What are the requirements to open a savings account?

November 8, 2008 by · 4 Comments
Filed under: Blog 

How can i open a savings accoun, what are the requirements i have to meet, and what are the benefits of havign a savings account?

If you are under 18, you have to get a parent or guardian to open one for you. Other than that, you have to have a valid I.D. and some money to put in the account (ammount of money differs according to what bank you are placing membership at).

The benifits of a savings account are that you will ahve to put more thought in to withdrawing money than you would if you were just trying to save cash.

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