where to open savings account

where to open savings account

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You can open a savings account at many banks either online or in person. Here are some common options and details:

  • Wells Fargo : Open online or at a branch if you are 18 or older. You'll need your Social Security number, valid ID, current address, and $25 minimum deposit
  • Bank of America : Apply online by selecting an account and entering your personal information
  • Online banks with high-yield savings accounts : Many online banks like Axos Bank, Barclays, Marcus, and Synchrony Bank offer savings accounts with competitive interest rates and no minimum deposit. You typically need your Social Security number, ID, and to link an external bank account for deposits
  • HDFC Bank (India) : Open a digital savings account online with Aadhaar and PAN details, with options for video KYC verification
  • IDFC FIRST Bank (India) : Open online in under 2 minutes with Aadhaar & PAN details, or visit a branch with photo ID and address proof
  • ICICI Bank (India) : Open online with valid identity and address documents like Aadhaar, Passport, or Driving License. Joint accounts require branch visit
  • Axis Bank (India) : Online account opening with video KYC, no paperwork needed
  • Bank of Baroda (India) : Open by visiting a branch with valid KYC documents

In summary, you can open a savings account at major banks either online or in person. Online options often require ID, Social Security number (or Aadhaar/PAN in India), and an initial deposit. Many banks also offer video KYC to simplify remote account opening

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