Banking

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Getting your own bank account is easier than you think. Plus, when it comes to getting paid, budgeting, paying bills, and saving, many banks are well equipped to help you do all of those things free of charge to you! All you need to open a bank account is:

• ID

• Initial Deposit

To get started, watch this video from the Goodwill on opening your first bank account!

Traditional Banks vs. Credit Unions

So you’ve decided that you are ready to keep your cash at a financial institution, but you aren’t sure where. You have two choices, a traditional bank or a credit union. What’s the difference you ask? Check out the video below for more info!

Whether you decide a traditional bank or a credit union, make sure you ask your potential financial institution questions about the services they provide and any fees that might be associated with their accounts. Not sure what to ask? Use this checklist from the Consumer Financial Protection Bureau to make sure that your bank has your back.

Want more info on banking? Check out our sections on checking accounts and savings accounts.