Q:

How do you open an online checking account?

A:

Quick Answer

To open an online checking account, visit the bank's website and follow the prompts to open a new account. Select the type of checking account, and complete the form by providing identification information such as date of birth and a Social Security number or other government-issued identification number.

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Full Answer

In addition to personal identification information, a new account holder should provide a physical address and phone number along with initial deposit information such as the routing and account numbers of another bank account or debit and credit card numbers. A new account holder must make an initial deposit to open and use an online checking account.

Depending on account management policies, banks typically accept an electronic signature or require new account holders to visit a local bank branch to sign the application form. Banks may also send the documents by mail or email and request that the account holder sign the paperwork and mail or fax it back.

Those with poor or limited credit history should visit a local bank branch to open a checking account. Before accepting online bank account applications, banks typically check the applicant's credit history and may deny first-time account holders or those with a history of overdrawn accounts. Some banks provide specific types of checking accounts for those who want to restore or build credit history, but they might require applicants to appear in person to discuss these kinds of checking account options.

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