How to Get a Checking Account With No Money Down
Learning how to be responsible with money is part of becoming a responsible adult. One of the first things you need to do when you start making money is open a checking account. This bank account can give you a secure place to keep your money until you need it. Plus, you can write checks to pay for bills, and you can use a debit card for everyday purchases. When opening a checking account, you may not have any money to put into it right away. If this is a problem, you can open a checking account with no money down.
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Instructions
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Make a list of banks in your area where you can open a checking account.
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Visit or call each bank in your area and ask about opening a free checking account. If you don't have money to deposit upfront, ask about opening a checking account that has no minimum balance. Get information about each checking account in writing so you can compare them later.
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If you want to search for banks online, go to Bankrate.com, where you can compare bank checking accounts across the country, including Internet-based banks (see Resources).
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Pay attention to fees. Some banks will charge a fee for opening a checking account, which will require paying money upfront. Also, make sure the checking account you're considering doesn't charge fees for things like slipping below a certain balance or using a debit card.
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Once you have found a bank with a checking account that meets your needs, go to the bank to open it. Double-check that you don't need to provide money down and that the bank isn't going to charge you for opening the account.
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References
Resources
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