27234
AssignmentMultiple Select

Banking: How to Manage Your Money

Question 27234 • Personal Finance - SC 26-27 (For Credit)

Lupe is ready to open a checking account.What does she need to have when she goes to the bank? Check all that apply.identificationher most recent bank statementher Social Security numberproof that she is a studentproof of her addressmoney to deposit

Answer
A
identification
B
her most recent bank statement
C
her Social Security number
D
proof that she is a student
E
proof of her address
F
money to deposit

Explanation

To open a checking account, Lupe generally needs identification to verify who she is, her Social Security number for account and tax records, and proof of her address. She may also need money for an initial deposit, depending on the bank’s requirements. A recent bank statement and proof that she is a student are not generally required to open an account.

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