What do you mean by opening an account?

The word refers to opening an account.

Opening an account refers to opening an account in an institution or company for financial transactions, deposits, withdrawals or other businesses. Opening an account usually requires personal identification documents and related information, such as name, address and contact information. Different types of accounts have different account opening requirements and procedures.

For example, to open a bank account, you need to fill out an account opening application form and provide identification documents and bank card information; When opening a securities account, you need to provide identification documents, proof of funds and risk tolerance assessment.