Opening a bank account online can be a relatively straightforward process, but there are certain steps you’ll need to take in order to successfully complete the process. So, if you have been wondering, “Can I make a bank account online?”, here are the steps involved in opening an account online.
1. Registering for a bank account online
Registering for a bank account online is easy. It will only take a few minutes, and you don’t need to visit the bank or go to the bank’s office.
All you have to do is visit the bank’s website and click on “Open an Account.” This will take you through several steps that ask questions about your personal information and history with banking, such as how long it has been since your last financial institution closed, what kinds of deposits or withdrawals you make most often, where you live, etc.
2. Selecting the type of account
Once you have chosen the bank and the type of account you wish to open, it is time to choose the specifics. As per SoFi’s experts, “You will have to answer a series of questions aimed at determining how much money you want to deposit when you want to make deposits or withdrawals and whether you want any optional services such as checks or debit cards.”
3. Depositing funds into the account
You can deposit funds in your bank account online as well, but this method is not very safe. In order to do it online, you need to fill up a few details like your name, address and other personal information that could be used by others so they can try and scam you. Instead of going through all these difficulties, I would suggest you visit your local branch and deposit cash directly into your own account using a cash deposit machine or by giving them a physical cheque for the transfer of money from one bank account to another within no time at all.
4. Using the bank’s mobile app to check the balance
To check the balance in your account, you can use the mobile app provided by your bank. This will allow you to do everything from depositing and withdrawing money to finding out how much money is in your account at any given time.
As long as you have downloaded the bank’s app on your phone, all it takes is logging into it to see what’s going on with your account.
If there are no deposits or withdrawals made via branch or ATM machines within 90 days of opening a new account (or if there are no transactions made for 180 days), banks have to send a notice letting their customers know about this fact—and about how they can get back online if their accounts become dormant.
5. Contacting Customer Support
If you are having any trouble with your account, there is a customer support team available 24/7. You can contact them at any time by phone, email or live chat.
If you have an actual problem with your bank account (for example, if a fraudulent transaction has been made), contact the bank right away so that they can help you. If you can’t do anything about the fraud but you want to make sure that no more money is stolen from your account, then tell the bank about what has happened and ask for advice on how to prevent this from happening in the future.
If you are keen to open a bank account online, then you can go through the process in the above five steps.
