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What information or documentation is needed to apply for a new checking account?

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Question ajoutée par Siham Amer , Financial Analyst , Noor Al Hikmah Group
Date de publication: 2019/01/31
yousif shah
par yousif shah , Senior Accountant , TIMES Institute Multan

To ensure the process of opening your new checking account goes smoothly and efficiently, bring the appropriate documents with you to the bank, including photo identification, your Social Security card and proof of current address, such as a utility bill, cable bill, mortgage statement or signed lease agreement. While not all banks require every one of these banking documents, it is better to have them and not need them than the opposite.

 

Almost every bank requires you to present a valid, government-issued photo ID when opening a checking account. This verifies you are who you say you are and allows the bank to match your name to your face. The most common form of government-issued photo ID is a driver's license; if you lack one because you do not drive, you can go to most Department of Motor Vehicles, or DMV, locations and receive an identification-only ID on the spot. To get this ID, you must bring a birth certificate or valid passport and proof of address to the DMV.

Banks also require you to have either a valid Social Security Number(SSN) to open a checking account. If you have a SSN, bring your Social Security card with you to the bank so it can verify the document. Otherwise, bring proof of your ITIN. If you have neither a SSN or ITIN, you can apply for SSN  by filling out and submitting Form W-7 to the Internal Revenue Service.

Ashraf E. Mahmoud (PhD)
par Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

Thanks for invitation,

Agree with the answer of our colleague, Yousef Shah which I do believe covering the issue.

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