6 Easiest Bank Accounts To Open Online

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Bank accounts have become a necessity in life for almost everyone. They give you a way to get paid for the work that you do and a way to pay your bills quickly and conveniently. Nonetheless, opening a bank account online to more conveniently manage your money can be a hassle at some institutions. 

For quicker and easier access to your money, some banks have simplified the process of opening an account. Whether it’s a checking account, a CD account or another type of deposit account, it’s always good to know where you can find easy bank accounts to open. 

6 Easy Bank Accounts To Open Online

In the past, opening an account required multiple time-consuming steps. You had to find time in your day to travel to a bank. Once there, forms had to be filled out and manually approved, which often took days or weeks. Luckily, you now have much easier access. 

Here are some options for the easiest accounts to open online:

1. Chime®
2. Capital One
3. Revolut
4. Current
5. Wise
6. Majority

Keep reading to learn more about opening an account online with these financial institutions. 

1. Chime

Chime* is a financial app that offers online-only account access. It ranks as one of the easiest accounts to open online because Chime requires no credit check and no minimum balance. Chime accounts are fairly basic, and probably not the best option for someone who needs a lot of advanced features. However, if you are looking for a simple account that includes a Chime Visa® Debit Card¹ and free in-network ATM withdrawals², then it is a good option. 

To open a Chime account, you will need to provide the company with your full name, date of birth, address and Social Security number.  

2. Capital One

Capital One offers a basic 360 Checking account with no minimum requirements and no fees. You can use any of Capital One’s 70,000 ATMs without paying any fees, and add cash to your checking account at any CVS location.

The application process is simple and can be done online. You must provide two documents of identification and proof of address. 

3. Revolut

Revolut offers standard banking features like direct deposit and savings accounts. You can transfer money between foreign accounts 10 times within a month for free. You can also exchange currency, up to $1,000 a month. 

The Revolut account takes minutes to open from your phone, so you can have your account online in a flash. Be prepared to supply basic identifying information like your full name, date of birth and address. 

4. Current

Current offers low fees and an intuitive mobile banking app. However, it does not offer wire transfers or international transfers, and you cannot have a joint account. This means it may not be the right option for people who want a lot of flexibility. 

Nevertheless, it’s a solid choice for people who are just starting out or for parents who want to get a bank account for their teenagers. It only takes a few minutes to apply for a Current account. You will need to provide your address and Social Security number.  

5. Wise

Wise is a good choice if you often make or receive international payments. You can do this all conveniently online, and it also offers money transfers and the option to have a Mastercard debit card. Keep in mind that monthly fees may apply, depending on your usage.

To sign up for a Wise multi-currency account online, you will need to provide a selfie of yourself holding a form of photo ID as well as proof of address. The account takes minutes to apply for, and up to two business days to verify. 

6. Majority

Majority is a banking platform that offers multilingual support, making it perfect for people who would like banking assistance in languages other than English. The Majority app also has international calling options and fairly low fees on money transfers. As a bonus, Majority account holders can access their paycheck up to two days early. 

You can open an account easily on your phone by providing basic information like your Social Security number and proof of address.

Final Take To GO

Opening a bank account often feels like a headache waiting to happen. But that doesn’t have to be the case. Some online banks and brick-and-mortar banks have adapted to the technology of today, making it less complicated and faster than ever to open a bank account. 

Caitlyn Moorhead contributed to the reporting for this article.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

*Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.

¹ Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A., Members FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

² Out-of-network ATM withdrawal and over the counter advance fees may apply. See here for details.

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