Yes, you can open a bank account entirely online, and most major banks and credit unions now offer this option
You do not need to visit a branch. Most banks let you start an account from your computer or phone, fund it immediately, and begin using it within hours. The process typically takes 10 to 20 minutes. You will need a government-issued ID, a Social Security number or tax ID, proof of address (usually a recent utility bill or lease), and an initial deposit—though some banks waive the minimum.
The catch is that some banks still require an in-person visit for certain account types, and a few still ask you to mail documents. But the majority of online banks and the digital arms of traditional banks (like Chase Online, Bank of America Online, or Ally Bank) complete the entire process without you ever stepping into a physical location.
Key Takeaways
- Online accounts open in 10 to 20 minutes using your ID, Social Security number, and proof of address—no branch visit required.
- Most online banks fund your account immediately and issue a debit card within 5 to 10 business days.
- Some banks require an in-person visit or mailed documents for certain account types, so check the specific bank's requirements before you start.
- You will need an initial deposit, though many banks have waived minimums or allow deposits as low as $1.
- Online-only banks often charge lower fees and offer higher interest rates than traditional banks, but they have no physical branches for cash deposits.
What you need to open an online account
Have these items ready before you begin: a government-issued photo ID (driver's license, passport, or state ID), your Social Security number or Individual Taxpayer Identification Number (ITIN), proof of your current address (a utility bill, lease, or mortgage statement dated within the last 60 days), and an initial deposit method. Most banks accept transfers from another bank account, a debit card, or a wire transfer.
Some banks also ask for your employment information and annual income, though this is optional on many applications. If you do not have a Social Security number, some banks accept an ITIN or a passport number instead, but options are more limited. Check the specific bank's requirements before you start—they vary.
How the online account opening process works
You visit the bank's website or app, click "Open an Account," and fill out a form with your personal information. The bank verifies your identity using the details you provide—some use third-party verification services that cross-check your ID against public records. This step usually takes a few minutes.
Next, you choose your account type (checking, savings, or both) and agree to the terms. You then fund the account by linking another bank account, entering a debit card number, or arranging a wire transfer. Most banks deposit funds within one to three business days, though some online-only banks credit transfers instantly.
Once your account is open and funded, you receive a temporary debit card number (often digital, usable immediately in your app) and a permanent card by mail within 5 to 10 business days. You can set up direct deposit, bill pay, and transfers right away.
Banks and credit unions that open accounts fully online
Major national banks with full online account opening include Chase, Bank of America, Wells Fargo, and Citibank. Credit unions like Alliant Credit Union, Pentagon Federal Credit Union, and many local credit unions also offer online opening. Online-only banks—Ally Bank, Charles Schwab Bank, Discover Bank, and LendingClub—operate entirely without branches and often have lower fees and higher savings rates.
Each has different minimum deposit requirements, fee structures, and interest rates. Some waive monthly maintenance fees if you maintain a minimum balance or set up direct deposit. Compare a few before you choose—the difference in fees and interest can add up over time.
When you might still need to visit a branch or mail documents
A small number of banks still require an in-person visit for certain account types, particularly business accounts, trust accounts, or accounts for minors. Some credit unions require membership verification in person before opening an account. A few banks ask you to mail a copy of your ID and proof of address instead of uploading digital copies.
If you cannot verify your identity online—for example, if your ID is expired or your address does not match public records—the bank may ask you to visit a branch or mail documents. This can add one to two weeks to the process. Always check the bank's website for its specific requirements before you begin.
Funding your new online account
Most banks let you fund your account immediately using a linked bank account, debit card, or wire transfer. Transfers from another bank account typically clear within one to three business days. Debit card deposits are usually instant or clear within 24 hours. Wire transfers are fastest—they often post the same day.
Some online banks charge a fee for wire transfers or require a minimum deposit amount. Others waive fees if you set up a recurring transfer or direct deposit. Check the bank's fee schedule before you fund—it is usually listed on the account opening page.
What happens after your account opens
You can use your account immediately for transfers, bill pay, and peer-to-peer payments through apps like Zelle or Venmo. Your debit card arrives by mail in 5 to 10 business days. Until it arrives, most banks issue a temporary digital card number in your app that works for online purchases and contactless payments.
If you need to deposit cash, online-only banks are a problem—they have no branches. Traditional banks and credit unions with branches let you deposit cash at any of their locations. Some online banks partner with ATM networks or allow you to deposit checks by photographing them through the app.
Frequently Asked Questions
How long does it take to open an online account?
The application itself takes 10 to 20 minutes. Identity verification is usually instant or takes a few hours. Your account is typically ready to use the same day, though your physical debit card arrives by mail in 5 to 10 business days.
Do I need a minimum deposit to open an account?
Many banks have waived minimum deposit requirements or allow deposits as low as $1. Some still require $25 to $100. Check the specific bank's requirements—they are listed on the account opening page.
Can I deposit cash into an online bank account?
Online-only banks have no branches, so you cannot deposit cash directly. Some partner with ATM networks or allow mobile check deposits. Traditional banks and credit unions with branches let you deposit cash at any location.
What if the bank cannot verify my identity online?
The bank will contact you and ask you to visit a branch, mail documents, or provide additional information. This can add one to two weeks. You can call the bank's customer service to ask what documents they need before you start the process.
Can I open an account if I do not have a Social Security number?
Some banks accept an ITIN or passport number instead. Options are limited, so call the bank before you apply. Credit unions sometimes have more flexibility than national banks.