4 Steps to Opening a Bank Account
DID YOU KNOW…?
Let’s get you started on the road to financial stability and savings!
- If you make six bill payments per month, you could spend more than $1,000 per year cashing checks and purchasing money orders
- Using a check cashing business could cost you an average of $400 a year in fees and interest, AND it won’t help you build credit!
Let’s get you started on the road to financial stability and savings!
1. Choose a Bank On Memphis Financial Institution Partner that best fits your needs.
2. Call the bank or credit union to schedule an appointment or visit a branch to open the account.
3. What should I bring? - Ask the bank or credit union first. Usually you ‘ll need to bring:
4. Open your new account. Your representative will walk you through the entire process and can tell you about free money management training available to you in your neighborhood.