Banking in the United States

Once you have arrived in the United States, you will need to open a bank account. Banks in the U.S. offer many kinds of financial services, including:

  • Checking and savings accounts
  • Foreign currency conversions
  • Bank drafts
  • Money orders
  • Credit cards
  • Loans
  • Interbank transfer
  • Traveler’s checks
  • Safe-deposit boxes for storing valuable items
  • Investment services

Where can I get a bank account?

Several banks and credit unions are located on or near the IU campus. The Greater Bloomington Chamber of Commerce has a list of local banks.

See a list of banks in Bloomington


Opening a bank account is like entering a contract. Be sure to read everything and ask questions if anything is not clear to you.