Open A Bank Account Online

How To Open A Bank Account Online

It is bizarre that one should even need to explain how to open a bank account online, but there are some things which are simply not as straight forward as you would imagine.

There are two basic issues which the banks have to deal with when you open a bank account online.  The banks need to be sure that you are who you say you are and also that you will not be using the bank account for money laundering.  These two issues have resulted in a system which is full of checks and security.  Since these are unavoidable you simply need to accept them and work within them.

So what do you need before you can open a bank account online?

Firstly you need the appropriate ID.  This is best supplied via your social security number.  Have this ready and there will probably be a place to enter it.  All checks will be done by them, however, you will need to allow them access to your information (often done through the terms and conditions).

Next you need to have proof of residency.  You may or may not be asked to confirm this by sending a copy of a utility bill in your name at your stated address.  However, be prepared to do so.

Email address.  This is essential.  Since this is going to for your personal use it is best to chooses a personal email and not to use a company one.  If you have not yet got a private email you should set this up at somewhere like gmail before you start your online account application.

Money to activate you account.  Most accounts will need to be activated with a desposit.  This will usually be done by entering a debit or credit card into the system from which the bank will take an agreed amount.

If you are opening a joint bank account you will need all of the above to your partner.

Now all you have to do if choose the most suitable of the online accounts and get typing in your details.  If you have chosen to open a bank account online then you will probably be aware of the many benefits of online banking.  Be sure to check that you are getting the best possible deal on charges and facilities before you open your account.