Warning Regarding Bank Opening Date & Deposit Lengths

Reader Roman pointed out an issue a few people are facing (1, 2, 3) where if you open a bank account on the weekend they consider the Monday when your account was officially opened. The reason this matters is lots of accounts have minimum lengths that the deposit needs to be kept for (e.g 90 days) and this doesn’t start counting until the Monday. I always advise to give yourself a few extra days so this isn’t an issue, but you can also check your first statement and that should show the proper account opening date.