Like so many financial services nowadays banking is less and less tied to a physical place of business. The online revolution has made it incredibly easy to interact online with service providers, and millennials in particular are really engaging online whenever they need to do business with a financial provider. In any case, most people go months or even years without setting foot in their local bank branch. You are probably managing most of your banking transactions online, using your bank’s digital banking facilities for monitoring your balance and electronic transfers. So why not consider an online checking account? Note that online-only banks often offer a better deal simply because they don’t have to maintain a branch and this saves the bank a huge amount of money. In turn, this money comes your way in the shape of higher deposit interest rates or reduced costs, including lower ATM fees.
Many Americans are choosing online banking as the preferred way to manage their finances, and an online checking account is straight forward and easy to set up. Switching to an online checking account can earn you more in interest and reduce your costs.
Read on to discover how to set up an online checking account, how to do so without a deposit and how to instantly open an online checking account if you are in a real hurry.
We will also explain how you can open an account without a deposit, and what the interest rates are for online checking accounts. Finally, did you know you can pay for goods and services online with just your checking account number?
In this article:
Yes, it is really easy to open a checking account on the internet. You can open an online checking account with a first-class bank without ever setting foot in a bank branch. Some of the top institutions that let you open an account online include Capital One, with a no-fee checking account as well as Wells Fargo where you can open a Wells Fargo Everyday Checking account online.
In this article we will outline what you need to do to open a checking account online, and what documentary and other requirements you need to meet. We will cover some of the different types of online checking accounts, and also compare the differences between online-only banks such as Ally and conventional US banks such as Bank of America.
Opening a brand-new checking account online is almost instantaneous. You just need ten minutes of your time to fill out an application form, with many providers offering instant approval. Some banks even instantly issue your debit card too, you just need to give it a few days to arrive in the mail.
Read our article to find out which banks offers the quickest way to open a checking account online, and where you can get an instant debit card. We will also explain what you need to get ready to make sure your application for a checking account is instantly approved.
Do you regularly carry a large balance in your checking account? You should open an online checking account with a bank that provides a solid interest rate so that you can earn something back on your balance. In this article we discuss how online checking account interest rates work and highlight some of the banks providing top interest rates.
Overdraft interest rates for checking accounts is also an important factor, many account holders occasionally dip into an overdraft. Make sure you don’t get charged too much when you are overdrawn by reading our guide to interest rates on online checking accounts.
Open an account with the wrong provider and your online checking account can cost you. Read our article to discover which banks provide free online checking accounts, and which online checking accounts have the lowest transaction fees.
Many checking accounts require a minimum deposit when you open your account, but some banks allow you to open a checking account without offering an initial deposit. This guide also explains how you can open an online checking account without an up-front deposit.
Applying for a checking account online can be confusing. In this article we will explain which steps you need to take to successfully apply for a checking account online. Read on to find out which documents you need, including the typical requirements for identification.
We will also outline how you need to go about deciding what type of account you want to open, and how to choose the right bank for you. Finally, this article also explains how to improve your chance of successfully applying and how to make an initial deposit, if required.
Did you know you can buy online with just your checking account details? Lots of online stores let you pay with your checking account, no need for a debit card or a credit card. This option is great if you don’t already have a debit card, or prefer not paying with a card.
In this article we explain how you can pay with your checking account number. We also list some of the top online stores that are great choices for paying with a checking account number.
Do you operate your own business? You can open a business checking account online, it is really easy. Read our article to discover which banks offer online business checking accounts, and how to open an account online.
We also explain what business documents you will need to open your business checking account, what the costs are for online business checking accounts and which banks offer the best services for businesses.