Question

Which of the following is required to open a bank account?

• A. Passing an entrance exam
• B. Getting a letter of recommendation
• C. Providing proof of banking experience
• D. Providing proof of identification and address

Answer 1

The correct option is D Providing proof of identification and address

Banks store money as deposits. Any person with proof of identification and address would be able to open a bank account and deposit money in the bank. In addition, banks provide the depositor with interest for the deposited money.