Easiest Bank Account to Open Online

Find bank accounts you can open online with no minimum balances and credit checks. Choose from 8 great 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 8 bank accounts where you can save time, effort, and perhaps some money.

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 60,000 in-network ATMs. Use the ATM finder feature in your Chime mobile app and get your cash at no extra cost.

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.

Also, you may be aware that other banks can take as long as five business days to process direct deposits. With Current, you can get your paychecks up to two days faster.

Aside from quicker paydays, it has no monthly, overdraft, or hidden fees. It also has built-in Savings pods, where you can even earn competitive interest 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

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.^[2]

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 4.75% 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 from an ATM outside these networks, up to $5 in fees are waived 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.

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 fee that can't be waived. But it's quite affordable compared to other banks. 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.

If you do have a good banking history, you can check out TD's other checking accounts.

Member FDIC

TD Beyond Checking - $300 Cash Bonus

Click Here to Learn More

Expires 10/31/2023

• New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
• Three ways to go monthly maintenance fee-free: Monthly Maintenance fee waived when you set up direct deposits of $5,000 or more within a statement cycle, maintain a $2,500 minimum daily balance, or have a $25,000 combined balance across eligible TD accounts.
• ATM perks: TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
• A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
• Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring
• Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that's open early, late, and weekends.
• Get reimbursed for fees including two overdraft fees per year, all Rush Bill Payments, and one outgoing wire per statement cycle (domestic or international).
• Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send
• Money with Zelle®, Mobile Deposit and Online Statements.

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 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.

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 internationally, anywhere Visa is accepted.

Although it has a monthly membership fee, it is minimal, considering the additional benefits provided. 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.

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.^[9]

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

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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.

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.

Bottom Line

The eight 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.

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