Is it difficult to open a bank account?

You’ve finally decided to take the plunge. With your cash tucked deep in your pocket, you walk
into the bank and ask to open a savings account.

The bank’s receptionist directs you to a desk where a customer service representative
will help you with the paperwork. To your surprise, the only form you need to fill out is a
signature card, which requires you to sign your name and then print your name, address,
telephone number, date of birth, social security number, and your mother’s maiden name (as
a means of further identification). After you complete the signature card, you receive a bank
book (sometimes called a passbook) that lists your account balance (the total amount of money
in your account).

Whenever you make a deposit (put money in) or a withdrawal (take money out), the
transaction is recorded in your bank book. It is very important for you to keep track of the
activity in your account.

You don’t need lots of money to start a savings account. Some banks let you open one with as
little as $20. Nor do you need to wait until you are 18 years old. In most cases, you can open
a savings account as soon as you are old enough to sign your name, or even earlier than that if
you open the account with a parent or guardian.

Source from : http://www.bos.frb.org