Once you’ve decided which bank you want to use, it’s time to fill out your application online. If you’re under 18, you may need a guardian to co-sign the account. The application process will vary from bank to bank. But all banks are required to verify your identity.5 So it’s helpful to have the following things handy:
- Your driver’s license, passport or other government-issued ID card
- Social Security number or Individual Taxpayer Identification Number (ITIN)
- A blank check, debit card or credit card to make that first deposit
And you’ll usually need an email address, mailing address and a phone number. Once you have that ready, here’s how to open a bank account online:
- Go to the bank’s website. Stay safe! Any time you’re entering personal information online, take extra care. Find the link to "open an account." (Scroll down the homepage to the site map if you’re having trouble finding the link.)
- Choose the type of account you want. Most banks let you compare different kinds of accounts to help you decide. Do you want an individual account or do you want to open a joint account online? Do you want things like overdraft protection and the ability to earn interest? From checking and savings accounts to CDs and IRAs, there are many types of accounts you can open online.
- Fill out an application. Next, you’ll enter all of your personal information. You might also set up your username and password and create security questions to help protect your account.
- Agree to let the bank collect some information. Sometimes, submitting your application will automatically begin the approval process, but some banks might ask you to review disclosures and privacy policies first. In some cases you’ll have to answer a few legal questions then check a box that lets the bank collect information about you and your credit.
- Check the approval process. Some banks will tell you if you’re approved right away, while others might take a bit longer. You can always sign in later to check on the status of your application or call the bank if you have questions. If you’re not approved, you might have to go into the branch to finish the process.
- Make your first deposit. Once you’re approved, you’ll want to put some money in your new account. You can do this from another account online or over the phone. If it’s your first account, you may need to do this step in person with cash or a check.
With your account set up, you’re all ready to begin banking online! Depending on the account and its features, you may be able to write checks, pay bills with your bank account online, set up direct deposit and more right away. And remember: Always keep your username and password in a safe place where no one can find it.
Down the road, you may wonder "Can I close a bank account online?" You can, but each bank handles it a bit differently. Gather your account information, then check your bank’s policy on its website. Or call or stop by if you’d prefer to discuss it in person.6
Banking today brings lots of choices, including the ability to get a whole lot done from the comfort of your home. From opening an account to paying bills, online banking was built for convenience–yours.
Of course, there will always be hoops to jump through, but making things simpler while safeguarding your money is what online banking is all about.
FAQs
You can open a bank account online with Capital One. Just grab two forms of ID (such as a driver's license, Social Security card, passport or birth certificate) and proof of address, then apply online right from your phone, tablet or computer. Which Capital One bank account is right for me?
How do I get $350 from Capital One checking? ›
What is the offer? Earn a $350 bonus after opening a new 360 Checking account and receive at least two qualifying direct deposits of $250 each within 75 days of opening your account. Your deposit must be “externally sourced funds,” meaning they come from a source not affiliated with Capital One.
Can I open a bank account online without going to the bank? ›
You can apply for most checking accounts online if you're 18 or older by going to the bank's website and filling out the application. The application will ask for basic information about yourself as well as submitting some documents for verification.
How much money is required to open a Capital One checking account? ›
Initial deposit requirement – There is no minimum deposit required. You can open the account with any amount you wish.
Is it safe to use Capital One Online Banking? ›
Are online banks safe? Capital One works hard to keep you and your money secure and protected against fraud. All of Capital One's bank accounts provide online banking capabilities. Your account is also insured by the FDIC up to allowable limits.
What bank allows you to open an account online? ›
You can open a checking account online or in-person at a Wells Fargo branch. You must be 18 or older to apply online. 17 and under must open at a branch.
What is the Capital One $300 bonus? ›
One of the best $300 credit card bonus offers is given by the Capital One Savor Cash Rewards Credit Card *. You can get this bonus by spending $3,000 in the first 3 months of account opening. In addition, this card offers 1 - 5% cash back on purchases. The card's annual fee is $95.
How to get $200 with Capital One? ›
For example, the Capital One Quicksilver card offers a one-time $200 cash bonus to a new cardholder who makes $500 in purchases within three months of the account being opened. Beyond that, the holder of a Quicksilver card can collect unlimited 1.5% cash back on every purchase.
Is Capital One 360 checking account good? ›
Both banks offer comparable checking features, but Capital One's 360 Checking pays a higher interest rate on checking balances. Capital One 360 Savings also outperforms Chase's savings accounts. Capital One pays a much higher interest rate and requires no minimum balance or monthly fees.
Which bank account can be opened online instantly? ›
HDFC Bank's InstaAccount journey is a fully digital, no contact process that helps you open a savings account. Be it our Regular Savings Account or our premium SavingsMax account, open it instantly from the comfort of your home.
Summary: Easiest Bank Accounts To Open in 2024
| Account | Approximate time to complete application | Minimum opening deposit |
|---|
| SoFi Checking and Savings Account: Best for Member Perks | 1 to 3 minutes | $0 |
| Wise: Best for Non-Residents | 1 to 3 minutes | $0 |
| Chime® Checking Account: Best for Bad Credit | 3 to 4 minutes | $0 |
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Don't worry—while it can be more difficult, it is not impossible to get approved for a new bank account with bad credit. A bad credit score is considered a VantageScore® of 600 or lower and a FICO® score of 670 or lower.
Do I get a debit card with Capital One 360 checking? ›
As a new 360 Checking customer, you'll receive a debit card when you open your first account. If you open an account online, your debit card will be shipped to the mailing address on your account via USPS in about 7-10 business days in a discreet envelope.
What documents do I need to open a bank account at Capital One? ›
What's required to open a checking account is probably right at your fingertips. If you open it in person, you'll likely need two forms of ID (such as a driver's license, Social Security card, passport or birth certificate) and proof of address (by way of a utility bill, mortgage statement, lease or similar document).
How do I open a capital account online? ›
Quick steps to complete and eSign Open Capital Account Online Application Form online:
- Use Get Form or simply click on the template preview to open it in the editor.
- Start completing the fillable fields and carefully type in required information.
Capital Gains account can be opened by making an application in duplicate in Form A. Documents such as PAN, proof of address, and a photograph would be required. The deposit can be made by any mode, such as cash, cheque, demand draft etc.
Is there a difference between Capital One and Capital One 360? ›
Both banks offer comparable checking features, but Capital One's 360 Checking pays a higher interest rate on checking balances.
