Step-by-Step: How to Open Your First Bank Account

 

Choose a Bank That’s Here For You


You have a lot of options when it comes to banks, but a community bank like Cape Ann Savings Bank can be a smart move, especially if you're local or going away to college. We’re real people who live here too, and we’ll work with you one-on-one. We offer deposit accounts with no fees, more personal experience than big national banks, and with focus on our local community and economy.
 

Gather a Few Documents


You’ll need a few basic documents to open your account:

●      A form of identification such as a driver's license, state-issued ID card, passport, or military ID;
●      A social security number or ITIN; and
●      Proof of address, such as can be found on a utility bill, rental agreement or other form with your address.
 
Not sure what counts? Give us a call or stop by one of our branches–we’re happy to help.

Choose an Account Type


With a variety of Checking Accounts and Savings Accounts at CASB, our team will work with you to choose the right one for you.

Checking Accounts

This is the best place to keep your day-to-day money. Whether you're seeking a simple checking account or one that allows you to earn interest or cash back on your purchases, there is an option for you at Cape Ann Savings Bank. Features that our checking accounts offer include:
  • Earn interest with a minimum daily balance. View current rates here.
  • Free ATM withdrawals at any Cape Ann Savings Bank ATM locations
  • No ATM “owner” surcharge fees when used at an ATM that displays the SUM network
  • Free Online Banking and Bill Pay
  • Free Mobile Banking and Mobile Deposit. Free eStatements
  • Free ATM or Debit card, which you can receive the same day, when the account is opened in one of our branch locations.

Savings Accounts

This is where your money can grow. Use it to save money for future goals like a trip, a car, or just an emergency fund. CASB offers savings accounts which can be easily linked to your checking account, as well as accounts that allow you to save for holidays or other needs throughout the year. Check out our no-fee savings accounts and the competitive rates we offer.

Complete the Application

Now that you’ve heard about all the checking and savings products designed to help you in your financial journey, and if you’ve decided to choose Cape Ann Savings as your partner in this, take a moment to gather the few personal identity documents mentioned to prepare you for opening your new account online. You can get started right now by clicking open your new account.

If you prefer to talk to someone in person, need assistance setting up your banking accounts, or want to learn about other services Cape Ann Savings Bank has to offer, stop by any one of our local branch locations. We are happy to help you.