What you need to open an account online

Most US banks let you open a checking or savings account entirely online without visiting a branch. You will need a valid government ID (driver's license, passport, or state ID), a Social Security number, and a way to verify your identity—usually a phone number or email address the bank can reach you at. Some banks also ask for proof of address, which can be a recent utility bill, lease, or bank statement.

The process takes 10 to 20 minutes on a computer or phone. You provide your personal information, choose the account type and features you want, link a funding source (another bank account or debit card), and make an initial deposit. Most banks fund the account within one to three business days, though some offer same-day or next-day access.

A few banks require you to verify your identity in person or through a video call before the account is fully active, especially if you are opening an account with a high initial deposit or if the bank cannot match your information to existing records. This step usually takes an extra day or two.

Key Takeaways

  • You will need a valid government ID, Social Security number, and a way to receive a verification code by phone or email.
  • The online application itself takes 10 to 20 minutes, but the bank may take one to three business days to fund the account and make it usable.
  • Some banks ask for proof of address or require a video call to verify your identity before the account is active.
  • You can usually fund the account with a transfer from another bank account, a debit card, or a wire transfer, depending on the bank.
  • Once the account is open, you can use online banking, mobile apps, ATMs, and debit cards immediately or within a day or two.

What information the bank will ask for

When you start the application, the bank will ask for your full legal name, date of birth, address, phone number, and email address. You will also need your Social Security number. Have your government ID ready so you can enter the information exactly as it appears on the document.

The bank will ask what type of account you want—checking, savings, or both. Some banks offer different versions of each (for example, a checking account with no monthly fee versus one with rewards). Read the descriptions carefully, because switching accounts later can take time and may trigger a new application.

You will be asked about your employment status and income, though this is often optional for basic accounts. If you are opening a business account, the bank will ask for an Employer Identification Number (EIN) or sole proprietor tax ID, your business address, and the business structure (sole proprietorship, LLC, corporation, and so on).

How to verify your identity during signup

After you submit your information, the bank will send a verification code to your phone or email. Enter this code to prove you control that phone number or email address. This step usually happens within minutes.

Next, the bank runs a background check against your ID and Social Security number. This is called identity verification, and it happens automatically in the background. If the bank cannot match your information to existing records—for example, if your name or address is slightly different from what is on file—it may ask you to upload a photo of your ID or call you to confirm details.

Some banks, particularly those with strict compliance rules, require a video call with a representative who will ask you to show your ID and answer security questions. This step can add 24 to 48 hours to the process. A few banks use third-party verification services like Socure or Jumio, which use facial recognition to match your face to your ID photo.

Funding your new account

Once the bank approves your application, you will be asked to make an initial deposit. Most banks require a minimum deposit, which ranges from $0 to $500 depending on the account type and the bank. Some banks waive the minimum if you set up direct deposit.

You can fund the account by transferring money from another bank account using the account and routing numbers you provide. This is called an ACH transfer and usually takes one to three business days. Some banks offer faster funding through a debit card, which can post within hours, though you may be charged a small fee.

If you do not have another bank account or debit card, you can ask the bank about wire transfer or mobile check deposit options. Wire transfers are faster but often cost $15 to $30. Mobile check deposit (taking a photo of a check on your phone) is free but takes the same time as an ACH transfer.

When your account will be ready to use

The timeline depends on the bank and the verification method. If the bank approves your identity instantly and you fund the account by debit card, you may be able to use the account within hours. If you use an ACH transfer, expect one to three business days before the money appears and the account is fully active.

Some banks issue a temporary debit card number that you can use online immediately, even if the physical card has not arrived. Others hold the account in a pending state until the initial deposit clears. A few banks let you use the account for bill pay and transfers right away but restrict ATM withdrawals until the deposit clears.

Check your email and the bank's website or app for updates on your account status. Most banks send a confirmation email when the account is open and another when the initial deposit has been received and processed.

Choosing between different banks and account types

Different banks have different requirements, fees, and features. Some banks charge a monthly maintenance fee ($5 to $15) unless you meet certain conditions, such as keeping a minimum balance or setting up direct deposit. Others have no monthly fee at all. Compare the fee structure before you apply, because switching banks later means closing one account and opening another.

Consider whether you want a debit card, ATM access, and customer service by phone or chat. Some online-only banks have no physical branches and no ATM network, which can be inconvenient if you need to deposit cash or withdraw money in person. Others partner with ATM networks or other banks' branches to give you access.

If you are opening a business account, the bank may require you to visit a branch in person or provide additional documents such as a business license or articles of incorporation. Ask the bank before you start the application whether you can complete the entire process online.

What happens if the bank denies your application

Banks rarely deny applications for basic checking or savings accounts, but it can happen if you have a history of fraud, unpaid overdrafts, or other issues flagged in ChexSystems or Early Warning Services—two databases that banks use to check your banking history. If your application is denied, the bank will send you a letter explaining why.

You can request a copy of your ChexSystems report for free at www.chexsystems.com. If there is an error, you can dispute it. If the issue is legitimate, some banks that specialize in second-chance accounts may accept you, though they often charge higher fees or require a larger deposit.

If you were denied because of your Social Security number or identity verification, double-check that you entered your information correctly. Contact the bank to ask whether you can reapply or provide additional documentation.

Frequently Asked Questions

Do I need a Social Security number to open a bank account online?

Yes, most US banks require a Social Security number for any account. If you do not have one, some banks will accept an Individual Taxpayer Identification Number (ITIN) instead, though this is less common. Call the bank before you apply to ask whether they accept ITINs.

Can I open an account if I do not have a government ID?

Most banks require a government-issued ID such as a driver's license, passport, or state ID. If you do not have one, some banks may let you verify your identity through a video call or by visiting a branch in person. Contact the bank to ask about alternatives.

How long does it take to receive my debit card in the mail?

Debit cards usually arrive within 7 to 10 business days after the account is open. Some banks offer expedited shipping for a fee. Many banks provide a temporary card number you can use online or add to a digital wallet (Apple Pay, Google Pay) while you wait for the physical card.

What if I want to close the account after I open it?

You can close an account online, by phone, or by visiting a branch. Make sure you have withdrawn all your money and paid any outstanding fees or overdrafts. The bank will send you a confirmation. Closing an account does not affect your credit score.

Can I open multiple accounts at the same bank?

Yes, most banks let you open multiple checking and savings accounts online. You can manage them all through the same login. Some banks limit the number of savings accounts you can open in a certain time period, so check the terms before you apply.