Opening an account in a bank or credit union.
You may first want to ask a friend or family member for recommendations about a bank/credit union. Learn more about:
- The fees being charged
- The services provided such as online account management and a mobile app
- The interest rates on savings accounts
To open a checking or savings account, you will usually need to deposit $25 to $100.
You will also need to share identification information with the bank or credit union so they can verify your name and address. This identification could be a government issued identification such as a drivers license a Social Security card with a picture ID such as a passport, a Individual Taxpayer ID Number (ITIN), or any other government-issued ID.