The first step is to understand the classification of bank accounts in the United States
There are two categories of bank account numbers in the United States
1)CHECKING ACCOUNT
That is, a checking account does not have much interest, and quite a few banks even have no interest. This type of account comes with a CHECKING CARD, which can be used to make purchases directly;
2) SAVINGS ACCOUNT
It is also a savings account. , the interest rate is much more than that of CHEKING ACCOUNT. Similar to domestic current accounts, the current interest rate is generally around 1~1.5%, and the regular interest rate is around 2~3.5%;
Three issues need to be paid attention to here
1. Some banks will limit the number of account withdrawals per month. If you exceed the quota of withdrawals, you will have to pay a handling fee. For example, some banks stipulate that it cannot exceed 5 times, or 6 times per month. If the specified withdrawals are exceeded, times, it is not appropriate to charge a handling fee ranging from 6 to 10 US dollars each time;
2. SAVINGS ACCOUNT cannot be used to directly swipe the card to buy things like domestic debit cards; Transfer the funds that need to be consumed to the CHEKING ACCOUNT and then spend it. Therefore, at this point, there is one more procedure than in China. You need to pay attention to how much you need to deposit into the CHEKING ACCOUNT. Wang Yu from Shuangyu United reminds: This is more troublesome. , but this also has advantages, making it easier to control consumption)
3. Some banks require the account to have a minimum balance requirement, and if it is lower than this number, a certain fee will be charged;
About online banking:
As in China, online banking operations and transfers are convenient. Many banks open online banking for free, and depositing to a certain amount will waive the annual usage fee of online banking. This is fully in line with our country. , no sense of strangeness.
Ps. CHECKING ACCOUNT and SAVINGS ACCOUNT can be opened separately or at the same time;
The second step is to open a US bank account
Bring all the necessary documents< /p>
1) Passport
2) DS-2019
3) US address and rental contract
Golden Oriental Study Abroad Teacher Tips: CHECKING ACCOUNT and SAVINGS ACCOUNT can be used with a check or debit card (DEBIT or CHECK CARD)
The third step is to apply for a US credit card