Key takeaways
Opening a bank account typically requires a government-issued ID, Social Security number or Individual Taxpayer Identification Number (ITIN), proof of address, and contact information.
Some financial institutions ask for a minimum deposit that generally ranges from $25 to $100, though others do not require any opening deposit.
Joint accounts and minor accounts need documentation from all account holders or guardians.
Opening an account online typically takes less than 10 minutes and offers instant access to mobile banking tools.
Opening a bank account is an essential step for managing your finances. Whether you're opening your first account or switching banks, knowing exactly what documents you'll need can help you prepare and avoid any surprises.
What do I need to open a bank account?
To get started with opening a bank account, you'll need your government-issued ID, Social Security number or ITIN, proof of address, and basic contact information. Some banks also require an opening deposit, typically between $25 and $100, though many online accounts don't require any money upfront.
Here's a closer look at what you'll need to gather before you apply:
H3 – Government-issued ID
You'll need a government-issued ID so the bank can verify your identity as part of its Customer Identification Program procedures. Acceptable forms include:
Driver's license: A commonly used ID for opening accounts
Passport: Works for both domestic and international applicants
State-issued ID card: An alternative if you don't have a driver's license
Some banks require two forms of ID, so check requirements before you apply. Make sure your ID isn't expired, as banks won't accept outdated identification.
Social Security number or ITIN
If you have one, you'll need to provide your Social Security number when opening a bank account. For online applications, you can simply type in your number – there's no need for a physical Social Security card.
If you don't have a Social Security number, a bank may accept an ITIN instead.
Proof of address
Banks require proof of address to ensure your statements and alerts reach you. You'll need an official document with your full name and current address. Here's what qualifies:
Utility bills: Recent electric, gas, water, or internet bills
Lease agreement: Your current rental or mortgage agreement
Bank or credit card statements: Recent statements showing your address
Banks typically won't accept handwritten addresses. You'll need official mail with your full name and address printed on it.
Contact information
You'll also need to provide your:
Phone number: For account alerts and verification
Email address: To access online banking and receive digital statements
Opening deposit
Some banks require an opening deposit – money you put in when you first open the account. This typically ranges from $25 to $100, though many online banks don't require any money to start. Check the specific requirements before you apply.
Information for joint account applicants
Opening a joint account? Both account holders need to provide their:
Full legal name
Social Security number
Government-issued ID
Contact information
You may need to decide who will be the primary account holder before you apply, as some banks offer this option.
Requirements for applicants under 18
If you're under 18, you'll need a parent or legal guardian as a co-owner. They'll need to provide the same documentation: full legal name, Social Security number, government-issued ID, and contact information.
Once you turn 18, you can request to become the sole owner of your account.
What happens after I open a new bank account?
After opening your account, you'll receive your account and routing numbers along with instructions for setting up mobile banking. Here's what to do next:
Review your welcome materials: Check for details on accessing online banking, setting up direct deposit, and ordering checks.
Monitor your transactions: Review statements regularly and report any discrepancies immediately.
Set up account tools: Enable budgeting features, savings programs, and spending alerts.
Keep information current: Update your contact details if they change.
Tips for opening a bank account online
Opening an account online gives you instant access to tools that make managing money easier:
Apply online: Complete your application in under 10 minutes.
Download the mobile app: Track income and expenses from anywhere.
Enable transaction alerts: Get notified of suspicious activity immediately.
Set up direct deposit: Receive payments automatically.
Take the next step with an online account
Now that you know what documents you'll need, you can gather everything before you apply. Opening an account online can save time and give you instant access to mobile banking tools.
Whether you choose a traditional bank or an online option, look for accounts that help you avoid common fees and offer features that match your financial goals. If you have a limited banking history, you may also want to explore options for opening an account with bad credit.