There are two types of Bank Accounts that you can and need to open – usually, most banks will bundle both and offer these accounts in a single package (like Bank Of America, Chase Bank etc.)

1. Savings Account
   1. Earns interest over time but you cannot keep making transactions (swiping online or for purchases etc.) too many times
   2. Whatever amount you want to earn interest, move it to this account and let it remain there and get interest
   3. Remaining amount, move it to the Checking Account to make purchases etc.
   4. Limited transactions per month, usually less than 10
2. Checking Account
   1. Used for making purchases/transactions
   2. Almost nil interest
   3. Your debit card is typically tied to a Checking Account to withdraw money
   4. No restrictions on the # of transactions in a Checking accoun

You can walk-in to a bank like Bank of America/Chase etc. to open a new account. Typically, you’ll be asked for your details like the ones given below. Please ensure you take your originals (the bank will take photocopy and then return the originals immediately back to you)

1. Passport
2. I-94
3. Social Security Card
4. An initial deposit of ~100$ etc.

Once you get your bank details, you can provide your bank Account Number and Routing Number that would be provided to you when you open your bank account to your employer to ensure you get your paycheck credited to your bank account.