Not a problem— you can open one today or link your PayPal instead! If you're opening a bank account, we highly recommend opening a savings account. You must have a bank account with online banking credentials to sign up for SaverLife.
When opening a bank account, we suggest that you look for an account with no monthly maintenance fees, no minimum balance requirements, and conveniently located ATMs or local branches.
We also recommend that the financial institution you choose is either FDIC-insured (for banks) or NCUA-insured (for credit unions). When you go to open a bank account (or open it online) be sure to bring your social security card or individual tax identification card.
Once you have set up online banking, you can link your bank account to SaverLife.