How to open an American bank account

Opening a bank account in the United States requires legal status in the United States, such as American students, American immigrants or American citizens. The documents required to open an account in a US bank include:

1. Two identification documents: usually you need to bring your passport and documents that can prove your legal status in the United States (for example, international students can bring their passports and I-20 forms, and new immigrants can bring their passports and American driver's licenses or green cards);

2. Address certification documents: documents that can prove the permanent address, which can be bills such as utilities, house deed, long-term lease, etc. The applicant's name must appear on these documents. If it is a bill, it is recommended not to be earlier than 90 days before the account opening date;

3. At least 100 USD in cash;

If you have a social security card, please take it to the bank.

There are two most common bank accounts in the United States: checking accounts and savings accounts.

1. checking account: similar to domestic demand deposit account, it is the most common and convenient account type. In addition to receiving personal checks, checking accounts usually include debit cards and online banking. American checking accounts usually have no interest and usually charge customers a certain management fee every month.

2. Savings account: Compared with checking account, it can generate interest. However, the disadvantages of savings accounts are also obvious. Funds deposited in savings accounts cannot be withdrawn by cheque or debit card, and usually cannot be remitted to a third party.