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How to Open a Bank Account Online

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Having a bank account makes it easier to manage your money, but taking the time to drive to a bank branch and wait in line to open an account can be a hassle. Luckily, the answer to the question, “Can you open a bank account online?” is yes.

Many banks allow you to open a bank account online, which means you won’t have to step foot in a branch. In fact, some of the best banks are online-only institutions, which means you’ll get better rates because they have lower overhead costs. Read on to learn the steps you’ll need to take to open a bank account online, which include finding the very best bank for your hard-earned money.

How to Open a Bank Account Online

If you have a computer and an internet connection you can open a savings or checking account from your couch — but you must be at least 18 to take advantage of online account opening. Note that some banks might require you to create a profile with a username and password to open an account, but some will not. Follow these steps to open a bank account online:

1. Select Your Bank

Before you open an account, you must decide which bank to use. When you’re comparing different accounts in search of the best bank account, take into consideration the following features:

Related: 5 Best Banks for No Fees

2. Gather Your Required Information

You must provide the personal information your bank requires to open your account online. You’ll likely need to submit your name, address, contact information, driver’s license or other government-issued ID, email address, birthday and Social Security number.

You might also have to provide copies of your actual documents to the bank. If you have a co-applicant, he must supply the same information. For example, if you’re applying for an account with your spouse, you both have to enter your personal information.

Explore: 6 Benefits of Getting a Joint Bank Account

3. Fund Your Account

Depending on the bank you choose, you can typically fund your account a few different ways. You can transfer money from an existing checking or savings account or pay with a credit or debit card.

To fund your new online bank account with a transfer from an existing account, you’ll need the routing number and the account number. A routing number is a nine-digit number specific to your bank. You can find both your routing number and your account number on the bottom of one of your checks, by logging into your online account or by contacting your bank. If you want to fund your new account with a credit or debit card, you can find all the information you need on the card.

Up Next: How to Find Your Bank Routing Number in Seconds

If making a trip to a brick-and-mortar bank isn’t for you, consider using your comptuer to open a bank account from the comfort of your own home.