Easiest Bank Account to Open Online

Find bank accounts you can open online with no minimum balances and credit checks. Choose from over 10 top choices like Chime, Capital One, and more.

Are you discouraged by the complex requirements and lengthy procedures of opening a bank account?

Thankfully, you can now apply online with many banks that don't ask a lot from new customers.

Time to explore 11 bank accounts where you can save time, effort, and perhaps some money.

Member FDIC

Online Checking Account - Earn Cash Back

• 1% cash back on up to $3,000 in debit card purchases each month. See website for details
• No fees
• Early Pay - Get your paycheck up to two days early with no charge
• No credit impact - You can apply without affecting your credit score.
• Access to over 60,000 no-fee ATMs in the U.S.

Apply Now

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Member FDIC

Rewards Checking - Up to 3.30% APY

• Build your own APY with up to 3.30% APY*
• Zero monthly maintenance fees
• Zero overdraft or NSF fees
• Zero minimum monthly balance reqs
• No initial deposit requirement
• Unlimited domestic ATM fee reimbursements
• Online debit card management
• Simple, 3-step process for direct deposit

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Member FDIC

High Interest Checking - Up to 1.10% APY

• Earn up to 1.10% APY
• $100 minimum opening deposit
• APY is based on the account balance and making at least 10 qualifying debit card point-of-sale transactions of $10.00 or more per statement cycle.

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Member FDIC

Key Smart Checking® - $300 Bonus

Earn $300 after qualified activities until 05.16.25 with the no-monthly-maintenance-fee Key Smart Checking®.

• Open a Key Smart Checking® account online by May 16, 2025.
• Make the minimum opening deposit of $10, plus one single eligible direct deposit of at least $1,000 within the first 60 days of account opening.
• Your $300 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.

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Expires 5/16/2025

Rewards Checking Plus - Up to 2% Cash Back

• Up to 2% cash back on purchases.
• No monthly fees
• Get paid up to 2 days early.
• Maximize your rewards with direct deposit.

Upgrade is a financial technology company, not a bank. Checking and savings accounts provided by Cross River Bank, Member FDIC.

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Member FDIC

eChecking

• Open your eChecking account with as little as $100
• No monthly fees. No overdraft fees.
• Up to $30 in bank ATM fees reimbursed per month
• Transfer, pay and purchase via mobile with Zelle®, Bill Pay, Samsung Pay and Apple Pay
• Deposit checks and make unlimited withdrawal and disbursements with the CIT Bank mobile app

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Chime: Easiest to open overall

Chime is a fintech company that has gained popularity since it began in 2013. And for good reason.

You can open an account online in under two minutes without a credit check. You don't even have to put in money right away to activate it.

Once you're signed up, you might want to opt for their SpotMe service. It's overdraft protection for up to $200, free of charge if you make a monthly direct deposit of at least $200.^[1]

Plus, you can withdraw using your Chime-issued Visa debit card at more than 50,000 fee-free ATMs. Use the ATM finder feature in your Chime mobile banking app and get your cash at no extra cost.

How to open a Chime account online

• Website: To begin, provide your name and email address here.

• Mobile app: Download the Chime mobile app for IOS or Android. Click Apply Now and follow the succeeding steps.

Current: Best for no deposit

Current is another fintech company focusing on mobile lifestyles, offering many modern features.

From its quick online process to its transparent fee structure and budgeting tools, you can have a more efficient banking experience. The best part: you won't be pressured to fund your account immediately after opening.

With Current, you can get your paychecks up to two days faster than with other banks. But keep in mind that the actual timing can vary depending on when the payer submits the deposits.

Aside from quicker paydays, there are no monthly, or hidden fees. Plus, you can qualify for fee-free overdrafts, by receiving $500 or more in qualifying deposits.^[2] It also has built-in Savings pods, where you can even earn a competitive bonus rate on your money.

Build Credit While You Bank

• Get Paid Up to 2 Days Faster
• Build credit and earn points with every swipe
• 40,000 fee-free Allpoint ATMs in the U.S.
• No credit check, minimum balance or hidden fees

Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC.

