Yes, you can open most bank accounts entirely online
Most banks and credit unions now let you open a checking or savings account from your computer or phone without visiting a branch. The process typically takes 10 to 20 minutes. You'll need a valid government ID, a Social Security number or ITIN, proof of your current address, and an initial deposit (which varies by bank—some have no minimum, others require $25 to $100).
Not every account type is available online. Some banks still require you to visit in person for certain products, like business accounts or accounts for minors under 13. A few smaller banks and credit unions only open accounts by phone or in person. But for standard personal checking and savings accounts at national banks, online opening is the standard option.
Key Takeaways
- You will need a valid ID, Social Security number, proof of address, and usually an initial deposit to open an account online.
- The entire process from start to finish typically takes 10 to 20 minutes, and your account is usually active the same day or within one business day.
- Some banks require you to verify your identity through a video call or by uploading photos of your documents; others use instant verification through third-party services.
- If you do not have a Social Security number, you can use an ITIN, but not all banks accept it—call ahead to confirm.
- Once your account opens, you can usually start using it immediately for transfers and bill pay, though debit cards and checks take 5 to 10 business days to arrive.
What documents and information you need before you start
Have these items ready before you begin: a valid government-issued photo ID (driver's license, passport, or state ID), your Social Security number or ITIN, and a document showing your current address (a recent utility bill, lease, or bank statement dated within the last 60 days). Some banks accept a phone bill or credit card statement instead.
You will also need to decide on an initial deposit amount and have a way to fund it—usually a debit card, another bank account, or a wire transfer. A few banks waive the minimum deposit entirely, while others require $25 to $100. Check the specific bank's website to see what they require before you start the application.
If you are opening an account for a minor, the rules change. Most banks require a parent or guardian to open a custodial account in person or by phone, not online. A few banks offer online custodial accounts for children 13 and older, but you will still need to verify the parent's identity.
How identity verification works online
Banks verify your identity in one of three ways. The fastest is instant verification: the bank checks your information against credit bureaus and public records in real time, and you are approved within minutes. This works for most people with an established credit history.
If instant verification fails, the bank may ask you to upload photos of your ID and proof of address. This usually takes 24 to 48 hours for a human to review. Some banks use video verification, where you video call with a representative who watches you hold up your ID and answer questions about your identity. This can happen immediately or be scheduled for later.
A few banks still require you to visit a branch or complete verification by phone. If you are opening an account at a smaller bank or credit union, check their website first to see which method they use—it will save you time.
When your account is ready to use
Once your identity is verified and your initial deposit clears, your account is active. This usually happens the same day you apply, or within one business day. You can immediately start using the account for transfers, bill pay, and direct deposit.
Your debit card and checks take longer. Debit cards typically arrive in 5 to 10 business days. Checks take 7 to 14 business days. If you need to access funds right away, use the bank's mobile app or online banking to transfer money to another account or pay bills electronically.
Some banks offer a temporary digital debit card that you can use immediately for online purchases and contactless payments while you wait for the physical card to arrive. Check your bank's app or online portal to see if this option is available.
What happens if verification fails or is delayed
If the bank cannot verify your identity instantly, they will tell you what to do next. Usually this means uploading documents or scheduling a video call. If you do not respond within a set time (typically 7 to 30 days, depending on the bank), your application may be closed and your deposit returned.
Verification can fail if your name does not match records exactly, your address is too new, or your ID is expired. If this happens, contact the bank's customer service and ask what additional documents they need. Bringing a second form of ID or a notarized statement of your address sometimes resolves the issue.
If you are denied an account, the bank is required to tell you why. Common reasons include a history of fraud, unpaid overdrafts at another bank, or a ChexSystems report (a record of banking problems). You can request a copy of your ChexSystems report for free and dispute any errors.
Opening an account without a Social Security number
If you have an ITIN (Individual Taxpayer Identification Number) but no Social Security number, some banks will open an account for you. However, not all do. Call the bank before you start the online application and confirm they accept ITINs. If they do, they will ask for your ITIN instead of a Social Security number during the application.
Credit unions are sometimes more flexible than national banks on this issue. If a major bank turns you down, try a local credit union or a bank that specializes in serving immigrants or unbanked populations.
Choosing between banks and credit unions
National banks like Chase, Bank of America, and Wells Fargo all offer online account opening. Credit unions also offer online opening, though the process varies by institution. Credit unions often have lower fees and better customer service, but they may have fewer ATMs and branches. National banks have more locations and ATMs but sometimes charge higher fees.
Online-only banks like Ally, Charles Schwab, and Chime also let you open accounts entirely online, often with no minimum deposit and no monthly fees. The trade-off is that they have no physical branches, so you cannot deposit cash or speak to someone in person.
Compare a few options before you choose. Look at monthly fees, minimum balance requirements, ATM access, and whether they offer the features you need (like overdraft protection or savings goals tools).
Frequently Asked Questions
How long does it take to open an account online?
The application itself takes 10 to 20 minutes. Identity verification can be instant, or it can take 24 to 48 hours if the bank needs to review documents. Your account is usually active within one business day of approval.
Can I open an account if I have a bad credit score?
Yes. Banks do not check your credit score when you open a checking or savings account. They check ChexSystems, which is a record of banking problems like unpaid overdrafts or fraud. A low credit score does not prevent you from opening an account.
What if I do not have proof of address?
Call the bank and ask what documents they accept. Some will take a lease, utility bill, or government letter. A few banks will accept a statement from a homeless shelter or social services agency. If you have none of these, ask whether the bank can verify your address through a video call instead.
Can I open a joint account online?
Most banks allow you to open a joint account online, but both account holders must verify their identity. The second person usually receives a link to complete their portion of the application. Some banks require both people to be present for a video call.
What if the bank asks for more information after I apply?
Check your email and the bank's app or website for messages. The bank will tell you exactly what they need and how to submit it. Respond as quickly as you can—if you do not respond within the deadline, your application may be closed.