Every adult needs a bank account. There are lots of banks to choose from in Bellingham. The first thing to know about these is that some are called banks and some are called credit unions.
To see some of the differences between banks and credit unions, click here. Here is an article explaining why the author believes credit unions are better than banks.
Credit unions include:
Banks include:
There are a lot of reasons for having a bank. A few reasons include:
- A secure place to keep your money
- Earning interest on the money you keep there (you earn money by keeping your money at the bank/credit union)
- Getting a debit card or credit card
- Getting a checking account to pay bills
To join a credit union or a bank, you will probably need:
- To be 18 or over
- Government ID
- Social security number
- Money (usually between $5 - $50 to open a savings account)
If you would like to apply online to open a bank account, click on one of the credit union or bank links above and look for information on how to join.
If you do not feel comfortable having your own bank account, there is an option called JOINT ACCOUNT. This is one you would split with your parent or guardian. Ask your family about opening a joint bank account.
If you do not feel comfortable having your own bank account, there is an option called JOINT ACCOUNT. This is one you would split with your parent or guardian. Ask your family about opening a joint bank account.
