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- Some banks check your criminal record and citizenship before allowing you to open an account.
- You'll need a government-issued ID and proof of address to open a bank account.
- You may need extra documentation if you're under 18 or opening a student account.
To open any type of bank account, you'll need to provide basic information about yourself and in some cases an initial deposit. You also may need a few extra documents if you're opening a teen checking account or student bank account.
Who can open a bank account?
You generally must be 18 to open a bank account in the U.S., although you can open one if a parent or guardian co-owns the account.
Some institutions will turn you away if you have a criminal record or aren't a U.S. citizen, and others may reject you if you have a history of overdrafts or other negative activity with your previous bank.
Not all banks have the same eligibility requirements. If you find out you can't open an account with one bank, don't give up — keep looking.
If you do not have a Social Security number or U.S. ID to open a bank account, there are banks that permit immigrants and non-U.S. citizens to open an account. You may find an option near where you live.
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Second chance banking does not use ChexSystems to review your banking history. Hence, you open a second chance bank account regardless of what your banking history looks like.
Basic requirements for opening a bank account
Having the following documents ready can help you prepare for bank account opening.
A government-issued ID
You'll need a driver's license, passport, or military ID to open an account.
If you don't have any of these documents and aren't ready to take a driving test, visit the Department of Motor Vehicles (DMV) to get a state-issued ID. It's similar to a driver's license card, except it doesn't authorize you to drive — it's just a tool for identifying yourself.
Social Security number (SSN) or Individual Tax Identification Number (ITIN)
If you're a U.S. citizen, bring your Social Security card to the bank or have it handy if you're applying online. If you're a non-U.S. citizen, bring proof of your ITIN.
If you don't have either, you can either order a replacement SSN card or apply for an ITIN online.
Proof of address
Bring a recent piece of mail with you that contains your home address, such as a utility bill or a bank statement from your current financial institution.
Opening deposit
Not all banks require an initial deposit to open an account, but some may ask for a deposit ranging from $5 to $100.
Be ready with cash or a check to make the deposit. You can also transfer money from another bank to your new account, but the other bank may charge a common bank fee for this activity.
Additional requirements if you're under 18, a student, or opening a joint account
A parent or guardian if you're under age 18
You must be at least 18 years old to open a bank account on your own. You can open a bank account for a minor, but you must bring a parent or guardian with the necessary documentation to open the account with you.
Proof of enrollment if you're a student
Student bank accounts often come with extra perks, such as cash bonuses or waived monthly fees. You should bring proof of enrollment, like a school transcript, and your student ID.
Information for both people if you're opening a joint account
If you're opening a joint bank account, you'll need all the necessary documentation for both people.
Opening an account online vs. in-person
Opening an account online is pretty similar to doing it in person — you just don't have to make the trip.
You'll still need all the same documentation to apply for a new bank account. An online application will likely have a way for you to scan or submit pictures of necessary documents. You can't make your opening deposit in cash, however, so the easiest way is to transfer money from another bank account.
If you are missing any of the documents needed to apply online, want to deposit cash or a check into the account, or you have banking questions, an in-person visit may be better.
Bank account opening FAQs
Can I open a bank account without a Social Security number?
Yes, you can use an Individual Taxpayer Identification Number (ITIN). Some banks may permit other forms of identification, like a Matricula Consular.
What forms of identification are acceptable for opening a bank account?
Common documentation for a bank account opening includes a driver's license, passport, military ID, or state-issued identification card.
Is a minimum deposit always required to open a bank account?
The minimum opening deposit required to open an account may vary from $0 to $100.
Can I open a bank account online if I'm not a U.S. resident?
Certain banks allow non-residents to open accounts online but may require additional documentation.
What should I consider when choosing between opening an account online or in-person?
Filling out an online application can save you a trip to a physical bank branch. However, if you are missing any of the necessary documents to apply online or you have banking questions, an in-person visit may be worth it.
Banking Editor
Sophia Acevedo is a banking editor at Business Insider. She is a banking expert, and has about three years of experience reviewing banking products and analyzing savings and CD trends.Sophia oversees Personal Finance Insider's banking vertical. She edits and writes bank reviews, banking guides, and banking, budgeting, and savings articles for the Personal Finance Insider team.Sophia joined Business Insider in July 2021. Sophia is an alumna of California State University Fullerton, where she studied journalism and minored in political science. She is based in Southern California.You can reach out to her on Twitter at @sophieacvdo or email sacevedo@businessinsider.com.Read more about how Personal Finance Insider chooses, rates, and covers financial products and services »Below are links to some of her most popular stories:
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