Open an Online Banking Account: A Step-by-Step Guide

Online banking makes it simple to manage your money. You can easily transfer your money between accounts and even pay your bills. You can probably open an online banking account through your current bank, but you can also start a brand new bank account online. Because all banks offer different types of accounts, be sure that you select the type of account that is right for you if you want to avoid excessive fees. Compare online bank accounts before you open one.

Step 1

Decide where you want to open an online bank account. If you already have a bank account and simply want to access it online, this is an easy decision. If not, look for banks that have low fees for the type of banking that you plan to do. For example, some banks will waive the fees if you maintain a certain balance.

Step 2

Visit the bank's website. Click on the link to open on online banking account.

Step 3

Click the type of account you want. You'll be able to choose between the different accounts that the bank offers. If you already have an account, you can skip this step.

Step 4

Fill out your personal details. This will include identifying information, such as your social security number. If you are opening an online account through your regular bank, they may ask for your account numbers. You will need to create a password in order to access your account. Banking sites have security measures in place to ensure that your data is safe.

Step 5

Wait for approval. You should receive an approval notice within a few minutes. However, you may also have to print, sign and mail a document into the bank before they will officially approve your account.

Step 6

Deposit money into your account. You'll likely need to make a money transfer to yourself in order to get the money into your account.