How To Open A U.S. Bank Savings Account

Opening a U.S. Bank savings account is a good way to begin moving money into a rainy day fund. Because U.S. Bank has branches tin 28 states and offers internet banking, you may be able to bank from virtually anywhere with the right internet connection. Here are the simple steps to setting up your savings account with U.S. Bank.

1. Gather your Social Security number, and either a driver’s license, state ID, or military ID. 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. Check with a bank representative if you’re under 18 years old or not a U.S. resident on specific details to open accounts.
2. Either find a branch or use the internet to locate U.S. Bank’s website. You may open a savings account online, or if you prefer, may meet with a U.S. Bank representative at a branch location. If you prefer to work with someone, but are unsure if there are locations near you, the U.S. Bank website features a branch locator.
3. If online, you must meet minimum browser requirements and security standards. These are listed on the website. If your computer doesn’t meet these standards, find a branch.
4. Complete forms online or in person. Decide which savings account best meets your needs. Money market savings generally pay higher rates but demand higher balances and sometimes have frequent access penalties. Like many banks, U.S. Bank also offers special savings accounts designed specifically for monthly savings plans. Review the types before continuing.
5. Fund the account. If opening the account online, fund the account from a current bank account or by sending a check. In person, you may use cash or check.