Click Here to Sign Up

How to open a Current account online

• Website: Enter your mobile number here to begin the process.

• Mobile app: Download the Current mobile app for IOS or Android. Enter your mobile number and follow the succeeding steps.

Capital One: Best for no credit check

Many people hold the belief that banking shouldn't come at a cost. Capital One has embraced this idea by offering new customers a more welcoming banking experience.

Capital One opens its doors even if you've faced financial challenges or had a "checkered past" (pun intended). They don't run a ChexSystems report or conduct hard credit checks, giving you another shot to make good with your finances.

When you open their 360 Checking Account, you are not required to deposit upfront. There are no monthly or non-sufficient fund fees to worry about. You also get your first batch of checks for free.

You can access over 70,000 ATMs fee-free, including those from Capital One, Moneypass, and Allpoint. Select Capital One ATMs even offer cardless transactions, allowing you to use the ATM without a physical card.^[3]

How to open a Capital One account online

• Website: To begin, confirm if you are applying as a new or existing account holder here.

• Mobile app: Accessible for existing account holders only.

Synchrony: Best for savings

Are you looking for a good place to earn some interest for your money without the hassle?

Synchrony Bank's High Yield Savings offers a competitive 4.10% APY. At the same time, you pay zero monthly fees, so you get to enjoy your earnings.

You can withdraw your money with your ATM card at any Plus and Accel ATM for free. If you withdraw domestically from an ATM outside these networks, up to $5 in fees will be refunded monthly.^[4]

While you don't need to meet balance requirements to earn interest, you shouldn't keep it empty for long either. Synchrony will automatically close your account if it sits empty for over 60 days. So keep at least a dollar in the account for it to stay active.

How to open a Synchrony account online

• Website: To begin, provide your basic personal information and SSN here.

• Mobile app: Accessible for existing account holders only.

TD Bank: Easiest big bank to open

TD Bank is one of the few big national banks with a simplified online account opening process. A bank specialist can even guide you over the phone if you need help.

TD Bank's Essential Banking is the easiest account to open. It does not allow you to write checks and doesn't permit overdrafts.^[5] These safeguards prevent you from overspending, so approval will be easier.

However, this account does have a low monthly service fee of $4.95, that can't be waived. But it's quite affordable compared to other banks, and you'll have no monthly maintenance fee if you're between 13 and 17.^[6]

Additionally, TD has incorporated Zelle into its online and mobile platforms. This feature lets you conveniently send money for free to friends with just their email or mobile number.

How to open a TD account online

• Website: To begin, choose a TD bank account here and click Open Account button.

• Mobile app: Accessible for existing account holders only.

If you do have a good banking history, you can check out TD's other checking accounts. And for more budget-friendly options, read on the best free checking accounts.

Revolut: Easiest all-in-one account

Revolut is a well-known neobank based in the UK whose popularity has reached U.S. soil with its game-changing product offerings.

Beyond being a combined mobile checking and savings account, the Revolut account offers features like early direct deposits, premium travel perks, and finance tracking tools.

Revolut also provides lots of international benefits that would be good for global citizens. You can send money to friends & family in 25+ foreign currencies and up to $1,000 of free currency exchange per month.^[7]

While it has a free option, two paid plans unlock most of its online banking perks. A Metal plan user, for example, will have up to $1,200 fees waived for out-of-network ATMs per month.^[8] That means you can practically withdraw at any ATM for free.

How to open a Revolut account online

• Website: You can only open an account via the Revolut mobile app.

• Mobile app: Download the Revolut mobile app for IOS or Android. Enter your mobile number and follow the succeeding steps.

Majority: Easiest for newcomers

Majority is a finance app designed for migrants and non-U.S. citizens who may not meet the document requirements of regular banks.

Aside from enhanced banking functions like early direct deposits, you can use your Majority debit card to pay bills by authorizing your biller to deduct the amount from your account.

Although it has a monthly membership fee of $5.99/month, it is minimal, considering the additional benefits provided.^[9] This may be an advantage if you have ties outside the U.S.

