Yes, you can open most types of 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. You'll need a valid ID, a Social Security number or tax ID, proof of your current address, and a way to fund the account—usually a debit card or bank transfer. The whole process typically takes 10 to 20 minutes, and your account can be active the same day or within one business day.
Not every bank offers online account opening, and some have restrictions based on where you live or your age. Online-only banks (sometimes called neobanks) almost always let you open accounts online. Traditional banks with physical branches usually do too, though a few still require you to visit in person or call a representative. Credit unions vary widely—some have full online opening, others require a phone call or in-person visit.
Key Takeaways
- You will need a valid government ID, Social Security number, proof of address, and a funding source before you start the online application.
- The application takes 10 to 20 minutes and your account is usually active the same day or within one business day.
- Online-only banks almost always allow full online opening; traditional banks usually do but may have restrictions by state or age.
- Some banks require a minimum opening deposit, while others let you open with zero dollars and fund it later.
What documents and information you need to have ready
Before you start, gather a valid government-issued ID—a driver's license, passport, or state ID card. You'll also need your Social Security number (or ITIN if you don't have an SSN). Have your current address on hand; the bank will ask for it and may verify it against public records or a utility bill.
You'll need a way to fund the account. Most banks accept a debit card from another bank, a transfer from an existing bank account, or a wire transfer. Some let you mail in a check, but that takes longer. A few banks let you open with zero dollars and fund it later, though this is less common. Check the bank's website before you start to see what funding methods they accept.
How the online application actually works
Go to the bank's website or download their app and look for "Open an Account" or "Sign Up." You'll enter your personal information: name, date of birth, address, phone number, email, and Social Security number. The bank runs a background check through ChexSystems or Early Warning Services—these are databases that track banking history and fraud. This check is instant and does not affect your credit score.
Next, you'll verify your identity. Some banks use a video call where you show your ID to a representative. Others use an automated system that scans your ID and compares it to your face. A few ask you to answer security questions based on your credit history. Once identity verification passes, you'll choose your account type (checking, savings, or both), set up online banking login credentials, and link a funding source.
The bank then transfers money from your linked account—usually $25 to $100, though some require more and some require nothing. This transfer confirms you own the account you're linking from. Your new account is usually active immediately or within one business day. You can start using it to receive direct deposits or make transfers right away.
Situations where you may not be able to open online
If you're under 18, most banks require a parent or guardian to co-sign, and this usually means going to a branch in person or doing a video call with a representative. Some banks have a separate teen account product you can open online with parental consent, but not all do.
If you have a history of fraud or unpaid overdrafts reported in ChexSystems, some banks will deny your application automatically. Others will let you open but with restrictions like no overdraft protection. If you're denied, you can request your ChexSystems report for free and dispute any errors.
If you don't have a Social Security number, some banks accept an ITIN (Individual Taxpayer Identification Number). Others will not open accounts for non-citizens without an SSN. A few banks specialize in accounts for people without SSNs—these are usually credit unions or community banks, and they may require in-person opening.
Some states have restrictions on which banks can operate there. If you live in a state where a particular bank is not licensed, you won't be able to open an account with them online, even if they operate in most other states.
Comparing online banks, traditional banks, and credit unions
| Type | Online Opening | Speed | Minimum Deposit | When to Choose |
|---|---|---|---|---|
| Online-only bank | Always | Same day to 1 day | Usually $0–$25 | You want low fees and don't need a physical branch |
| Traditional bank with branches | Usually, with some restrictions | Same day to 1 day | Varies; often $100–$500 | You want a branch nearby and don't mind higher fees |
| Credit union | Sometimes; varies by union | 1–3 days | Usually $25–$100 | You want lower fees and are a member or can join |
What happens after your account opens
Your account is live, but you won't have a debit card yet. Most banks mail a card within 7 to 10 business days. Until it arrives, you can use your account number and routing number to receive direct deposits or make transfers. Some banks let you request a temporary digital card in their app that you can use immediately for online purchases or contactless payments on your phone.
Log into your online banking portal or app and set up additional security: a strong password, two-factor authentication (usually a code sent to your phone), and security questions. Review the account terms, fee schedule, and overdraft policy. If the bank offers overdraft protection, decide whether you want it—it lets the bank cover overdrafts for a fee, or it can link to another account to prevent overdrafts entirely.
If you need to deposit cash or checks, find out how. Online-only banks usually don't have branches, so you'll need to use ATMs, mobile check deposit (photograph the check in the app), or transfers from other accounts. Traditional banks and credit unions let you deposit at their branches or ATMs.
Frequently Asked Questions
How long does it take to open an account online?
The application itself takes 10 to 20 minutes. Identity verification is instant or takes a few minutes. Your account is usually active the same day or within one business day. A debit card arrives by mail in 7 to 10 business days, but you can use your account before the card arrives.
Do I need a minimum deposit to open an account?
It depends on the bank. Online-only banks often let you open with $0 or a small amount like $25. Traditional banks and credit unions usually require $100 to $500. Check the bank's website before you start the application to see their requirement.
What if the bank denies my application?
Banks usually deny applications because of ChexSystems history (fraud or unpaid overdrafts), being underage without a co-signer, or not having an SSN or ITIN. If you're denied, ask the bank why. You can request your ChexSystems report free at chexsystems.com and dispute errors. Some banks specialize in second-chance accounts for people with banking history issues.
Can I open an account if I don't have a Social Security number?
Most banks require an SSN or ITIN. Some credit unions and community banks accept an ITIN from non-citizens. A few banks have accounts for people without either, but they're rare. Call ahead or check the bank's website to confirm they accept your ID type before you apply.
Is opening an account online as secure as opening in person?
Yes. Online applications use encryption and identity verification (video, ID scan, or security questions) to confirm you are who you say you are. Banks are required by law to verify identity the same way whether you open online or in person. The main difference is you don't hand over physical documents.