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 usually takes 10 to 20 minutes. You'll need a valid ID, a Social Security number or tax ID, proof of your current address, and an initial deposit (which varies by bank—some have no minimum, others require $25 to $500).

Not every account type is available online. Some banks still require you to visit in person for certain products, like business accounts, trust accounts, or accounts for minors under 13. If you're opening an account for a child, check the bank's website first—many have a separate process that involves a parent or guardian visiting a branch or mailing in signed documents.

Online-only banks (sometimes called neobanks) like Chime, Ally, and Charles Schwab operate entirely through apps and websites. Traditional banks like Chase, Bank of America, and Wells Fargo also offer full online account opening. Credit unions vary—some allow it, others require at least one in-person visit. Call or check the website of the specific institution you're interested in.

Key Takeaways

  • You will need a valid government-issued ID, Social Security number, proof of address, and usually an initial deposit to open an account online.
  • The entire process typically takes 10 to 20 minutes and happens on your computer or phone without visiting a branch.
  • Some account types—business accounts, accounts for children under 13, and certain specialty products—may still require an in-person visit or mailed documents.
  • Online-only banks and traditional banks both offer online account opening, but credit unions vary, so you should confirm with your chosen institution first.

What documents and information you'll need to provide

Have these items ready before you start the online application. You'll need a valid government-issued ID—a driver's license, passport, state ID card, or military ID. The bank will ask for your name, date of birth, and ID number exactly as they appear on the document.

You'll also need your Social Security number (or Individual Taxpayer Identification Number if you don't have an SSN). The bank uses this to check your identity and to report interest earned on the account to the IRS. Have your current address ready—a recent utility bill, lease, mortgage statement, or government mail works as proof. Some banks accept a driver's license as proof of address if it's current.

Most banks require an initial deposit to fund the account. This can range from $0 to $500 depending on the bank and account type. You can usually transfer money from another bank account using your routing and account number, or deposit a check by photographing it with your phone (mobile deposit). Some banks mail you a debit card before you can make deposits, so read the instructions carefully.

How the online verification process works

After you enter your personal information, the bank runs a background check using your ID, Social Security number, and address. This typically takes seconds to a few minutes. The bank is checking three things: that you are who you say you are, that you haven't opened too many accounts recently (which can signal fraud), and whether you have unpaid fees or negative balances at other banks.

Some banks use knowledge-based authentication—they ask you questions only you would know the answer to, like "Which of these addresses have you lived at?" or "What was the name of your first pet?" based on public records. This step usually takes less than a minute and happens immediately after you submit your application.

A few banks may ask you to verify your identity by uploading a photo of your ID or taking a selfie. If the bank needs additional information, it will tell you during the application. Most approvals happen instantly, but some banks take up to one business day. You'll receive an email or text confirming your account number and next steps.

When you might need to visit a branch instead

If you're opening an account for a child under 13, most banks require a parent or guardian to be present in person or to sign and mail documents. Some banks have a workaround: one parent opens an account online, then visits a branch to add the child as an authorized user. Check your bank's website under "accounts for minors" to see which option applies.

Business accounts, nonprofit accounts, and trust accounts almost always require an in-person visit. The bank needs to verify the business structure, see ownership documents, and sometimes meet the person who will be signing checks. If you're opening a business account, call ahead to ask what documents to bring—requirements vary widely.

If the bank's automated verification system cannot confirm your identity, it will ask you to visit a branch or mail in additional documents like a notarized ID copy. This is rare but can happen if you have a very common name, a recent address change, or if your credit file has errors. The bank will explain what to do next in an email or phone call.

How long it takes from application to using your account

Most online account openings are approved within minutes. You'll receive your account number immediately and can set up direct deposit, bill pay, and transfers right away. However, you may not be able to use your debit card or withdraw money until the bank mails you the card and you activate it—this usually takes 5 to 10 business days.

Some online-only banks issue a temporary debit card number instantly so you can make purchases or withdraw cash at ATMs while you wait for the physical card. Others let you transfer money out of the account before the card arrives. Check the bank's website or the confirmation email to see what you can do immediately and what requires the physical card.

If you need to deposit a check, most banks let you photograph it with the mobile app and deposit it electronically (mobile deposit) within minutes. The funds usually appear in your account within one to two business days. If you need cash immediately, you can transfer money from another account you own, or visit an ATM if the bank is part of a network like Allpoint or MoneyPass.

Fees and minimums to watch for

Many banks charge no monthly fee for basic checking and savings accounts opened online. However, some charge a monthly maintenance fee ($5 to $15) unless you meet certain conditions—like keeping a minimum balance, setting up direct deposit, or maintaining a certain number of debit card transactions per month. Read the fee schedule before you finish the application.

Overdraft fees are common if you spend more than you have in your account. These typically range from $25 to $35 per overdraft. Some banks offer overdraft protection, which links your checking account to a savings account or line of credit so transfers happen automatically if you go negative. Others let you opt out of overdraft coverage entirely, which means transactions will simply be declined if you don't have enough funds.

Minimum balance requirements vary. Some banks have no minimum at all. Others require $100 to $500 to keep the account open or to earn interest on savings. If you fall below the minimum, you may be charged a fee or the account may be closed. Check the account details page before opening to see what applies to the specific account you're choosing.

Security and fraud protection when opening online

Banks use encryption to protect the information you send during the online application. Your data travels through a secure connection (look for "https" and a lock icon in your browser address bar). However, the security of your account also depends on the password you create—use a strong password with uppercase and lowercase letters, numbers, and symbols, and do not reuse it from other websites.

Once your account is open, the bank's fraud protection covers unauthorized transactions made with your debit card or through online banking. If someone uses your card or account number without permission, you can dispute the transaction. Most banks refund fraudulent charges within one to three business days if you report them quickly. Federal law limits your liability to $50 if you report fraud within 60 days of the statement date.

Protect yourself by not opening an account on a public Wi-Fi network—use your home internet or mobile data instead. Do not share your login credentials, account number, or Social Security number with anyone. Banks will never ask for this information via email or text. If you receive an email claiming to be from your bank asking you to verify your account, do not click the link—call the bank's customer service number on the back of your card or on the bank's official website instead.

Frequently Asked Questions

Can I open a bank account online if I don't have a Social Security number?

Yes. If you have an Individual Taxpayer Identification Number (ITIN) issued by the IRS, you can use that instead. Some banks also accept a passport number or state ID number. Call the bank before you apply to confirm what forms of identification they accept if you don't have an SSN.

What happens if my online application is denied?

Banks deny applications for a few reasons: identity verification failed, you have unpaid fees or negative balances at other banks, or ChexSystems (a banking history report) shows a problem. The bank will send you a letter explaining why. You can dispute errors on your ChexSystems report or try applying at a different bank that has less strict requirements.

Can I open multiple accounts at the same bank online?

Yes. Once your first account is open, you can usually open additional checking or savings accounts through your online banking portal without going through the full verification process again. Some banks limit the number of accounts you can open in a short time period to prevent fraud.

Do I need to make a deposit right away, or can I fund the account later?

This depends on the bank. Some banks require an initial deposit before the account is activated. Others let you open the account first and deposit money within a certain timeframe (usually 30 days) to keep it open. Check the bank's terms before you apply—the confirmation email will also tell you if a deposit is required and by when.

Can I open an account online if I'm not a U.S. citizen?

Yes, but requirements vary. You'll need a valid ID (passport or state ID), a Social Security number or ITIN, and proof of a U.S. address. Some banks are stricter about verifying immigration status. If you're having trouble, try an online-only bank or a credit union, as they sometimes have more flexible requirements.