b) Understanding the Checking Account Application Process

  • Use Handout Checking Account Application Form and Handout Acceptable Forms of ID to review the type of application you will probably see when opening a checking account.
    • Move through the application, and study the various areas on the form.
    • In reviewing the application, is important accuracy and clarity in all information.
    • Remember that you must provide a physical address when your mailing address is a post office box or similar postal receipt area.
    • A major topic to consider is proper identification. Although acceptable identification may vary slightly among financial institutions, it always includes as least two types of current government-issued identification.
    • Such regular identification might include a driver’s license, military ID, passport, green card, etc. In some states, a Mexican consulate card is an acceptable form of identification to open a bank account.
    • Be prepared. Call ahead to find out exactly what you will need to open an account and what hours the bank is open.
  • Use Handout Signature Authorization Card to review and the fields on the card. The purpose of the signature authorization card is to it to help the bank to safeguard customers’ money. The following are important factors while opening a checking account:
    • Signature authorization card
    • The contract and what it means
    • Initial deposit
  • Consider opening a checking account if you do not have one.
  • Visit your their local bank, talk with a customer service representative, and get more information about checking accounts.
  • Remember that bank staff is always willing to answer questions from local residents and potential customers.