What you need to open a bank account:

1. A valid, government issued photo ID.
2. Additional basic information (birth date, social security number, phone number).
3. Money to deposit.
   • Check where you are opening an account. Some accounts have a minimum balance requirement. Generally this is anywhere from $20-$50.

Checking Accounts vs. Savings Accounts

Checking Account:

1. Are useful for paying bills.
2. Writing checks 
3. Having a debit card for purchases.
4. Things to look for in a checking account:
   • No monthly fees
   • Low or no overdraft fees.
   • Easy ATM access

Savings Account:

1. Build an emergency fund
2. Saving money for specific purposes or goals. 
3. What to look for in a savings account:
   • High interest rates
   • No monthly fees