You can have two kinds of Bank Accounts:
- Savings (with interest).
- Checking (with no interest).
Checking account is one which you will be using more. Specially for all check payments, at ATM withdrawal, or as against your checkin or debit card. Saving account is for your savings. Opening a bank account? Go to the nearest Bank. All you need is your social security number, your photo-Id, either a passport or driving license, and need to fill up an application form. What you will get?
- You will get separate account numbers for your checking and saving accounts, if you are opening both the accounts with the same bank.
- A check (or ATM) card is to be used at ATM centers for withdrawing cash. Usually, there is a limit for the cash you can withdraw in a day, from any ATM machine. These details can be obtained from your bank. Check card can be used at many ATM centers, through out USA.
- For initial use few blank check books will be provided to you. Then further you have to order. Some banks may provide extra check books free of cost, or may charge you for it. You can also get it printed from some private printing agency, with your choice of colors and design to be printed on the checks. Generally charges are $5-$15 for 250 checks. you can search for such agencies and their rates on the internet.
 Tips
- Look for the nearest Bank to your place.
- Ask for their ATM locations, and terms of use for any transactions.
- Few Banks have the internet access facility, which is really very useful. Ask for this facility and consider this fact while choosing a bank for your account.
- If you don't receive your bank statements, ask for it and check them carefully, as it has happened many times, that people have found some kind of discrepancies in the records.
|
