How to Open a Checking Account Online in 5 Steps

Choose the account, gather personal information, apply, fund your account and finish the setup.
Spencer Tierney
By Spencer Tierney 
Published
Edited by Sara Clarke

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Knowing how to open a checking account online can give you the push to join a new bank or credit union. The application process can take just a few minutes if there are no hitches. And the benefits can be many: lower or fewer fees, new services and more perks. Here's how to get started.

1. Choose the checking account

Fees, features and ways to access your money can vary by checking account. Whether you open an account with an online-only bank or with a brick-and-mortar bank via its digital platform, compare costs and features ahead of time.

» Learn more about how to choose a bank

Fees

Watch out for monthly fees, overdraft fees and ATM fees. Find a checking account that either has no monthly fees or waives them with a minimum balance or other requirement. If your account balance tends to be low, be familiar with any overdraft fees, which can be more than $30 at some banks. Lastly, if you rely on getting cash out from your account, confirm that the bank provides free access to a convenient ATM network.

Some checking account features are standard, such as bill pay, direct deposit and ATM access. Some newer checking features include early direct deposit, fast transfers through Zelle, and fee-free overdraft coverage. Extra perks can include no foreign transaction or ATM fees on debit cards, budgeting tools and even cash-back rewards. Despite being called checking accounts, paper checks (and check writing) are not a guaranteed feature, so confirm they’re available if you need them.

In addition, while most banks have federally insured accounts through the Federal Deposit Insurance Corp., it doesn’t hurt to double-check the bank website for FDIC insurance. Credit unions have equivalent insurance through the National Credit Union Administration. Some online accounts are offered by nonbank tech companies, known as neobanks, which often partner with banks to offer FDIC-insured accounts.

Debit cards, ATM networks, online transfers and mobile check deposits are common ways to access your money in a checking account, but more traditional (and expensive) wire transfers aren’t always available. If you go with an online-only bank, remember there are trade-offs: no branches and sometimes no cash deposits. There can be workarounds to deposit cash at an online bank.

🤓Nerdy Tip

Not all banks offer joint checking accounts or business checking accounts, so if you need one of those, start your search for those types of accounts.

2. Gather your personal information

You’ll generally need some documentation to open a checking account online, and for joint accounts, you’ll need the second person’s information too. Details can include:

  • Social Security number or, for noncitizens, a different identification number.

  • Government-issued ID, such as a driver’s license or passport.

  • Proof of address, such as through a utility bill or bank account statement. If your current address is on your primary ID, that may count.

  • Routing and account numbers to another bank account (or debit card) you own. To open an account online, you generally need to be able to fund it via online transfer from an external bank account. (If you’ve never had a bank account, here’s our guide to getting started.)

» Don’t have an SSN? Learn how noncitizens can get bank accounts

Discover® Bank logo
Learn More

Member FDIC

Discover® Cashback Debit

Discover® Bank logo
APY

N/A

Monthly fee

$0

Chase logo
Learn More

Member FDIC

Chase Total Checking®

Chase logo
APY

N/A

Monthly fee

$12

Chime® logo
Learn More

Deposits are FDIC Insured

Chime Checking Account

Chime® logo
APY

N/A

Monthly fee

$0

3. Fill out and submit the application

Applying to a new bank requires you to provide personal information. Using a secure internet connection, provide the details asked for on the application, which can include:

  • Full legal name.

  • Date of birth.

  • U.S. address.

  • Contact information, such as phone number and email address.

  • Information from the documents you previously gathered in Step 2, such as your ID and external bank account and routing numbers.

You might also need to sign a document, such as a signature card, as a way to confirm that you’re the account owner.

If a bank can’t confirm your identity or needs additional information, you may need to send documentation beyond the application, such as via email. Or, in the case of brick-and-mortar banks, you may have to visit a branch.

4. Fund your account

Banks typically require a minimum opening deposit, such as $25 or $100, though some banks have no minimum. A minimum opening deposit isn't the same thing as a minimum balance requirement, which is usually the amount you need to keep in a bank account to avoid a monthly fee, if applicable. Funding the account tends to involve an online transfer, though other ways may be allowed, such as by check.

Regardless of whether there’s a minimum opening requirement, you need to fund the account fairly soon after opening, such as within a month or two, to prevent the account from being closed.

5. Finish setting up the account

Unlike when you open a savings account or a CD, a checking account has more moving parts to set up. Here’s a quick list from A to Z:

  • Automatic bill payments: Don’t forget to transition any automatic bill payments and subscriptions from your previous checking account, if applicable. Learn more about online bill pay.

  • Automatic transfers: To send money between your accounts at different banks, you can link them. Learn more about external bank transfers.

  • Checks: Request to have the bank mail a checkbook, if available, and if you need one.

  • Debit card: You’ll have to wait for your debit card to be mailed, which can occur within one or two weeks of the account opening.

  • Direct deposits: If you receive income via direct deposit, you’ll need to set that up.

  • Mobile app: Install the bank’s app, if you haven’t already, and save your login details in a safe place. Some banks let you sign in with a scan of your fingerprint or face.

  • Overdraft settings: Think hard about what services are available — and what they cost — for covering transactions that would otherwise lead to a negative account balance.

  • Transaction alerts: These text or email notifications are optional, but they can help you spot when your checking balance is low or an unauthorized debit card purchase goes through.

  • Zelle: The fast and typically free money transfer service Zelle is integrated into many bank apps. If your bank partners with Zelle, you can link your email or phone number to use Zelle for sending money online to friends or family within minutes. If not, you can typically link your checking account or debit card to other peer-to-peer apps for a similar service.

Frequently asked questions

Yes, banks and credit unions generally let you open checking accounts online. However, there can be instances where you need to provide more information to confirm your identity offline, such as via email or, if applicable, at a branch.

Generally, the process is similar, and checking accounts work the same at either kind of financial institution. Banks have FDIC insurance while credit unions have the equivalent insurance through the NCUA. Credit unions require membership and have eligibility requirements, which can range from geographic restrictions to a one-time $5 donation to a specific nonprofit. You generally need to open a savings account to establish membership, in addition to other accounts you want to open. Learn more about credit unions.

Generally, no. Banks may do a soft credit inquiry to check credit information to confirm your identity, but that shouldn’t affect your credit. However, some banks may factor in your credit report when determining your eligibility for an account. If you have difficulty opening a checking account, consider a second chance checking account or learn more about ChexSystems.

Generally, no. Closing a bank account doesn’t usually hurt your credit.

Generally, the minimum age to open a bank account on your own is 18 years old. However, you can open an account, such as a joint account, as a minor with a parent or guardian. Learn more about how to choose a teen checking account.

Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.