Quick Answer: How Much Is It To Open A Checking Account?

How Much Does It Cost to Open a Checking Account?

Banks typically don’t charge fees to open a checking account.

However if the bank requires a minimum deposit, you’ll need that money when you open.

The required deposit can be at little as $25 or as high as a few hundred dollars for more premium accounts.

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How much does it cost to set up a checking account?

Average Checking Account Fees at Major Banks

According to a recent MyBankTracker study, the average checking account fee at top U.S. banks is $9.60. Amounts average between $0 to $20, with many finding a middle ground at either $7, $10 or $12.

Can you open a checking account online?

Five minutes is all it takes to open a checking account online at usbank.com, and you can use a credit card or debit card to make your opening deposit.

Can I open a checking account without a deposit?

Virtually all banks require a deposit to open a checking account. However, there are a few banks and credit unions that allow customers to open an account online and then deposit money later.

What do you need to open a bank account?

Some banks may require two forms of identification. These forms can be a state ID, Social Security card, passport or birth certificate. You will need to provide personal information like your date of birth, physical address and phone number.