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 typically takes 10 to 20 minutes. You'll need a government-issued ID, a Social Security number or tax ID, proof of address, and an initial deposit (which varies by bank—some have no minimum, others require $25 to $500).
Not every account type is available online. Some banks restrict certain products—like business accounts, trust accounts, or accounts for minors—to in-person opening. A few smaller banks and credit unions still require you to visit a branch or mail in documents. Before you start, check whether the specific account you want can be opened online at that institution.
The main catch: banks verify your identity during the process, and if their system can't confirm you through existing records, they may ask you to upload documents, take a video call, or complete verification by mail. This can add days to the timeline, but it's still faster than going to a branch.
Key Takeaways
- Most major banks and credit unions allow online account opening and can fund your account within one to three business days.
- You will need a government ID, Social Security number, proof of address, and usually an initial deposit to complete the process.
- If the bank cannot verify your identity automatically, you may need to upload documents, do a video call, or wait for mail verification.
- Some account types—business accounts, accounts for minors, and certain investment products—may require you to visit a branch or mail in paperwork.
- Once your account is open, you can usually start using it immediately for transfers and bill pay, though checks and debit cards arrive by mail.
What documents and information you need before you start
Have these ready before you begin: a valid government-issued photo ID (driver's license, passport, or state ID), your Social Security number or Individual Taxpayer Identification Number (ITIN), and proof of your current address. Proof of address can be a recent utility bill, lease, mortgage statement, or government mail with your name and address—usually dated within the last 60 days.
You'll also need to decide on an initial deposit amount and have a way to fund it. Most banks let you link an existing bank account and transfer money, use a debit card, or wire funds. Some credit unions accept checks mailed in. If you have no existing bank account, ask the bank whether they accept wire transfers or other methods before you start the application.
If you're opening an account for a minor, the adult will need their own ID and Social Security number, and the minor may need to be present (in person or via video) depending on the bank's rules. Business accounts typically require an Employer Identification Number (EIN) and articles of incorporation or a business license, which usually means going to a branch or mailing documents.
How the online verification process works
When you enter your personal information online, the bank runs it against databases they subscribe to—credit bureaus, the Social Security Administration, and other verification services. If the information matches and there are no red flags, you're verified instantly and can move forward. This happens in seconds for most people.
If the system can't verify you automatically, the bank will ask you to take additional steps. Common requests include uploading a photo of your ID and proof of address, taking a selfie to match against your ID photo, or answering security questions based on your credit history. Some banks offer a video call option where you speak to a person who verifies your identity in real time.
If you can't verify online, the bank may mail you a form to sign and return, or ask you to visit a branch with your documents. This adds one to two weeks to the process. A few banks will also let you complete verification by phone if you call their customer service line during business hours.
Timeline from application to using your account
If verification is instant, your account opens immediately—sometimes within minutes. You can usually start using it for bill pay and transfers to other accounts right away. However, a debit card and checkbook arrive by mail, which takes five to ten business days depending on your location.
If the bank needs additional verification, add two to five business days. If they ask you to mail documents back, add seven to fourteen days. Once your account is open, transfers from an external bank account typically take one to three business days to appear in your new account, depending on whether you're moving money between banks on the same day or across different processing cycles.
Credit unions sometimes take longer—up to five business days to open an account and another five to ten for a debit card to arrive. Some credit unions also require you to join the credit union itself before opening an account, which can add a day or two. Check the specific institution's timeline before you apply.
Which banks and credit unions offer online account opening
Most large national banks offer online opening: Chase, Bank of America, Wells Fargo, Citibank, and US Bank all allow it for standard checking and savings accounts. Online-only banks like Ally, Charles Schwab, Discover, and Marcus by Goldman Sachs were built around online opening and typically have no branch locations at all.
Many regional banks and credit unions also support online opening, though the process and requirements vary. Before you choose a bank, visit their website and look for "open an account" or "new account" to confirm they offer online opening for the account type you want. If the option isn't obvious, call their customer service line—they can tell you whether online opening is available and what the requirements are.
If you're a member of a credit union, check whether your credit union offers online opening. If not, you may be able to open an account by phone or mail, or you can visit a branch. Some credit unions partner with shared branching networks, which means you can visit another credit union's branch to complete the process in person.
What happens if verification fails or is delayed
If the bank can't verify you through automated systems, don't assume your application is denied. Most banks will contact you by email or phone with next steps. Read the message carefully—it will tell you exactly what they need and how to provide it.
Common reasons for verification delays include a name mismatch (maiden name, nickname, or spelling variation), a recent move where your address hasn't updated in databases yet, or a thin credit file if you're new to the country or have limited credit history. Providing clear, legible documents usually resolves these issues within a few days.
If you're concerned about delays, call the bank's customer service line while your application is pending. They can sometimes expedite verification or tell you what specific information is holding things up. If the bank ultimately denies your application, they're required to tell you why and give you a chance to dispute it if you believe the information is wrong.
Fees and minimum balance requirements to know about
Many banks charge no monthly fee for a basic checking account, especially if you set up direct deposit or maintain a minimum balance. Others charge $5 to $15 per month but waive the fee if you meet certain conditions—like keeping $500 on hand, receiving a paycheck deposited, or maintaining a linked savings account.
Minimum opening deposits range from zero to $500 depending on the bank and account type. Some banks have no minimum at all; others require $25 to $100 for a basic account and $500 or more for premium accounts. Online-only banks tend to have lower or no minimums. Check the bank's fee schedule and account terms before you open—this information is usually on their website under "account details" or "pricing."
Overdraft fees, ATM fees, and transfer fees vary widely. Some banks charge $25 to $35 per overdraft; others offer overdraft protection that links to a savings account or credit line. ATM fees range from free (if you use the bank's network) to $2 to $3 per out-of-network transaction. These fees add up, so compare them across banks if you plan to use ATMs frequently or think overdrafts might happen.
Frequently Asked Questions
Can I open an account if I don't have a Social Security number?
Yes. You can use an Individual Taxpayer Identification Number (ITIN) instead. Some banks accept ITINs without question; others may ask additional questions or require in-person verification. Call the bank before you apply to confirm they accept ITINs and what documents you'll need to provide.
What if I don't have proof of address?
If you recently moved or don't have a utility bill in your name, you can use other documents: a lease or rental agreement, a mortgage statement, a government benefits letter, or mail from a government agency. Some banks accept a cell phone bill or credit card statement. Call the bank to ask what they accept before you apply.
Can I open an account for someone else online?
No. The person whose name is on the account must be the one who completes the application and verifies their identity. If you're opening an account for a minor, the adult and child may both need to be involved depending on the bank's rules. For power of attorney or guardianship situations, contact the bank directly—you'll likely need to visit a branch with legal documents.
How long does it take to receive a debit card after opening an account?
Debit cards typically arrive five to ten business days after your account opens. Some banks offer expedited shipping for an extra fee. In the meantime, you can use your account number and routing number to set up bill pay or transfers, or request a temporary digital card through the bank's app if they offer one.
Can I open multiple accounts at the same bank online?
Yes. Once your first account is open, you can usually open additional accounts (savings, money market, or another checking account) through your online banking portal without going through full verification again. The process is much faster the second time—usually just a few minutes.