To open a personal bank account, talk with an associate in person at a bank or credit union, or apply to open an account online. According to Bank of America, applicants should have their social security number, current address, email address and co-applicant's personal information.
CNN Money reports that consumers often pay for the privilege of having a bank account. For example, banks may have charges for writing checks, or they may require applicants to keep a minimum amount of money in their accounts to avoid fees. Because of this, consumers should compare fees and perks carefully before choosing an account.
According to Forbes, 38 percent of checking accounts are free, and 96 percent of accounts are free if the account holder maintains a minimum balance or has direct deposit. To ensure you are opening the best personal account for your needs, Forbes recommends looking for one with no monthly fees, no minimum balance requirements and no limit on the number of transactions made.
When choosing a bank for a personal checking account, Bankrate reminds consumers to think about the size of the bank's ATM network and to examine other benefits, such as whether the account includes overdraft protection, mobile services or programs designed to encourage saving.