The process of opening a bank account online needs basic information such as your email address, a checking or savings account from a different bank. With just a few things, you can open a bank account online in as fast as thirty minutes. While it is easy to open a bank account online, it is important to prepare a few things ahead of time.
While it is not necessary to have a local savings or checking account, it would be more convenient to link your local account with your online account to speed up the transfer of funds process. Have a blank check or savings deposit check ready with your bank account information and your bank’s information. You need this to inform your online bank how to transfer funds to and from your local bank.
Furthermore, you should also provide basic data like telephone number, email address, mailing address and SSN. The SSN is needed by the online bank for IRS purposes. Remember that banks vary and in order to regulate money, a routing number as well as your account number is required. The routing number can be found on every document your bank prints for internal or external use. Savings deposits, personal checks, cashier’s checks and money orders have routing numbers printed on them.