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 verify your identity — typically a phone number or email address the bank can reach you at.

Not every account type is available online. Some banks still require you to visit in person for certain products, like business accounts or accounts for minors under 13. But for a standard personal checking or savings account, online opening is the norm now, not the exception.

Key Takeaways

  • Most banks and credit unions let you open checking and savings accounts online in 10 to 20 minutes using your ID and Social Security number.
  • You'll need to verify your identity during the process, usually through a phone call, text message, or email confirmation.
  • Some banks fund your account when ready; others wait for a small deposit you make from another account to confirm you own it.
  • Online-only banks (like Chime, Ally, or Charles Schwab) typically have fewer fees and lower minimum balances than traditional banks.
  • If you don't have an ID or Social Security number, some credit unions and banks have workarounds, but the process takes longer and may require a visit.

What you need to have ready before you start

Gather these items before you begin: a government-issued photo ID (driver's license, passport, or state ID card), your Social Security number, and your phone number or email address. Have your current address ready too — the bank will ask for it during verification.

If you're opening the account from a phone, make sure you have a working camera so you can photograph your ID. Most banks scan it as part of the identity check. If you're on a computer, some banks let you upload a photo file instead.

If you have a job, you may want your employer's name and address handy, though most banks don't require it. If you're self-employed or have no income, you can still open an account — banks don't ask for proof of income during the online process.

How the identity verification step works

After you enter your personal information, the bank verifies who you are. The method depends on the bank. Some use knowledge-based verification — they ask you questions only you would know the answer to, like details from your credit report or past addresses. Others use phone verification, calling or texting a code to your phone that you enter on the website. A few use video verification, where you show your ID to a person on a live chat.

This step usually takes a few minutes. If the bank can't verify you automatically, it may ask you to upload additional documents — a utility bill, lease, or bank statement showing your name and address. This can add a day or two to the process.

If you fail verification multiple times, call the bank's customer service line. Sometimes a representative can verify you manually over the phone, or they can tell you what documents to mail in.

When your account is ready to use

Some banks set up your account the same day you open it. Others wait for you to make a small deposit from another bank account — usually $0.01 to $1 — to confirm you own that account. This is called microdeposit verification and typically takes one to three business days.

Once your account is active, you can use your debit card (if one is issued when ready) or set up transfers from another account. Some banks mail your debit card, which takes five to ten business days. Others let you use a temporary digital card in your phone's wallet right away.

If you need cash before your card arrives, you can usually withdraw from ATMs in the bank's network using your account number and PIN, or you can transfer money to another account you already have.

Online-only banks versus traditional banks with branches

Online-only banks like Chime, Ally, Charles Schwab, and Discover typically have no monthly fees, no minimum balance requirements, and higher interest rates on savings accounts. They have no physical branches, so you manage everything through an app or website. If you need to deposit cash, you can use partner ATMs or mobile check deposit.

Traditional banks with branches (Bank of America, Wells Fargo, Chase, your local credit union) let you open online but also let you visit a branch if you need help. Many charge monthly fees unless you keep a minimum balance or set up direct deposit. Interest rates on savings are usually lower than online-only banks.

The choice depends on what you need. If you rarely use cash and want low fees, an online-only bank works well. If you like having a physical location to visit or need to deposit cash regularly, a traditional bank or credit union may be better.

What happens if you don't have an ID or Social Security number

If you don't have a government-issued ID, some credit unions will open an account for you in person with alternative documents — a passport, consular ID, or tribal ID. A few banks do this too, but it's less common. You'll need to visit a branch.

If you don't have a Social Security number, you may be able to use an Individual Taxpayer Identification Number (ITIN) instead. Not all banks accept ITINs, so call ahead before you visit. Credit unions are often more flexible on this than large banks.

If you have neither an ID nor an ITIN, opening an account becomes much harder. Some community banks and credit unions will work with you, but they almost always require an in-person visit and may ask for additional documents like a lease or utility bill.

Common reasons your online process gets rejected

Banks decline online applications for a few main reasons. The most common is that identity verification fails — the bank can't confirm who you are through automated checks. This usually means you need to provide additional documents or call customer service.

Another reason is a mismatch between the information you entered and what's in the bank's records or credit bureaus. If your name, address, or date of birth doesn't match exactly, the system may reject you. Double-check your spelling before you submit.

Some banks also decline applications if you have a history of unpaid bank fees or fraud. You can ask the bank why you were declined — they're required to tell you — and sometimes you can reapply after a waiting period or visit a branch in person.

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 for most people. Your account may be active the same day, or within one to three business days if the bank uses microdeposit verification. Getting a physical debit card takes five to ten business days.

Do I need a minimum deposit to open an account online?

Most online banks have no minimum deposit requirement. Some traditional banks require $25 to $100 to open, but many waive this if you set up direct deposit. Check the bank's website before you start — it will say whether a deposit is required.

Can I open an account if I'm under 18?

Most banks let you open a savings account online at any age, but checking accounts for minors under 13 usually require a parent or guardian to visit a branch in person. Teenagers 13 and older can often open accounts online with a parent's consent. Check your bank's policy.

What if I don't have a phone number or email address?

You need at least one of these to verify your identity and receive account information. If you don't have either, you'll need to open an account in person at a branch. Many libraries and community centers offer free phone numbers or email addresses if you need one.

Can I open multiple accounts at the same bank online?

Yes. Once your first account is open and verified, you can usually open additional accounts (checking, savings, money market) through the same login without going through the full verification process again.