Q:

What do you need to open a new bank account?

A:

Quick Answer

To open a new bank account, you need to provide the bank with your Social Security number, driver's license and the minimum deposit amount. The minimum deposit amount varies from bank to bank.

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What do you need to open a new bank account?
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Full Answer

When opening a new bank account, it's important to think about your financial needs. A savings account is good for people who are looking for a way to save money, and some banks add to your savings account depending on how much you are depositing. A checking account is good for people who need quick access to their money or people who want to pay bills online.

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