How to Post to a Bank Account
- 1). Choose a bank with which to open an account. Choosing where to open an account depends on a few different factors. First, and almost without question, you want the bank to be FDIC insured, which will protect your money in the event that the bank faces some sort of fiscal crisis (e.g., a debt or liquidity crisis). Second, you need to compare the interest rates offered with different types of accounts. For example, CDs provide higher interest-rates than savings or checking accounts, but will only allow you to post, so no withdrawals are allowed. Different types of savings accounts also provide different interest rates. Contact a representative or a bank, or visit its website to learn more about interest rates on accounts.
- 2). Open an account with a bank. In many cases, this would require that you visit the bank and request explicitly to open an account. After a minor credit and criminal history check, the bank will almost certainly open your account. Find out the different methods you can post to an account by asking a representative. For example, some banks have electronic banking options (especially the larger banks like Citigroup, Bank of America, etc.), in addition to providing basic, institution-based options such as walking into a bank physically to handle your financial affairs. Other accounts are completely online and are offered by so-called "Internet banks," such as ING Direct and Emigrant Direct.
- 3). Deposit money into your account. First, select the amount of money you want to deposit. Do not deposit any money that you need immediately or very soon, and try to keep some cash on hand. Request a debit card from your bank to simplify the process of using your account to pay for things. Deposit your money using the terms of your bank. For example, Bank of America allows you to visit a physical Bank of America installation, deposit money using one of their ATMs and use their online banking system. If you have a physical check to deposit, as opposed to moving electronic funds from an account like those offered by PayPal or a stock trading companies, your best bet is to either visit an ATM or a physical bank. Your money should post to your account, depending on the size of your deposit, either immediately, or a couple hours/days following the transaction.
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