Start your financial journey
Ready to take a big step toward your financial goals? A bank account can be your best ally. It keeps your money safe, gives you quick access to your funds, saves you money on fees, and brings financial peace of mind.
Why bank?
Keep your money safe
FDIC deposit insurance protects your money in deposit accounts at FDIC-insured banks in the event of a bank failure.
Pay bills easily
Pay bills fast from a smartphone, tablet, or computer. Track your spending easily, too.
Save on fees
Having a deposit account with a bank can offer you savings from check-cashing fees. Depositing checks is free in a bank. Paying bills can be cheaper without money orders.
Build your financial reputation
Establishing a relationship with a bank through a deposit account can be a first step that can lead to other financial products and help you achieve your financial goals.
Get more services
Banks offer savings account to grow your money, loans for big purchases, and financial advice.
Plan for the future
Banks have special accounts to save for your kids' education or your business' growth.
Save time and bank anywhere
With mobile banking and alerts, it's easy to manage your money anytime, anywhere.
Protect your money from error or fraud
Federal laws can protect you in the event of a debit card error or unauthorized electronic transaction under certain circumstances, if this happens to you, notify your bank right away.
Choose an account
FDIC Insured
The FDIC provides deposit insurance to protect your money in the event of a bank failure. Your deposits are automatically insured to at least $250,000 at each FDIC-insured bank.
Monthly fees
Does the account have a monthly fee? Can you avoid it by keeping a certain balance or making regular deposits?
Overdraft fees
Will you be charged a fee if you spend more than what's in your account? Some accounts don't let you overspend, so no overdraft fees.
ATM fees
Are there fees for using the bank's ATMs? What about using other banks' ATMs?
Alerts and notifications
Does the account offer email or text alerts to help you manage your money?
Online bill pay
Can you pay bills online on the bank's website for free using your phone or computer?
Location convenience
Is having a bank branch nearby important to you?
Teller transaction fees
Are there fees for doing transactions with a bank teller or talking to customer service?
Open an account
Prepare for your application
You must be at least 18 in most places. If you're under 18, a parent, a guardian, or other trusted adult may be able to help you open an account.
Gather your IDs
Bring your Social Security number or Individual Taxpayer Identification Number (ITIN). Use your driver's license, state or military ID, or passport to verify your identity. Some banks also accept other forms of ID.
Complete an application
Apply in-person, online, or through a mobile app.
Make your first deposit
The amount may vary, but you may be able to open a bank account with as little as $25. You can use a debit card, prepaid card, electronic transfer, or visit a branch to make your first deposit.
Sign required documents
Sign a signature card and other documents, either electronically or in person.
Set up account tools
Activate online or mobile banking and any debit or ATM cards. Ask for help if you are not sure how to use these tools.
Join the movement
Drive positive change in your community through the FDIC's #GetBanked campaign. Your support as a government agency, community group, or consumer-focused organization is crucial.
