How To Open An Account At A Florida Bank

Learning how to open an account at a Florida bank is a fairly straightforward process, provided you gather a few pieces of information first. Banks in Florida are strict about verification of personal details, such as your address and citizenship. Although you don’t have to be a U.S. citizen to open accounts in Florida, you will need information to prove you’re a legal U.S. resident. Here are the simple steps to setting up your account with a Florida Bank.

1. Collect your Social Security number, and either a driver’s license, state ID, or military ID. You’ll also need your address and former address if you haven’t lived in the same location for at least two years. You’ll need the social security number and one of the others to open the account. Also, you must be 18 years old and a legal U.S. resident to open accounts online. Discuss specific detail on opening an account with a bank representative if you’re under 18 years old or not a U.S. resident.
2. Decide which bank you prefer to do business with. If you’re looking for a smaller, community bank, using web search engines may help you narrow the list. Many national and multi-national banks also do business in Florida, and many have web presence. Because it's not required of state banks, you may wish to verify that the bank you've chosen is a part of the Federal Reserve System. This system provides liquidity during difficult times, among other functions.
3. Either find a branch or use the internet to locate your bank’s website. Many banks allow you to open an account online. You may also meet with a representative at a branch location. If you prefer to apply in person, but are unsure if there locations near you, search your bank’s website for a branch locator.
4. If online, government standards require you to meet minimum browser specifications and security settings. These should be listed on the bank website. If your computer doesn’t meet these standards, find a branch and apply in person.
5. Complete the forms, either online or in person. Decide which account best meets your needs. Checking accounts allow for many transactions, money market savings generally pay higher rates but demand higher balances and sometimes have frequent access penalties. Some savings accounts are designed specifically to help you systematically save money. Review account features and types before continuing.
6. If opening the account online, fund the account from a current bank account or by sending a check. If applying at a branch, you may use cash or check, and with some banks, a credit card.