Sara would like to open a bank account, but she isn’t sure what she’ll need to do this. To open an account, Sara will need to bring some basic documentation to the bank, including a valid form of identification, her social security number or tax identification number, and proof of her physical and mailing address. She may also need to provide an initial deposit, if required by the bank.
Sara’s first step will be to choose the type of account she wants. Checking accounts give customers access to several payment and withdrawal options, such as debit cards, while savings accounts focus on storing funds and earning interest.
To open her new account, Sara will need to provide the bank with some basic documentation, including a valid form of identification (such as a passport or driver’s license), her social security number or tax identification number (depending on the bank’s regulations and the country she lives in), and proof of her physical and mailing address. Some banks require an initial deposit upon opening, so it’s important that Sara has the money ready.
It’s also helpful to bring a power of attorney, which is a legal document giving another person the authority to do certain transactions on an account. This is particularly common for elderly or incapacitated people who want to ensure that their financial affairs are handled properly. Sara serves as the Branch Manager at SouthState’s Columbia Clemson Road location and is passionate about helping individuals find financial freedom through a strong relationship with their banker. She lives in Glen Allen with her husband, Jason, and their two teenage children, and enjoys watching them compete in various sports.