No one wants to spend hours upon hours trying to open a bank account. Who has time for that? So it’s no surprise that at Cornerstone Bank, many of our clients ask “how long does it take to open a bank account?” before the process begins.
The quick answer: only a few minutes!
Keep in mind, there are different factors that come into play when opening personal bank accounts that could influence how long the process takes. But to help, our banking team has compiled a list so you can better understand how long it takes to open a bank account.
Factor 1: How prepared are you?
If you aren’t prepared, it’s going to take a lot longer to open your bank account. Say you stop at a bank without a government-issued ID. As a result, you’ll have to go back home, get the ID, then return. Depending on how far you live from the bank, that could really take a chunk out of your day. In general, things you want to have ready before you open your account include:
- Full legal name
- Date of birth
- Social security number
- Driver’s license information (or another form of a government-issued ID)
- Required fees and deposits
In addition, you’ll also want to have a clear idea of what kind of bank account you want to open. You can choose between a savings account, credit card account, or checking account (there may be more options depending on the bank).
Factor 2: Are you going into the bank or opening an account online?
When you open a bank account online, you don’t have to worry about going into the bank or signing physical papers. You can move at your own pace and open your account at your own time. This will save you time.
However, if you’d rather speak with someone in person or over the phone rather than using your desktop or smartphone, you’ll still get the best customer service in Kansas City.
Factor 3: How experienced is the bank you’re using?
Without experience, a bank can’t efficiently open bank accounts. This includes capturing your information, putting you in the system, educating you on how to access your account, and more. How long it takes to open a bank account greatly depends on how fast your banker is moving. But we do want to add that speed doesn’t necessarily mean you’re getting great service. Banking experience means that your bank can get you through the process not only quickly, but also accurately.
Get started with Cornerstone Bank
At Cornerstone Bank, you won’t have to question, “how long does it take to open a bank account?” Instead, you’ll know that you’ll be ready to go within minutes. Plus, during the process we’ll personally get to know you because you’ll become part of the Cornerstone family. Feel free to give us a call at (913) 239-8100 or visit our Overland Park office to get started.