With the power of technology, opening a checking account online can now happen from the comfort of your own home. Another plus? It can save you a trip to the bank. Here’s how you can open a checking account online so you can start managing your available funds. Show
What is a checking account?If you’re looking to access your money often for your everyday needs, a checking account may be the way to go. A checking account is often used for day-to-day deposits and withdrawals. With a checking account, you can access your money with a debit card, through bank wire transfers or by writing checks. Checking accounts hold your money in a safe place so when you need it, it’s available. You can use it to pay your bills and other expenses. Your paycheck can also be sent to your checking account through direct deposit. When it comes to saving for short- or long-term goals, a savings account may be a better option in this scenario. A checking account often allows for numerous withdrawals and deposits. Most savings accounts have a limited number of monthly withdrawals allowed and can impose a fee for going over this limited number of monthly savings withdrawals. Checking account fees to be aware ofMost checking accounts have a monthly service fee. There are typically ways to waive monthly service fees if you meet certain requirements. Other fees may apply, such as out-of-network ATM fees and overdraft fees. How to open a checking account onlineEven though each financial institution may differ, there are a few basic steps you’ll need to follow to open your checking account online.
What you need to open a checking account
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