Will my new bank account impact my credit score?
Actually, it won’t. Credit scores measure your reliability when it comes to paying back money loaned to you within a certain time frame. Checking and savings accounts are for depositing and [...]
What other fees might I have to pay?
Banking fine print can be tricky, and if you’re not careful, hidden fees can surface seemingly out of nowhere. There are plenty to watch out for when choosing your first bank account, but here [...]
Do I need to keep a minimum amount of money in my account?
Some accounts have minimum balance requirements — that is, a minimum amount of money that banks require you to keep in your account from month to month. If you don't manage to do so, you may have [...]
What type of account should I open?
For your first account, you should keep things simple. A free checking account is a good place to start, allowing you to pay with the swipe of a card at most retailers, withdraw cash, and manage [...]
How much does it cost to open an account?
While many banks require an initial deposit that can range from hundreds to thousands of dollars, checking accounts without deposit requirements exist. Their availability can vary from bank to [...]
What documents do I need to open an account?
You will find that the answer to this question varies. Before opening an account, make sure to check online for the documents each account requires. Generally, they may ask for any of the [...]