There are two types of bank accounts in the United States.
1) checking account
That is, checking accounts have little interest, and quite a few banks even have no interest. The check card attached to this account can be used for direct credit card shopping;
2) savings account
In other words, the interest on a savings account is much higher than that on a checking account. Similar to a current account in China, the current interest rate is generally around 1~ 1.5%, and the fixed interest rate is around 2~3.5%.
There are three problems to pay attention to here.
1. Some banks will limit the number of withdrawals from their accounts each month. If you exceed the withdrawal amount, you will have to pay a handling fee. For example, some banks stipulate that withdrawals cannot exceed five or six times a month. If they exceed the prescribed number of withdrawals, they will have to charge a handling fee ranging from 6 to 10, which is not very appropriate.
2. Savings accounts can't buy things directly by credit card like domestic debit cards, and the funds that need to be consumed should be transferred to CHEKING account for further consumption. Therefore, there is one more procedure than in China, which needs attention; How much money is deposited in the checking account; Wang Yu of Shuangyu United suggested: This is more troublesome, but it is also conducive to controlling consumption)
3. Some banks require the account to have a maximum balance, and a certain fee will be charged below this figure;
About online banking:
Like China, online banking is simple and convenient to transfer money. Many banks offer online banking free of charge, and the annual online banking fee is exempted when the deposit reaches a certain amount, which is completely in line with the situation in China, and there is nothing strange.
Hymn checking account and savings account can be opened separately or at the same time;
Step 2: Bank of America opened an account.
Bring all the necessary documents.
1) passport
2) DS-20 19
3) American address and lease contract
Teachers studying in Jin Dongfang suggest that checking accounts and savings accounts can share a check or debit card.
The third step is to apply for an American credit card.