How do American immigrants open bank accounts?

How do American immigrants open bank accounts for your reference.

How do American immigrants open bank accounts? In the United States, there are usually two forms of bank accounts: one is a deposit account (with interest); The other is a checking account (interest-free). Generally speaking, most people open a checking account first. To open a bank account, you need a social security number first. However, it takes about a week to apply for the social security number, so you can ask the bank to open an account after checking your passport, and then notify the bank for filing after you get the social security number. Below, I have compiled some information about how American immigrants open bank accounts to help immigrant applicants quickly understand the United States.

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Pay attention to two points when opening an account:

1. Account with minimum balance limit (open an account without minimum balance limit, otherwise you should always remember to leave some balance in the account. )

2. Allow account overdraft (in some cases, it is convenient to allow a certain amount of overdraft. For example, when your rent or telephone bill must be paid, but your salary has not been recorded, the bank allows a small overdraft. )

The whole account opening process takes about 10- 15 minutes.

Procedures after opening a bank account:

After the bank opens an account, the next step is to apply for an ATM card, so that you can withdraw money 24 hours a day. Of course, you must withdraw money from the ATM of your bank or chain bank. Some banks need to pay ATM cards and checkbooks. Generally, an ATM card costs 10, and ten 20-piece checkbooks cost 10. But most banks don't charge.

There are many kinds of checks to choose from, such as colored paper checks or checks with shaded patterns. Generally speaking, it takes six months to buy 200 checks at a time (20 checks each). Of course, it also depends on the number and frequency of your use. You can get a check when you open an account, and other checks will be mailed to you according to your address.

Checks need to be filled in the prescribed format. For example, $35.47 should be written as: the third five &; 47/ 100 USD. Some shops or gas stations need to check the payer's valid documents when accepting cheque payment. A valid certificate refers to a driver's license in the United States or an identity certificate issued by the motor vehicle management office.

In the United States, any amount of fees can be paid by check, even if it is only $65,438 +0.25, which is not surprising. So most people are used to using credit cards or checks when spending. People have little or no cash. Of course, it is also necessary to always carry around $20 in cash in case of emergency. Remember: always bring your checkbook or credit card.