How to Open a Debit Account

Author: Artem Hihach

When you debit your bank account, money is taken out of it. Credit is the inverse of debit, in which money is added to your account. Today, we’ll go over what a debit account is, how to create one, and what you need to get a debit card.

What is a Debit Account?

Debit cards are an excellent way to keep track of your spending, carry less cash, and avoid incurring credit card debt. They are widely accepted as a payment method in stores and on the internet, and there is never a shortage of ATMs where you can withdraw cash with your debit card.

What are the benefits of Using a Debit Card?

Debit cards are linked directly to a checking account, so that they can be used to withdraw cash or make purchases. Debit cards are accepted by almost all payment processors. In addition, most debit cards offer instant deposits, which can be convenient if you want to make a large purchase, such as furniture for your home. 

How to Open  a Debit Account?

There are a few things you will need to own a debit account. You can open a checking or savings account either online or in person at a bank. Proof of identity will be a key part of the process. Also, you need to be of legal age, have a Social Security number, and have a valid ID.

If you are applying for an account in person at a bank branch, you should get your debit card. Your bank may require that you maintain a certain balance in your account, but it will also depend on the bank you have an account with. If you get a personalized debit card at a branch, the activation will be handled by the bank employee who can help you with your application. If you received your debit card by mail, you’ll need to activate it yourself, typically by phone or online.

Once you have these requirements met, it’s time to look for a job or get a side hustle to earn more money. 

What do you need to get a debit card?

To get a debit card, you will need to have a checking account with a bank or credit union. Once you have a checking account, you can ask your bank or credit union for a debit card. You will need to provide your bank with your current residential and mailing addresses, as well as a recent photo of yourself ( facial features must be clear and uniform in the photo). After completing and meeting all these requirements, a bank account will be open in your name, and you will be given a debit card upon request.

How to Maintain your New Debit Card

When you have successfully open a debit account, follow the step below to get the best out of it. 

1. Make Use of Direct Deposit
   
2. Link Your Accounts
   
3. Consider a Rewards Debit Account
   
4. Enroll in electronic statements.

Conclusion

Debit cards can be a simple way to pay for items, whether at stores, on your street, or online. Card payments are far safer than cash payments. With the help of our article, you should be able to own a debit account without hassle.