Getting Started: Why Documentation Matters
Opening a bank account is an important step toward managing your money. Whether you're setting up your first checking account or adding a savings account for future goals, knowing what you need to open a bank account can save you time and hassle.
What Documents Do I Need to Open a Bank Account?
1. Government-Issued ID
Bring a current, valid photo ID such as:
- A driver’s license
- A state ID card
- A passport
2. Social Security Number or Taxpayer ID
This helps verify your identity and is essential for tax reporting.
3. Proof of Address
Documents must show your name and current physical address. Examples include:
- A utility bill (dated within 60 days)
- Lease agreement
- Mortgage statement
4. Initial Deposit (if required)
Some accounts require a minimum opening deposit, often ranging from $25 to $100.
Tip: Visit your local bank branch for specific account types and ID policies in your area.
What Do You Need to Open a Checking Account?
A checking account may have slightly different requirements, especially if it includes features like overdraft protection or mobile banking. Generally, the documents listed above will suffice but always confirm if your financial institution needs anything additional, like proof of income.
What ID Do I Need to Open a Bank Account?
The ID must be:
- Unexpired
- Government-issued
- Include a photo and signature
Acceptable forms include:
- Driver’s license
- State-issued non-driver ID
- U.S. passport
- Military ID
If you're opening an account for a minor or someone with limited documentation, additional paperwork may be required.
FAQs
Q: Can I open a bank account online?
A: Yes, many banks offer online account opening. You'll still need to upload digital copies of your ID and other documents.
Q: Can I open a bank account without a Social Security number?
A: It depends. Some banks accept an Individual Taxpayer Identification Number (ITIN) instead.
Q: Do I need money to open a bank account?
A: Often, yes. Initial deposit requirements vary by account type and bank.
Q: Can I open a bank account for my child?
A: Yes. You'll typically need your child’s birth certificate and Social Security number, plus your own ID and address verification.
Find the Right Fit for Your Financial Goals with Midland
At Midland, you'll need the following information to complete your application:
- Personal and Contact Information
- US Address
- Social Security Number or Employer Identification Number
- 18 years of age with a government-issued ID.
Whether you're opening your first account or upgrading your everyday banking, Midland States Bank has options tailored to your lifestyle. From flexible checking accounts to interest-earning savings, we make it easy to choose what works for you—with the bright, neighborly service you expect.
