How To Open an Online Checking Account in 3 Easy Steps

In 2022, 78% of U.S. adults prefer to bank via a web or mobile app. Online banking allows you to do many things without going to the bank. One of those things is opening a checking account. We’ll show you how to do it in three simple steps. No more waiting in lines or filling out forms by hand—just easy digital banking!

Benefits of Opening an Online Checking Account

• Easy to use: It’s easy to manage your money online. You can do it from anywhere, anytime, without waiting in lines.
• Always available: With online banking, your money is always at your fingertips. You can check your balance, pay bills, or move money around whenever necessary, even at night.

• Costs less: Online banks usually charge fewer fees than regular banks. That means you get to keep more of your money instead of paying it out in fees.
• Makes more money: Some online accounts pay you interest, which can add up over time and help you reach your goals faster.
• Keeps your money safe: Online banks use special tools to keep your account secure. They’re constantly on the lookout to safeguard your funds against any potential risks.
• Works well with other apps: Your online account can easily connect with different apps or services to manage your money, making everything smoother.
• Helps the planet: Choosing paperless banking means less paper waste, which is better for the environment. It’s a small way to make a big difference.
• Easy to start: You don’t need to go anywhere to open an online account. You can do everything from your computer or phone without leaving the house.

Three Simple Steps To Open an Online Checking Account

Step 1: Choose a bank

Before you open an online checking account, take a moment to think about what matters most to you. Do you want a bank with low fees? Maybe you’re all about stellar customer service. Whatever it is, list what you’re looking for in a bank.

Once you’ve established your priorities, it’s time to hit the Internet and start browsing. Google is your friend here. Look up different banks and check out their websites. Pay attention to monthly fees, interest rates, and any cool features they offer. You might even want to read reviews to see what others think.

Now, compare your options. Make a little chart or list to keep track of all the banks you’re interested in. Write down the pros and cons of each one so you can see which bank comes out on top. And don’t forget to check if any special deals or promotions are going on.

One of the most common options is SoFi. SoFi offers a fee-free online bank account and a seamless online application process. Just head to their site, fill out the application, and verify your identity—it’s that easy! Plus, new customers can enjoy a S250 bonus.

Finally, trust your gut and go with the bank that feels right for you. After all, you’ll be using this checking account daily, so choosing a bank that makes you feel comfortable and confident is crucial. Once you’ve decided, it’s time to move on to the next step and start filling out that application.

Step 2: Complete the application

The application will ask for your name, where you live, your Social Security number (your code that

proves who you are to the bank), and where you work. It’s all about giving the bank the correct information so they can set up your account correctly.

Remember to take your time and read everything carefully. You’ll also need to pick the type of checking account you want. If you’re not sure about something, don’t hesitate to ask for help! It’s okay to get a bit of guidance along the way.

Once you’ve filled in all the details and made your choices, it’s time to click that submit button! Just like that, your part is done. The bank will review your application and get things rolling.

Step 3: Verify your identity

Once you’ve filled out the application, the bank must ensure it’s you. This part is vital for safety reasons. They might ask questions to confirm your identity, like your mother’s maiden name or the street you grew up on. These questions are things that only you should know.

Sometimes, they need to see documents to prove who you are. They could ask for a photo of your driver’s license or passport. Don’t worry. This is just to make sure everything is secure. It’s like showing your ID when you go to the bank in person.

If you’re asked to provide documents, you can usually upload them right from your computer or phone. It’s a quick and easy process. Your account will be ready once the bank has checked everything and confirmed that you’re you. You’ll get an email or message letting you know everything is set up and how to use your new online checking account.

While it might seem like an extra step, verifying your identity is critical; it helps keep your account safe and ensures no one else can access your money.

Plus, once it’s done, you can enjoy all the benefits of an online checking account without worries.

Opening an online checking account is easy and handy. It helps you handle your money well no matter where you are. Just follow these three steps, and you’re on your way to being in control of your money and enjoying the perks of digital banking.