Checking Account Tutorial - How to Open a Checking Account

Checking Account Tutorials

How to Open a Checking Account

Remember that one of the things that banks allows consumers to do is to open up a checking accounts.

Basic Steps to Opening a Banking Account

1) Decide on which banking institution you want to use for your checking account. There are many to

choose from and you should do your research before entering a relationship with any bank.

Read this banking information before you choose a bank

2) Once a bank is chosen, decide on the amount of

money you want deposited into your account. Some

banks require a minimum deposit to open a bank

account. So make sure you know that information.

3) Visit the bank

4) Tell one of the employees at the bank you want to

open up a checking accout

5) Give them the information they need such as:

A picture ID usually your driver’s license

Address

Phone Number(s)

Social Security Number

6) The bank will do a credit check on you to determine if they will allow you to open a checking account.

7) If you are approved the bank employee will take your deposit. Some banks if not all require you to make a minimum deposit amount. You should already know this amount before you open the bank account.

8) Ask Employee to explain the services to you again

9) Ask about bank fees, penalties, overdraft protection and what’s the monthly charge for having overdraft protection.

10) Employee will give you:

Your account information

Your account number

Initial Check Book with deposit slips

Deposit Receipt

Initial Bank Card

11) At that time you will also be able to order

Checks

Debit Card

ATM Card

12) You can start making regular deposit

13) If your bank offers it you can then setup online banking. Meaning you can do a lot of your banking business online.

14) You can withdraw your money when you need to

15) You can start writing checks, using ATM, and using your debit/bank card.

16) Balance Your Bank Account If you want to keep more of your money in the bank and not give it away to the banks, don’t forget to balance your check book. Meaning you should write down all of your deposits and each time you use your debit card, atm card, write a check, or withdraw money from your bank you should subtract that amount from your deposits (from your balance).

Click Here to go to Step 3 >> Avoid Banking Fees