In this video, you will learn about how to open a checking account. When you are first considering opening a checking account, it is important to pick the right bank for you. It is also important to be informed before signing up for anything.
You can either open up your checking account at a traditional bank, or you can open it up online. There are essentially no differences between the two sign-up methods. The first thing you are going to need when opening a checking account is a government-issued ID and your social security card. You will also need proof of address. This can be from a piece of mail or other documents. After you have provided these documents, it is important to ask the right questions about your account. The first question to ask is what is the minimum balance requirement? The next question to ask is how much money do you need in your account at all times? Large banks usually require more money in your account at all times. If you do not have this minimum balance in your account, you may have to pay an overdraft fee. Keep watching this video for more information.