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Checking \u0026 Savings Accounts Explained in 3 MinutesA minimum initial deposit is an amount of money required by the bank upfront when opening a checking account, savings account, or certificate of deposit. What. What do I need to open a checking account? � Identification. � Proof of address. It must show your name and address of your residence. � Opening deposit. You may. To open a checking account at a bank branch you'll typically need to bring a government-issued ID, an SSN or TIN card, and proof of address, but more may be.
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