How to Open a Bank Account

Having a bank account is necessary for people who want to manage their finances

. If you have a bank account, it will be easier to save money to pay for debts and other expenses.

The first thing you have to do if you want to open a bank account is choose a bank. If you have a family member or a close friend who has a bank account it is preferable to get an account on the same bank.

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Also consider the type of account you want to open. Most banks offer savings account and checking account. It's important to know the differences between different types of bank account.

Once you have selected the bank and type of account you want to open, consider the services you want. Do you want an ATM card, and do you want to transact by phone or by internet?

Go to the bank that you have chosen, and tell the bank employee about the type of account you want and the services you have decided on. Some banks have made electronic banking and phone banking readily available to their customers, but in some banks you still have to register and submit an application form.

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Fill the application form with the correct information, provide one or two picture IDs, and submit this to the bank employee. The employee would give you some papers to sign, usually about terms and conditions, and an account number. If you chose to have an ATM card, you might have to wait for a few days to get your card. You will also be given a checkbook if you chose to open a checking account.

How to Open a Bank Account

By: Brandon H Johnston

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