How do I open a bank account?

A bank account is used to deposit and withdraw money, making it easier to pay bills and manage money. Many banks require identification such as a drivers license or passport in order to open a bank account. Banks typically require a minimum amount of money, such as $100, when opening an account. An account may be opened online, or in-person. Once you apply for an account, you can get verified within minutes, and the account is ready for business within a few days.