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Is there a minimum deposit to open the account or minimum balance to maintain it?
Asked by unknown
1 Answers
Yes, itï¾s true, you may need to save up some money to open the account. The amount required, if any, will differ from bank to bank. After you open your account, you may also be required to maintain a minimum account balance. Going below your minimum balance can result in fees, so be sure to find out what those would be. Itï¾s a good habit
What do you need to open a new bank account?
Asked by unknown
1 Answers
You May Require a birth certificate or valid passport and proof of address to the DMV. Banks also require you to have either a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) to open a checking account.
Are there limits or fees associated with accessing your money?
Asked by unknown
1 Answers
Most banks impose a daily withdrawal and/or separate atm withdrawal limit in order to protect your account. In addition, withdrawals made from an atm not affiliated with your bank may incur fees, so be sure you know what those fees are. You can often avoid them by planning ahead and researching where to find atms associated with your bank. Most ban