Sara would like to open a bank account. What will she need to do this? Check all that apply.

Sara would like to open a bank account. What will she need to do this? Check all that apply.

a. identification card

b. high school diploma

c. money to start the account

d. birth certificate

e. proof of address

Answer: a. identification card

While opening a new bank account one is supposed to have some documents either as a form of identification of the account holder and/or his/her residence. To confirm the identity of the client, a driver’s license or passport and any other lawful identification are often necessary. Also, since it is a deposit for an account one has to invest some amount of money to open an account in the bank. That is a number which depends on the kind of account which is involved or the rules of the concerning bank. Utility bill or lease agreement is also expected to validate the residence address of the account holder to cross-check it. However, a high school diploma or birth certificate cannot be regarded as the documents which are required for the account opening in the bank as these papers do not contain information about the person’s identity and address.