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Your Guide on How to Open a Bank Account

Opening a bank account is the best way to keep your money safe, track how much you're spending, and save money for the future. Fortunately, opening a secure bank account is easier and cheaper than ever.

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What Do You Need to Open a Bank Account?

There are a few requirements for opening an account, and you'll likely need to provide some documents. These will vary slightly depending on where you go and the type of account you want to open, but usually include a valid, government-issued ID and other basic information, like your birthdate, Social Security number, phone number and email address.

Choosing the Right Type of Bank Account: Checking, Savings, or Business

Bank accounts come in all shapes and sizes; if you're opening your first bank account, then basic is probably better. At WaFd Bank, we offer Free Checking*, which comes with no minimum balance or monthly maintenance fee, 24/7 online and mobile banking, mobile check deposit, a debit card and voice-activated banking.

Minimum Deposit to Open a Bank Account

You'll need money to put into your new account, and most banks require a minimum dollar amount. WaFd Bank's Free Checking minimum deposit is low—only $25 is needed to open yours.

How Do You Open a Bank Account Online?

No need to visit the branch—with WaFd Bank, you can open a secure bank account without ever leaving your couch. Simply click the Open an Account button on just about any page on our site to get started.

Can You Open a Bank Account Under 18?

To open a bank account with WaFd, you must be at least 18 years old, and a U.S. Citizen or a Permanent Legal U.S. Resident.

Do I Need a Job to Open a Bank Account?

Employer information is not necessary to open an account. All you need to provide are some documents. These will vary slightly depending on where you open your account, but usually includes a valid, government-issued ID and other basic information, like your birthdate and Social Security number.

Have questions? We're here to help!

Simply ask Walt, call our Customer Care team at 800-324-9375 or stop by your local branch.

*Account requires twenty-five dollars to open. Nonsufficient funds fees may apply. Must be 18 years old to open an account.