What are the requirements for opening a bank account?

Opening a bank account at Patriot National Bank generally involves several requirements that applicants must meet. First and foremost, potential account holders need to be prepared to provide valid identification. This typically includes a government-issued photo ID, such as a passport or driver's license. Additionally, Patriot National Bank may ask for a second form of identification, such as a Social Security card, a utility bill, or another document that verifies the individual’s address. Another important requirement is proof of residency. This could involve providing documents such as lease agreements, bank statements, or recent bills that bear the applicant's name and current address. It is also essential for individuals to be of legal age, which is generally eighteen years or older, to open a personal bank account independently. Minors may still open accounts if a parent or guardian co-signs. Furthermore, applicants should be aware of any minimum deposit requirements that may apply when opening an account. Some account types may require a specific initial deposit, while others may not have any initial investment needed at all. It is also advisable for individuals to familiarize themselves with the types of accounts available, such as checking or savings accounts, as this can guide their decision on which type of account to open. As practices and policies may vary, it would be prudent for potential customers to look on the relevant web page for the most accurate and detailed information regarding account requirements and any recent updates.