finally, if you would like to sign up for a new checking or savings account, check out BluCurrent Credit Union if you live or work in southwest Missouri. We offer an excellent savings account as well as a variety of checking accounts - ePerks, Prosper, Protect, and Basic - to suit your financial lifestyle. To learn more about our services and benefits, please stop by one of our branches or explore our website.