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How do you open a bank account online?

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Quick Answer

Opening a bank account online requires providing the bank with identification, determining the type of account that you want and funding the new account once it has been approved. There are government rules regarding identity verification that govern the opening of all bank accounts, according to Ally.com.

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Full Answer

To open a new bank account online, visit the website of a bank that allows for online account creation and follow the onscreen prompts. Ally bank is an online only bank that has no physical bank branches. To open an account, visit the website and choose either a savings or checking account. The page that follows will give you information about the benefits of the account you have chosen. Select the option to open an account and fill in the online form.

You will be requested to verify your identity when you open a new account. The identity verification is a matter of law and takes the form of confirming your social security number and providing your legal name and address. In some cases the bank may ask you to scan and email a copy of your driver's license or government issued identification card, according to Ally bank. An online account can be funded in a number of ways, including direct deposit or wire transfer. In the case of Ally bank, there is an app that can be used with your smart phone that allows you to deposit checks after taking a photo of them.

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