If you are in one of the 5.9 million U.S. households without a
bank account, and you are looking to open an account, there are
resources available to help you get started. Banking relationships
generally begin with a checking or savings account and may lead to
low-interest loans and mortgages.
Banks offer many types of accounts and programs, so there is likely one that can meet your specific needs.
This checklist can help you choose the
best type of account for your individual needs.
Many FDIC-insured banks offer accounts with low (or no) monthly
maintenance fees when you have direct deposit or maintain a
minimum balance. They may also offer free access to in-network automated teller machines (ATMs). And, your
deposits are insured up to $250,000. Learn more about the top reasons to open a bank account.
There are several general steps to opening a bank account. The actual process varies by financial institution. Learn more about how to open a bank account at an FDIC-insured bank.