Leah Kelvin
Active member
Starting a savings account is a relatively simple process. These are some of the main ways to open a savings account:
1. Research and Choose a Bank: To commence, search for various banks or credit unions that offer these accounts. Consider such things as amount you earn from it, costs, functionality and customer feedback amongst others. Select one that suits your desires.
2. Gather Required Documents: You will normally be required to present certain documents in order to open an account with a bank. For example, you may need identification such as driver’s license, passport or social security card, proof of address indicated on utility bills or bank statement and social security number or tax payer identification number (TIN).
3. Visit the Bank or Open an Account Online: Some banks require you to visit their physical branches while others allow online account opening with them; it depends on the institution involved. If you go for visiting the branch, make sure that you take along all necessary documents required by them; otherwise if you choose to use their website for opening then just visit it as per instructions given.
1. Research and Choose a Bank: To commence, search for various banks or credit unions that offer these accounts. Consider such things as amount you earn from it, costs, functionality and customer feedback amongst others. Select one that suits your desires.
2. Gather Required Documents: You will normally be required to present certain documents in order to open an account with a bank. For example, you may need identification such as driver’s license, passport or social security card, proof of address indicated on utility bills or bank statement and social security number or tax payer identification number (TIN).
3. Visit the Bank or Open an Account Online: Some banks require you to visit their physical branches while others allow online account opening with them; it depends on the institution involved. If you go for visiting the branch, make sure that you take along all necessary documents required by them; otherwise if you choose to use their website for opening then just visit it as per instructions given.
