What are questions to ask when opening a new bank account?

After having accounts with banks in several countries with different rules and regulations, I experienced surprise charges etc, hence it is a good idea to have a check list of questions to ask at least 2 bank staff [1].

 

  1. Is there any charge for opening an account? If yes, how much?
  2. Is there any charge for opening an account? If yes, how much?
  3. Is there a minimum balance to maintain? What is the fall below fee?
  4. What is the minimum duration to close an account shall I need the fund urgently?

 

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[1] It is not that I doubt a bank staff, but there can always be knowledge gap that the staff may be unaware of. Rules and regulations change. For example, there was no charge for me to deposit or withdraw usd in cash from the bank that I have saved my most my savings earned in my 30s, but the rules change and I disappointingly learned on 20171226 that they charge 1.5%!

 

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