When you send money abroad, you get the following perks:

• No transfer fee
  
• No foreign transaction fee
  
• No-fee mobile top-ups

However, an exchange rate margin will be applied, generally resulting in lower conversion amounts than market rates.

Furthermore, the Majority app offers an international calling feature, connecting you with family and relatives overseas. This service is free to over 20 countries, including Australia, Canada, and Mexico, while offering low international call rates for other countries.^[10]

How to open a Majority account online

• Website: Enter your mobile number here to begin the process.

• Mobile app: Download the Majority mobile app for IOS or Android. Enter your mobile number and follow the succeeding steps.

Wise: Easiest for non-residents

Want to open an account even if you don't live in the US?

Wise is an excellent option that caters to not only non-U.S. residents, but also almost any nationality.

With a Wise debit card, you can send and receive payments in over 50 currencies at more affordable exchange rates than others.^[11]

Wise uses a peer-to-peer system to make free international transfers using their platform. Routing money locally reduces lead time and costs associated with wire transfers.

What's more, Wise offers a business account, allowing you to pay invoices, purchase inventory, and manage payroll.

Transfer Money Online

Click Here to Transfer Money Online

How to open a Wise account online

• Website: Enter your email address here to begin the process.

• Mobile app: Download the Wise mobile app for IOS or Android. Click Register, enter your email address, and follow the succeeding steps.

Ally Bank: Best Digital Tools

Ally Bank, an online-only bank, makes opening an account quick and effortless in just five minutes. Best of all, you can do it from anywhere through their user-friendly website.

One of Ally's standout offerings is their high-yield savings account, renowned for its competitive APY. Getting started is even easier with no opening deposit or minimum balance requirements, and you won't encounter any monthly fees.

With an Ally savings account, you'll also discover smart tools that make saving easier. These include buckets, which work like digital piggybanks, and boosters like recurring transfers, round-ups, etc to boost your funds effortlessly.

How to open an Ally Bank account online

• Website: To begin, confirm if you are applying as a new or existing account holder here.

• Mobile app: Accessible for existing account holders only.

SoFi Bank: Best for Checking and Savings

SoFi functions as both a digital finance company and an online bank. One of their most popular products is a combined checking and savings account that you can open with just a few clicks, making money management even more convenient.

Although the accounts are bundled, they offer different rates. You can earn 4.00% APY on savings balances with direct deposit (1.20% APY without) and 0.50% APY on checking balances.

However, to get the best interest rate on your SoFi Savings, you need to either:

• Set up direct deposits
  
• Deposit at least $5,000 every 30 days

Aside from that, you can enjoy fantastic perks like getting your paycheck early with direct deposit and accessing over 55,000 Allpoint ATMs worldwide with your SoFi Checking debit card.

How to open a SoFi Bank account online

• Website: Get started by creating your login info here.

• Mobile app: Scan the QR here to download the SoFi app. Tap the Get Started button, select the Checking and Savings product, and follow the succeeding steps.

Discover® Bank: Best for Rewards

Discover makes managing your money a breeze with their online-only banking. You can easily open an account through their website or mobile app, giving you quick access to their attractive checking and savings options.

If you're looking to get more from your daily purchases, check out the Discover Cashback Debit. Though it does not offer interest, it stands out by giving you 1% cashback on up to $3,000 in purchases each month. See website for details

Additionally, this account is as free as it gets: no monthly fees, no minimum balance requirement, and no overdraft fees. It's a convenient way to manage your money while earning rewards.

Member FDIC

Online Checking Account - Earn Cash Back

• 1% cash back on up to $3,000 in debit card purchases each month. See website for details
• No fees
• Early Pay - Get your paycheck up to two days early with no charge
• No credit impact - You can apply without affecting your credit score.
• Access to over 60,000 no-fee ATMs in the U.S.

Click Here to Apply Now

How to open a Discover Bank account online

• Website: Enter your full name, email address, and mobile number here to get started.

• Mobile app: Download the Discover mobile app for iOS or Android. Click Apply Now and follow the succeeding steps.

