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Step-by-Step Guide to Opening a Checking Account Online

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In today's fast-paced world, customers value user experience, including convenience — meaning banking from anywhere, instantly, and 24/7. You can participate and start enjoying the benefits of online banking by opening a checking account online. To learn how to open a checking account, follow along. This simple step-by-step guide shows you how to open your free checking account online and take control of your financial future.

An employee sitting at her desk showing a customer a brochure Article Image
Yellow notepad with pen svg icon Lesson Notes:
  • Opening a checking account online offers convenience and speed
  • Have personal, identification, and financial information ready
  • Follow the online steps: choose, fill, verify, and submit
  • Set up direct deposit, monitor accounts, and use online tools

Why open a checking account online?

Convenience

Opening a checking account online offers unparalleled convenience. You can complete the application process anytime and from anywhere with an internet connection. This flexibility lets you fit banking into your busy schedule without visiting a physical branch.

Speed

The online application process is typically faster than applying in person. You can fill out the required forms, submit documentation and receive approval in hours. Some accounts may even offer instant approval, getting you started on your financial journey without delay.

Accessibility

With an online checking account, you have 24/7 access to your account information and banking services. You can check your balance, transfer funds, pay bills and more at any time. Ent Credit Union also offers a mobile app, providing greater access and control over your finances.

Environmental impact

Choosing an online checking account helps reduce paper usage. By opting for electronic statements and digital communication, you contribute to environmental sustainability and decrease paper waste. Banking electronically might save you time, money and possibly reduce your carbon footprint! (FDIC, 2022).

What you need to open a checking account online

You will need certain details and documents to open a checking account online. Before you start your application, ensure you have the following:

Personal information

  • Full legal name
  • Date of birth
  • Social Security number
  • Valid email address
  • Phone number

Identification

Federal law requires us to obtain and verify your identity. Therefore, we’ll need:

  • Government-issued ID (driver's license, passport, or state ID)
  • Secondary form of ID (such as a utility bill or lease agreement) to verify your address

Financial information

  • Current bank account information for the initial deposit (if required)
  • Occupation, employer information and income details (in some cases)

Step-by-step guide to online application

Now that you have all the necessary information and documents, you can start the application process. Follow these simple steps to open a checking account online with Ent Credit Union.

1. Fill out the application form

Complete the online application form with your personal information, identification details and financial information. Ensure all information is accurate to avoid delays in the approval process. 

2. Verify your identity

 You may be required to upload copies of your identification documents. This step is crucial for verifying your identity and preventing fraud. Follow the instructions carefully to ensure your documents are uploaded correctly.

3. Review and submit

Before submitting your application, review all the information for accuracy. Check for any errors or missing information that could delay the process. Once you are satisfied, submit the application.

What happens after you apply?

Application review

After you submit your application, the institution will review the information provided. This process typically involves verifying your identity and conducting a credit check if necessary. You will be notified of your application's status within a few business days.

Account approval

If your application is approved, you will receive a confirmation email with your new account details. This email will include instructions on accessing your account online, setting up your online banking profile and activating any associated debit cards.

Fund your account

You can fund your new account using a transfer from another bank account, a debit card, or, in some cases, a credit card. Ensure you have the necessary funds available if an initial deposit is needed.

Receive your debit card

Your institution will mail your debit card to your home address within 7-10 business days. Once you receive it, follow the instructions to activate the card. You can then use it for purchases, ATM withdrawals and other transactions.

Set up online banking

Log in to your institutions online platform using the details provided in the confirmation email. Set up your profile, choose a secure password, and explore the features available to you, such as mobile and online banking, online bill pay and account alerts.

Maximizing your new checking account

With your account set, it’s time to make the most out of it. Here are some checking account tips to help you take full advantage of your new account.

Set up direct deposit

Direct deposit is a convenient way to deposit your paycheck directly into your checking account. It ensures immediate access to your funds on payday. Also, it eliminates the need to visit a branch to deposit checks.

Budget and save

Use your checking account to help with budgeting and saving. As Fiano (2019) notes, automatic transfers are one of the easiest and most consistent ways to ensure you are consistently saving money. Additionally, utilize the budget planning tools available through online banking to track your expenses and manage your finances.

Monitor your account regularly

Using our mobile application, e-statements and account alerts, you can regularly check your account balance and review your transactions to stay on top of your finances. This helps you avoid overdrafts, identify unauthorized transactions and ensure your account remains in good standing.

FAQs

How long does it take to open a checking account online?

The online application process typically takes about 10-15 minutes. After submission, it may take a few business days to review and approve your application. You will receive your debit card within 7-10 business days after approval.

What are the advantages of opening a checking account online?

Opening a checking account online offers several advantages, including convenience, speed and accessibility. You can complete the process from anywhere, at any time, without the need to visit a branch. Online banking also provides 24/7 access to your account and financial tools.

Citations

FDIC (2022, September 2). Banking on the Environment.

Liane Fiano (2019, August 26). Looking for an easy way to save money? Make it automatic. Consumer Financial Protection Bureau.

*PLEASE NOTE: This article is intended to be used for informational purposes and should not be considered financial advice. Consult a financial advisor, accountant or other financial professional to learn more about what strategies are appropriate for your situation.

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