What are the requirements to open a bank account?

Asked 2 years ago
To open a bank account at American Savings Bank, several requirements must typically be fulfilled. First and foremost, applicants need to provide valid identification. This can include a government-issued photo ID such as a driver's license or a passport. Additionally, a second form of identification may be required, which could include a Social Security card or a utility bill with your name and address. Moreover, applicants need to demonstrate a minimum initial deposit, which varies depending on the type of account being opened, whether it be a checking, savings, or other financial product. It is also important to be aware of age restrictions; individuals under the age of eighteen may need a parent or guardian to co-sign on the account. Lastly, providing personal information will be necessary, including your Social Security number, contact details, and employment information. For the most current details and specific requirements, prospective customers may want to look on the bank's official website for the most accurate and comprehensive information.
Adam Goldkamp is the editor / author responsible for this content.
Answered Aug 21, 2025

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