Opening Your Own Bank Account

Once you start work, then you're on your way to earning money to buy the things you want.

Many organisations pay their employees weekly for the hours they work on a weekly basis. Most employers don't pay with cash and quite often their payroll systems are designed to deposit wages directly into each employee's bank account.

To make sure you get paid correctly from the very first week, it can be helpful to establish a bank account in your own name. You may need some help from your parents or guardian to do this and will also need some money to create a bank account opening balance.

You will then be able to provide your bank account details to your employer. This information must be correct to make sure they pay your wages into the correct bank account, so double check that information before giving it to your employer.

Article adapted, with thanks to McDonald's.