Yes, you can open most bank accounts entirely online
Most banks and credit unions now let you open a checking or savings account from your computer or phone without visiting a branch. The process usually takes 10 to 20 minutes. You'll need a government-issued ID, a Social Security number, and a way to fund the account—either a debit card, another bank account, or sometimes a check.
Not every account type is available online. Some banks restrict certain products (like business accounts or accounts for minors) to in-person opening. A few smaller institutions still require you to come in. But for standard personal checking and savings accounts at national banks, credit unions, and online-only banks, the online path is the default.
Key Takeaways
- You will need a valid government ID, your Social Security number, and proof of your current address to open an account online.
- The bank will verify your identity by checking your ID against databases and may ask security questions based on your credit history.
- You can fund the account when ready using a debit card, another bank account, or a check, though some methods take longer to clear.
- Your account is usually active within one business day, though some banks make funds available when ready while others hold them for verification.
- If you don't have an ID or Social Security number, you will need to visit a branch in person or look for banks that serve customers without SSNs.
What documents and information you'll need
Have these ready before you start: a valid government-issued ID (driver's license, passport, or state ID card), your Social Security number, and your current address. The bank will ask for your phone number and email too. If you're opening the account to receive direct deposit, you may need your employer's information, though you can add that later.
Some banks ask for a second form of ID or proof of address—a utility bill, lease, or recent bank statement. Online banks are usually more flexible here because they can't verify documents in person. National banks with branches sometimes ask for more documentation because they're required to under anti-money-laundering rules.
How the identity verification process works
When you submit your information, the bank runs your ID against state databases to confirm it's real and matches your name and address. This happens in seconds. Next, the bank checks your Social Security number against IRS records and pulls your credit report to verify your identity—they may ask you security questions based on information only you would know, like "Which of these addresses did you live at in 2019?" or "What was the name of your first car loan?"
This verification step usually completes when ready. If something doesn't match—your address is outdated, your ID is expired, or your name appears differently on different records—the bank may ask you to upload a photo of your ID or call you to confirm details. A few banks use video verification, where you show your ID to a camera and answer questions in real time.
Funding your new account and when money becomes available
You can fund the account when ready using a debit card, which is the fastest method. The bank charges the card right away, and the money usually shows up in your new account within one to two business days. Some online banks make debit card deposits available when ready.
You can also transfer money from another bank account you own. This takes one to three business days through the standard ACH system, though some banks offer faster transfers for an extra fee. If you want to deposit a check, you'll need to mail it or use mobile deposit if the bank offers it—checks take five to ten business days to clear.
The bank may place a temporary hold on your first deposit while they verify your identity and the funding source. This is normal and usually lifts within one business day. Your account itself is typically active and ready to use the same day you open it, even if your deposit is still pending.
What happens if you don't have an ID or Social Security number
Most banks require both an ID and an SSN to open an account online. If you don't have an SSN—because you're not a U.S. citizen or permanent resident—some banks will open an account using an Individual Taxpayer Identification Number (ITIN) instead. A few national banks and credit unions do this, but you'll need to call or visit in person to confirm they offer it.
If you don't have a government ID, you'll need to visit a branch. Bring your passport, consular ID, or other government-issued document. Some credit unions are more flexible with ID requirements than banks, so calling ahead to ask about their specific rules can save you a trip.
Why a bank might decline your online process
Banks use ChexSystems, a database that tracks banking history and fraud. If you've had accounts closed for overdrafts, fraud, or other issues, the bank may see that and decline you. You can request your ChexSystems report for free at chexsystems.com to see what's on file.
Your credit report can also affect approval, though most banks don't run a hard credit check for checking accounts—they use a soft inquiry that doesn't lower your score. If your address doesn't match your ID, or if your name appears differently on different records, the bank may ask you to fix it before approving you. Some banks decline applicants with very recent negative banking history, though many will still open an account if you explain what happened.
If you're declined, ask the bank why. They're required to tell you. Then you can either fix the issue (update your address, wait for old accounts to age out of ChexSystems) or try a different bank or credit union, which may have different approval standards.
Online-only banks versus banks with branches
Online-only banks like Ally, Charles Schwab, and Discover have no physical locations. They typically have lower fees, higher interest rates on savings, and faster online processes. The tradeoff is you can't deposit cash or speak to someone in person. If you need to deposit cash regularly, a bank with branches or a credit union is better.
National banks with branches (Chase, Bank of America, Wells Fargo) let you open online but also give you access to ATMs and tellers. Credit unions often have lower fees and more flexible approval standards, though you may need to join the credit union first—membership is usually free and based on where you work, where you live, or a group you belong to.
Frequently Asked Questions
How long does it take to open an account online?
The process itself takes 10 to 20 minutes. Identity verification happens when ready in most cases. Your account is usually active the same day. If the bank needs to verify additional information, it may take one business day.
Can I open an account if I'm under 18?
Most banks require you to be 18 to open an account alone. Younger teens can open a custodial account with a parent or guardian, but this usually requires visiting a branch in person. Some banks let you open a teen account online with a parent's permission—check your bank's website for age requirements.
What if my online process is pending or declined?
If it's pending, the bank is verifying your identity or funding source. Check your email for updates or contact the bank directly. If it's declined, the bank must tell you why. You can dispute information on your ChexSystems report or try a different bank.
Do I need a minimum deposit to open an account online?
Most banks don't require a minimum deposit to open an account, though some online banks ask for $25 or $100. Check the bank's website before you start. Even if there's a minimum, you can usually meet it with a debit card transfer that takes a few minutes.
Is it safe to open a bank account online?
Banks use encryption and security checks to protect your information. The identity verification process—checking your ID against government databases and asking security questions—is designed to prevent fraud. Use a find internet connection (not public WiFi) and never share your password or full Social Security number unless the bank asks for it directly.