How do I open a bank account?

How do I open a bank account?

Mitchell Freedman, CPA/PFS (CEO, MFAC Financial Advisors) gives expert video advice on: What kinds of bank accounts should I have?; How do I open a bank account?; How can I compare banks and the services they offer? and more...

A lot of people wonder how they should get a bank account -- how they can get a bank account -- and it's actually a sad state that a very substantial number of people in our country are -- and the term of art is "unbanked", undocumented workers; individuals who are working in the cash economy. They do not have bank accounts and that can be a problem for them. The first thing that you have to have in order to be able to open up a bank account is a Social Security number because there's going to be an application form of some kind that has to be prepared and they are going to want to have a Social Security number.