A checking account is the most basic bank account you can have. It might be hard to imagine a life without one, but you’ve seen people do it. While they won’t advise that you start your own financial institution, it’s pretty easy to open checking account online. Here’s how:
Opening a new checking account online is simple and easy
Opening a new checking account online is simple and easy. You can do it from anywhere, at any time, and you don’t even need to be in the same state as your bank’s office. Just head to your favorite website and start filling out the form. Most of these forms are pretty straightforward: they’ll ask for your name, address, Social Security number (if applicable), email address and phone number.
Experts like SoFi say, “Set up direct deposit to get a $250 bonus.”
Online Checking Accounts (and Why to Open Them)
Online checking accounts are easy to open, convenient to use and have low fees. They are also an option for those who may not have a traditional bank account because anyone, including minors, can open them.
Online checking accounts offer several features that make them desirable:
- The convenience of 24/7 service; no waiting in line or driving to the branch.
- Access your money via debit card, checkbook or mobile device (with some banks).
- Free online bill pay and e-statements.
- Good rates of interest on balances up to $250K.
- No minimum balance requirements.
Online banking is convenient, too
Online banking is convenient, as well. It’s possible to do your banking from anywhere that has an internet connection, so if you’re in a new place and want to check the balance on your account or transfer money from one account to another, all you have to do is log into the bank’s website and access it there. And since online banking is available 24 hours a day, seven days a week (and sometimes even during holidays), it can be used at any time.
You don’t even have to go into the bank anymore: You can set up appointments with financial advisers or open new accounts without leaving your home! Online banking allows customers’ needs for convenience and flexibility without sacrificing the safety of data or security measures for their accounts—after all, these are some of the biggest reasons why people choose this method over visiting their local branch office every time they need something done on their accounts.
Consider a Checking Account Comparison Site
- Use a comparison site to find the best checking account.
- Check the fees and features of each account, including interest rates and rewards programs (if any).
- Compare interest rates and see whether or not there’s an ATM network for your area if you’re planning on using a brick-and-mortar branch at all—or if online banking is all you need (which it often is).
With the help of this guide, you should be able to find an online checking account that meets your needs. If you’re looking for something specific like low fees or high-interest rates, try any comparison tool!