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Deposits

FAQs: Applying for Bank Accounts

  • Hide How can I open an account?

    You can apply online for checking account, savings account, CD or IRA. Simply select an account, enter your personal information, verify your information and choose features & funding options. You will receive an email once your application is received and a follow-up email telling you whether it has been approved, plus any next steps.

  • Show What do I need to apply?

    When you apply, you will need to provide information about yourself. For a faster application process, have the following information on hand when you begin your application:

    • Your Social Security Number
    • Your current residential address
    • Your email address
    • Your account number or debit card number to make your opening deposit into your new Bank of America account
    • Co-applicant's personal information (if applicable)
  • Show What information do I need to open a joint account?

    You’ll need the same information that’s needed when opening an individual account, but you’ll need it for both applicants. For details, please see the preceding question and answer. Please note that each co-applicant has to sign the signature form.

  • Show How do I make an initial deposit for an account that I just opened?

    To make your initial deposit, you can transfer money from your account at another bank. If you are already a Bank of America customer, you can transfer money from your existing account. You can also use a debit card, check or money order for your initial deposit.


    The transfer will not take place until your account is approved. Please ensure that you have sufficient funds available to be transferred.

  • Show How much can I deposit into my new account?

    When applying for a new checking or savings account, you can deposit any amount ranging from the minimum opening deposit amount to a higher amount. View our checking accounts for details.

  • Show Is my online application secure?

    We use Secure Socket Layer (SSL) technology to ensure your online information is passed to us securely. This technology allows users to establish sessions with internet sites that are secure, meaning they have minimal risk of external violation. Once inside the Online Banking site, you are secure through our use of SSL technology.

  • Show How long will it take to open an account when I apply?

    Your application will be processed in 1 to 2 business days. We'll send you either an email or letter letting you know if you are approved for your account. You will receive your account documents via U.S. Mail within 7-10 business days.

  • Show What's an offer code?

    An offer code is a series of numbers and letters that you may have received from Bank of America in conjunction with a promotion or offer. Your offer code is indicated on the communication material you may have received from us. Examples of communications are a brochure that you received in the mail or from a web page ad. You can provide this offer code with your application.

  • Show What does "online access to my account" mean?

    "Online access to my account" means that you can view your account through Online Banking. With Online Banking, you can check account balances and transactions, transfer funds between accounts, and set up Alerts to remind yourself about important activity in your accounts. You can also use Bill Pay to pay all your bills in minutes from one simple site.

  • Show How do I get my account opening documents?

    As part of your phone application, you will be asked to give consent to receive certain account opening documents and notices from us electronically. Other account opening documents will be sent through U.S. Mail within 7–10 days of account opening. If you do not wish to consent to receiving documents electronically, you may visit any Bank of America banking center to apply in person.

  • Show What's a signature form? Why do I need to send it back to you?

    A signature form allows Bank of America to service your account. It is important to sign and mail your signature form to us as soon as possible (and have any co-applicants sign the signature form too) so that we can service your account, which includes verifying your identity and reporting tax information.