Select an account. Before you complete a checking or savings account application, review the menu of products your Florida bank offers. Most banks provide a wide variety of checking and savings accounts to fit different lifestyle options.
For example, students or young adults tend to open a "free checking account." A free account has no minimum balance or monthly fee; however, you must use all electronic services such as direct deposit, e-statements and debit cards to maintain the free-account status.
Another example is a "relationship pricing account." Earn discounts on bank products or services, or a higher interest rate, by opening and using other bank products such as online banking or direct deposit. Also popular is the "club account." Many Florida banks offer special accounts tailored to the needs of children, teens, young adults and seniors.
Complete the checking or savings account application. Obtain an application from your bank or complete one online. Typically, you'll need to furnish your name, address, Social Security number and employer on your application. If you apply in person, bring your Florida driver's license, Social Security number and a credit card to the appointment.
Sign all disclosure forms and Truth in Savings paperwork to complete the application process.
Provide the minimum deposit to fund your account. Most checking and savings accounts require a minimum deposit during account opening. Bring cash or a check to the appointment to fund your account.
Some banks will post funds and activate your account immediately; however, other banks need five to seven business days to activate your account. Ask your account representative for a time line and to supply you with starter checks and deposit slips.