How to Open a Checking Account with Bank of America/ Requirements to Open a Bank of America Checking Account
We all know how important it is to have a checking account. The benefits of having a checking account can’t be overemphasized. With a Checking account, you will be able to pay bills at ease and make swift transactions. This article will walk you through the process on How to Open a Checking Account with Bank of America.
How to Open a Checking Account with Bank of America/ Checklist Documents
There are two ways to open an account with the Bank of America, you can apply through the Online Banking System or in person. However, if you are going to apply in through any of these ways, here are some of the essential information that should be available at the moment;
- Social security number
- Email address
- Information for any joint account holder
- Current mailing address
- Account number for existing checking account
To open a checking account in your local branch, you should be ready to present two forms of ID. Primary and secondary forms of ID’s. Below is the acceptable primary forms of ID:
- U.S passport
- Bank of America-branded debit or credit card with photo
- Driver’s license
- Military ID with photo
- State-issued ID with photo
The acceptable secondary type of IDs include:
- U.S. college or university ID
- U.S. student ID card from a local high school
- U.S. issued employment or work ID card or badge
- Major credit card from another financial institution
- Major retail credit card from a national department store or retail company
- Debit card with Visa or MasterCard logo from another financial institution
How to Open a Checking Account with Bank of America / Types of Bank of America Account
Now that all the documents and requirements to open a Bank of America Account has been check-listed, it is very important that Bank
of America offers two choices of Bank accounts from which you should choose the one that is most appropriate for you.
Bank of America Core Checking: This is the type of Bank America Personal checking account meant for students and individuals who wouldn’t be needing a high minimum balance. With this you can set up direct deposit account.
Bank of America Interest Checking: This Bank of America account is designed for people who maintain a high balance in their checking account. You will be able to earn interest and receive perks like no service fees and the option to open three other checking or saving accounts which will not attract a monthly maintenance fees.
How to Open a Checking Account with Bank of America/ Bank of America Checking Account Fees
Bank of America’s checking account fees isn’t static, however, core checking cost $12 a month. It may also differ if you have a $250 direct deposit or if you keep a minimum of daily balance of $1,500. It is good to know that this fee could be waved for students under the age of 23 enrolled in an educational institution.
Unless you maintain a $10,000 combined balance in your checking, investment, CD and IRA accounts, interest checking costs is $25 a month.
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