To most people, the process of opening a bank account can be intimidating and tiresome. However, this doesnt have to be the case, especially if you are aware of the basic banking. Whether you have just inherited money, are starting up a new business, have received a job promotion, have recently had a child or any other major life change, you may want to cons. A checking account is the most basic personal finance tool. Its a place to keep your money safe and track how much you spend it. If youre watching your pennies and sticking to a. Banking was once an industry that relied completely on face-to-face interactions and transactions. For many years, bankers cultivated personal relationships with their clients, and.