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How do I start a bank?

How can I start a bank? Starting a bank involves a long organization process that could take a year or more, and permission from at least two regulatory authorities.

How do I open a bank account?

Opening a bank account is something you can do relatively quickly, either online or at a bank or credit union branch. Generally, you can expect the bank to ask you to fill out an application for a new account—that’s usually the first step.

Can you start your own bank?

Regulations and capital are the two biggest hurdles to jump, and to be clear, starting a bank is not an easy endeavor, particularly for those unfamiliar with the industry. But with a solid, well-devised business plan and strategy, a pile of sweat equity, plentiful stores of patience, and a dash of good fortune, starting your own bank is possible.

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