When you go to open a checking account at a financial institution, most will review your history of using checking accounts. Some financial institutions will run full credit report.
If you have a history of bouncing checks or misusing your accounts, a financial institution might not allow you to open a checking account. If you do not have a history of using a bank account or credit, don’t worry. If you have proper documentation, a financial institution will welcome doing business with new customers.
According to the FDIC, the financial institution will need your photo identification to open an account. This is usually a driver’s license and either a Social Security number or Taxpayer ID number. If you do not have a driver’s license, you can use a state-issued identity card, passport, or permanent resident card.
After the financial institution determines that you are eligible to open an account, you can deposit money into your new account and begin to use it.
