5 simple steps to establish a US bank account
When you open a bank account online or in-person, you will need to provide the bank, credit union, or financial institution with specific documentation which meets their eligibility requirements.
Certain types of accounts, such as saving accounts, joint accounts, or certificates of deposits (CD) have a minimum age or other additional specifications.
What do I need to open a US bank account?
- Two forms of government-issued photo identification, such as a valid driver’s license, passport or student ID
- A social security number or individual taxpayer identification number
- A utility bill with current address information
- Contact information such as name, address, and phone number
- Student checking accounts may require proof of enrollment in an eligible school, such as a student ID or an acceptance letter.
- If the bank has a minimum deposit requirement, you may need to provide this when applying.
How to open a bank account
You can open a bank account by following these simple steps:
- Select a bank after making sure to consider the features, benefits, ATM access, and account types, as well as any applicable monthly fees.
- Confirm the bank or credit union’s eligibility and age requirements for opening a savings or checking account.
- Visit a local branch or access their online site to learn more about the terms and conditions.
- Choose the preferred accounts for you, such as checking, savings, or both.
- Read all the information provided thoroughly. Once approved, request a debit card.
Start sending money with Paysend within minutes, with most of our transfers completing in close to real-time! You may also read about how to easily make your first transfer with Paysend
Download the Paysend app* from the App Store or Google Play, or visit our homepage now to begin transferring money internationally!
*Standard data rates from your wireless service provider may apply.
Latest Posts
Every year, as winter fades and the first signs of spring emerge, millions of people across the world come together to celebrate Nowruz, the Persian New Year. Rooted in over 3,000 years of tradition, Nowruz marks the spring equinox and symbolises new beginnings, hope and unity. From Turkey to Iran, Central Asia to South Asia, this ancient festival is filled with fire-jumping rituals, family gatherings, festive meals and outdoor celebrations.
But while the spirit of Nowruz remains the same, each country has its own way of making the occasion special.
Holi, the festival of colours, is one of the most vibrant and joyous celebrations in India and across the world. Rooted in tradition, mythology and togetherness, Holi marks the arrival of spring, the triumph of good over evil and the renewal of relationships through music, dance and colourful powders. But beyond the fun and revelry, Holi carries deep cultural and spiritual significance.