How To Open A U.S. Bank Account
How to open a U.S. Bank account is as easy as baking a pie, no, as easy as eating a pie. All you need is money, a US Bank branch near where you work or home and the time to fill out the paper work. If you live in a big city we suggest you call ahead and make an appointment because the walk-in wait time might be ridiculously long.
- Step 1: You absolutely must have a government issued ID card of some kind such as a driver’s license, a state issued card, passport or military ID card. Secondly you must have a social security card number. US Bank does not require that you have the social security card itself but they do have a way of verifying your social security number.
- Step 2: Open a checking or savings account you ask? Checking account works well to keep a track record of where you’re spending all that hard earned cash of yours but savings is a brilliant way to put money aside for a rainy day. US Bank minimum to open a checking account is $50 and $25 for a savings account. Printed checks are free if you are over the age of 55 otherwise you will see a charge of $25 for a box of blank checks on your bank statement. One nice advantage of having a US Bank checking or savings account is that you are not required to keep a minimum balance on either. Most banks will load you up on fees if you get below a certain cash amount. To stop payment on a check it will cost you $25. Yikes! Keep that in mind when you sign off on a check.
- Step 3: You're issued an ATM card and there are no charges if you use a US Bank branch ATM machine. If however you are in a bind and need to use another bank's ATM machine, you get two freebies before US Bank adds fees to your account.
- Step 4: Online banking makes it easy to pay your bills on time and keep an accurate track of an accounting of where you're funneling your money. It's free and easy to use on their website.
Now you know what is required to open a basic bank account at US Bank. Once you've written your first check then all we can say is welcome to the 21st century, and uh, try not to bounce a check. Keep an accurate accounting on your balance book at all times.