To set up a bank account online, find banks that allow online applications for bank accounts, such as Bank of America, U.S. Bank, Citibank and HSBC. You can opt for either a checking or a savings account. Some banks offer instant decision for checking account applications.Continue Reading
As a U.S. citizen, provide all the necessary information that the bank requests. First, select your state as a bank's services, fees and policies vary from one state to another. For U.S. Bank, Bank of America and Citibank, you must be U.S. citizen or an alien resident and 18 years or older. You must have a social security number, a U.S. address, and a driver's license or I.D. HSBC allows non-U.S. citizens to open a bank account outside the U.S or inside the U.S. Applicants need to contact an HSBC representative through 716-841-7542 for assistance.
All banks are required by federal law to collect and verify applicant's information to prevent fraud and money laundering. Approval times vary from one bank to another and depend on whether you provided all the necessary information. Users can begin using their online accounts immediately after approval. Adhering to the policies of a particular bank helps to avoid account limitations.Learn more about Personal Banking