Personal Insights

Can I Open a Bank Account Online?

If you’d like to open a bank account online, there’s good news: It’s never been more convenient.

Let’s say you’re looking to open a new bank account. In some cases, you’ll probably want to look up a nearby brick-and-mortar bank branch and meet with a banker who can provide you with valuable information about personal finance and budgeting, among other helpful financial info. That’s a fine option, and meeting with a banker in person can always be helpful. But if you’re short on time, maybe you would prefer to open a new bank account online. Open a web browser, gather some information and get started.

Given the fact that we’re all short on time, it’s no surprise that so many bank customers are interested in learning how to open a bank account online.

Why Are People Choosing to Open Online Bank Accounts?

For starters, you don’t even have to leave your house to apply for a new account. From there, you can transfer your existing funds and immediately start to take advantage of all the benefits of digital banking. Online account opening is a cinch, and chances are, it can make your life easier and improve your financial habits.

How Can You Open a Bank Account Online?

Let’s take a quick look at the steps.

1. Decide what you want from a bank. With so many options available in the world of digital banking, start by asking what you want from a bank. Whether you want to use your online bank account for day-to-day purchases and bill paying, or to help you stay on top of your savings goals, there are options to meet your needs.
2. Time to apply! Once you’ve figured out what kind of online bank account you want, it’s time to apply. You’ll just need to have your personal information handy—including your email address, Social Security number and a form of ID like a driver’s license—and enter it into the online application. This can usually all be done in just a few minutes.

Easing Your Financial Life

It’s not only easy to sign up for an online account—it can also make your financial life easier going forward. All you have to do is transfer funds from your previous bank account, and you can set up automatic bill paying, link to peer-to-peer payment methods in order to pay back your friends after a night out and so much more.

You can also keep track of all your withdrawals and deposits in real time. This is a helpful way to track your spending and savings goals so that you can focus on your financial health.

Three Things to Do

1. Apply for an online bank account with Regions today.
2. Read more about opening an account online.
3. Learn about how to avoid paying bank fees.