Become Financially Intelligent
As our business name implies, we highly value education and would like EVERYONE to benefit from financial intelligence. We offer free financial counseling programs at our home site in Tamarac, FL and assist thousands of families per year to become financially aware and stable. Click HERE to schedule your next one on one with our financial advisors. They would go over topics such as money management, building wealth, establishing credit to reduce debt, and so much more.
Save That Refund!
Congratulations! You received your refund check. Let us be smart about what to do with that hard earned money. Here are some suggestions:
EXISTING ACCOUNT -Emergencies happen. Life happens. That is why it would be a great idea to split your refund money for these unexpected events. You can use your current savings account or we can help you open one with the bank of your choice.
OPEN AN ACCOUNT – Our trusted tax preparers are here at your disposal to help you open an account that is appropriate for your needs. Feel free to ask one of our staff members or volunteers for assistance.
U.S. SAVINGS BONDS – Do you have young children? Saving for their future can be challenging. Put aside some of your refund money just for those reasons. By purchasing a U.S savings bond, you can make a safe investment and earn interest up to 30 years.
How to Open a Bank Account?
Every bank is different when it comes to opening a new account but usually you will need the following:
Government-issued photo ID– Almost every bank and credit union requires some form of government-issued phot ID to verify your identity. This can be a driver’s license, state-issued ID card or passport. In some cases, you may need more than one form of ID.
Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)– If you are opening a joint account, both people will need to provide this information.
A minimum initial deposit– While you can find bank accounts with no minimum deposit requirements, most banks and credit unions require you to deposit a certain amount to open a bank account. This can be anywhere from $5 to $100 or more. You can make the deposit using cash, check, a debit card or credit card, or an electronic transfer from another bank account depending on the institution.
Banks can also require you to complete an application for a new account. This means providing additional information such as your physical address, phone number and email address.