moonchild
VIP Contributor
If you're a student, then a long the way you might be interested in opening a bank account, either to save your money, or as a requirement in your college for a scholarship, there are some requirements you need to meet in order to open a student savings account.
Age: this is one of the foremost requirements for opening a bank account, you need to be at least 18 years old to open a savings account in your own name. If you are younger than 18, you may need to have a parent or guardian co-sign on the account, there'll be some limitations on the amount you'll be able to save.
Student status: To qualify for a student savings account, you typically need to be enrolled in a qualifying educational institution. this can be any type of school from high school, college, or vocational school, you are all good to go.
Identification: you will have to provide a means identification when opening a savings account, such as a driver's license, passport, or state ID. so that you'll be easily tracked, lol, I'm just kidding, If you are under 18, you may need to provide a birth certificate or other proof of age.
A minimum deposit: a lot of banks have zero deposit but some banks may require you to make a minimum deposit when opening a savings account. This amount can vary depending on the bank and the type of account you are opening, but it isn't much at all.
Maintainace Fees: you should make sure to check if there are any hidden fees associated with the savings account you are considering. Some accounts may charge a monthly maintenance fee or require a minimum balance to avoid fees.
After fulfilling these requirement you'll have a savings account and you'll be given a debit card with an account number to manage your account.
Age: this is one of the foremost requirements for opening a bank account, you need to be at least 18 years old to open a savings account in your own name. If you are younger than 18, you may need to have a parent or guardian co-sign on the account, there'll be some limitations on the amount you'll be able to save.
Student status: To qualify for a student savings account, you typically need to be enrolled in a qualifying educational institution. this can be any type of school from high school, college, or vocational school, you are all good to go.
Identification: you will have to provide a means identification when opening a savings account, such as a driver's license, passport, or state ID. so that you'll be easily tracked, lol, I'm just kidding, If you are under 18, you may need to provide a birth certificate or other proof of age.
A minimum deposit: a lot of banks have zero deposit but some banks may require you to make a minimum deposit when opening a savings account. This amount can vary depending on the bank and the type of account you are opening, but it isn't much at all.
Maintainace Fees: you should make sure to check if there are any hidden fees associated with the savings account you are considering. Some accounts may charge a monthly maintenance fee or require a minimum balance to avoid fees.
After fulfilling these requirement you'll have a savings account and you'll be given a debit card with an account number to manage your account.
