The lockdown makes life much harder than before. Luckily, we have the internet. One of the greatest inventions in the world is the internet, which greatly changed our life. We can communicate with each other, learn new things and get work done through the internet.
For people who want to open a new bank account, the internet really helps a lot. There are more and more online banks which provide service of opening online bank accounts. What you need to do is preparing your information, clicking the button and waiting for your new account.
What you need to open an online account
- Personal information: this includes your social security number, your date of birth and any government-issued ID numbers (driver’s license, passport, U.S. military ID, etc.) with the issue and expiration dates.
- Contact information: this includes your home address, your phone number and email address.
- Funding information: this is the money you fund to open the account, usually it’s from $25 to $100, varies form bank to bank. To do that, you may use your credit card or debit card, or you can link another bank account.
Though in most cases, all these document could be sent online, chances are that banks need you to fax or mail the information, such as the copy of your driver’s license, to help verify your identity.
Signatures and E-Signatures
For some banks, the procedure of opening a new account is done all online, including the signature. You can sign any legal agreements with an e-signature and start using your account immediately.
For other banks, they may require your actual signature. Under this circumstance, a “Welcome Kit” will be mailed to you which contains any required documents. Those banks would like to have your actual signatures to verify a check or debit card purchase in the event of a dispute.