How To Open A Bank Account Online

Here's how you open an account online with most banks:

1. Select your desired account type.
   
2. Gather your documents, such as your SSN or any valid ID.
   
3. Complete the online application by providing your personal details, like name, date of birth, and address.
   
4. Deposit funds into your newly opened account.

What Are The Reasons For Being Denied A Bank Account?

The reasons you may be denied a bank account include:

• Too many overdrafts and NSFs in other bank accounts
  
• Negative balances in other bank accounts
  
• Record of bank-initiated account closure
  
• Outstanding debts owed to the bank
  
• Suspected money laundering, fraud, or involvement with illegal activity

If your bank account application is denied, the bank should be able to provide a detailed explanation. This way, you can improve your situation or explore other alternatives to increase your approval chances.

What Are Second-Chance Bank Accounts?

A second-chance bank account provides a banking opportunity for individuals with past banking challenges. It can be likened to getting a clean slate or a fresh start.

These accounts are from banks or credit unions that either don't run your ChexSystems report or are willing to overlook any previous missteps. They give you another chance to rebuild your banking reputation and regain trust with financial institutions.

Member FDIC

Chase Secure Banking℠ - $100 Bonus

• New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
• Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
• No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
• No need to worry about overdraft fees - Chase Secure Banking℠ allows you to spend only the money you have available.
• Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
• Pay bills, cash checks and send or receive money with Zelle^® with a Chase Secure Banking℠ account.
• Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile^® app and Chase.com.
• JPMorgan Chase Bank, N.A. Member FDIC.

Get $100 Coupon

Expires 1/22/2025

Member FDIC

Bank of America Advantage SafeBalance Banking®

• Banking that helps you stay within your balance.
• No monthly maintenance fee each statement cycle when you meet one of the following: an owner of this account is under the age of 25 or maintain a minimum daily balance of $500 in your account or are a member of Bank of America Preferred Rewards®.
• Bank of America, N.A. Member FDIC.

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Premier Savings - Up to 4.14% APY

• Earn 4.14% APY, on $1,000 or more
• No monthly account fees
• Up to $1 million FDIC or NCUA insurance through Cross River Bank or Participating Institutions

Upgrade is a financial technology company, not a bank. Premier Savings accounts are provided by Cross River Bank, Member FDIC.

Learn More

Build Credit While You Bank

• Get Paid Up to 2 Days Faster
• Build credit and earn points with every swipe
• 40,000 fee-free Allpoint ATMs in the U.S.
• No credit check, minimum balance or hidden fees

Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC.

Sign Up

How to Easily Switch Bank Accounts Online

Here are steps to switch your bank account online without the hassle:

1. List recurring transactions in your current account.
   Jot down all your automatic bill pay, direct deposits, and other recurring debits, noting due dates, and contact info of their service providers.

2. Open your chosen new account online.
   This is usually possible for savings, checking, and money market accounts not just in online-only banks and fintechs, but also in most major brick-and mortar banks.

3. Redirect recurring transactions.
   Advise your employer, billers, and payors to update your banking information with your new account details for future transactions.

4. Transfer remaining funds.
   Do this only after all automatic transactions have been switched to your new account.

5. Close your old account.
   If your bank account has no monthly fees, you can leave it open temporarily just to ensure your recurring transactions are no longer coming through.

Methodology

To find the easiest bank accounts to open online, we looked at over 30 options and considered their account-opening requirements.

We looked for banks that don't base approval on your credit score or ChexSystems reports. Some may not even need a SSN. However, at minimum, you'll need to provide personal information such as name, address, and date of birth.

While most of the chosen bank accounts are from online banks, we also included physical banks for those that prefer to bank in-person.

Lastly, we took into other account features that may appeal to many customers. We highlighted unique offerings like overdraft coverage or free international calls.

What the Experts Say

CreditDonkey asked a panel of industry experts to answer readers' most pressing questions. Here's what they said:

Bottom Line

The eleven easiest bank accounts presented in this article offer convenient and accessible choices for your banking needs.

Most of these accounts remove obstacles like in-person applications, minimum deposits, credit checks, and other requirements. So even if you've had trouble opening an account, you might have better success with one of the ones in this list.

References