Individual Account Set Up

Question 1

What is the definition of an Individual Account?

Answer 1

An account owned by one individual for personal use.

Question 2

What is needed to open an Individual Account?

Answer 2

• Valid US Gov Issued Photo ID
• $100 Min opening deposit
• SSN
• Physical address

Question 3

What must be completed prior to activating an Individual account?

Answer 3

Signed:
* Signature Card
* Receipt of Disclosures
* Debit Card Application if applicable
* Online Banking Application 
Upload account from Account Maintenance in Streamline and complete the opening deposit

Question 4

Does a “parent” account need to be created before scheduling AFT or Sweeps from the “child” account?

Answer 4

yes..the “parent” account (account that will protect the “child” account when an overdraft occurs has to be in place beforehand.

Question 5

Is it preferable to set up Online Banking and complete the Debit Card Application before or after the account upload?

Answer 5

AFTER