How to Open a Checking Account?

A checking account is typically a convenient place to keep your money for day-to-day expenses.

Choosing and applying for the right checking account is a matter of considering your priorities when it comes to the way you bank. Do you want a branch right next door? Or the best mobile app? How much money do you plan to keep in your account? Asking questions about how you like to bank may help you decide where to open your checking account.

Let’s learn more about how to open a checking account. 

What is a checking account?

A checking account is a deposit account at a bank or other financial institution that allows for daily banking transactions. Checking accounts are designed for regular deposits, withdrawals and transfers. They typically come with a debit card that you can use for making purchases or cash withdrawals.

Can I open a checking account online?

Many financial institutions offer the option to apply for a checking account online. You can open a checking account online with Citi® in minutes unless subject to additional verification. Basic information, such as an address and tax identification number, will be needed for your application.

How to open a checking account

Opening a checking account is often simple. Whether you want to go through the process online or in person, just follow the simple steps provided in the instructions.

Fill out your application

Whether it's online or in person, filling out an application for a checking account requires you to provide personal information which may include your name, address and Social Security number or individual taxpayer identification number.

Deposit an initial amount

You don't need a minimum deposit to open any checking account with Citi, but you may with other banks. Even if an initial deposit is not required, it's a good idea to fund your account and maintain a balance.

Disclosure: This article is for general educational purposes. It is not intended to provide financial advice. It also is not intended to completely describe any Citi product or service. You should refer to the terms and conditions financial institutions provide for various products.