Opening new accounts isn’t something you do every day. You might wonder what you need to open a bank account – even if you’ve done it before. Whether it’s your first account or your fiftieth, the goal is to get the task completed as quickly as possible (you’ve probably got more enjoyable things on your to-do list).
Make Sure you’re Opening the Right Account
Switching banks and opening new accounts is not easy, so make sure you’re completely informed about the type of account that meets your needs.
- Savings accounts are best for holding money and earning a little bit of interest, but you can’t really spend money from those accounts (unless you withdraw cash)