The global banking system has taken an online route now. The top banks are serving their customers better with the online banking systems. These banks have adopted everything digitally now. Everything ranging from opening an account to customer satisfaction is something that can be on the internet today. Now, you can easily open checking account online within a couple of minutes.
Top 10 Bank To Open Checking Account Online Instantly
Here’s a list of the top 10 banks that offer you the option to open a checking account on the internet with ease. These banks have adopted digital transformation in a revolutionary manner. Therefore, they can provide excellent support to their existing customers as well as new clients.
1. Ally Bank
Ally Bank is one of the most reputed banking institutions in the country. It helps individuals in savings, investment, as well as other financial services.
- Easy Opening of Accounts: You can open a new account with the Ally Bank within a couple of minutes. This is the primary feature that most individuals love today. The step by step instruction manual of opening the bank account is ideal for novice individuals who wish to start their journey with banking institutions for the first time.
- Competitive Loan Interest Rates: The Ally Bank offers competitive interest rates on its loan schemes. Therefore, an individual can easily adjust to the repayment terms at smaller installments. You can choose a repayment scheme that fits your pocket and earning capacity and pay it back accordingly.
- Customer First-Policy: The bank follows a stringent customer first policy. Therefore, it offers the best customer support in the market. The bank officials are available to support you 24/7. You can reach out to them on their customer helpline or drop an email to the official ID and a customer service representative will reach out to you as soon as possible.
- Banking Across Multiple Digital Devices: The bank offers its digital banking facilities over multiple platforms and devices You can access the services offered by the bank through your smartphone, laptop, as well as a tablet in a seamless fashion. The bank has dedicated applications that help you browse through the different screens quickly.
- FDIC Insured Banking: All the investments and deposits that you make with the Ally Bank are secured by FDIC. Therefore, you don’t need to worry about losing your money with the bank. The bank also has military grade security encryption across all devices to protect your data against the phishing attacks.
2. Discover Bank
Opening a new account with the Discover Bank is as easy as 1-2-3. You can open a new checking account online with this bank without any extra assistance. You can open a checking account, savings account, money market account, etc. with the bank within a couple of minutes. Here are a few characteristics that make the Discover Bank so popular amongst the people.
- No Hidden Fees: Most banking and financial institutions will charge a hidden transaction fee or an account opening fee to individuals. Discover Bank has a strong policy against such hidden fee. Therefore, you can rest assured that you are not paying any hidden fee while conducting any transactions with the bank.
- Simple and Straightforward Banking Procedures: Simple and straightforward banking procedures are extremely helpful for individuals who do not have any experience in dealing with banks before.
- Multiple Types of Accounts: Discover Bank offers multiple types of accounts customized according to the needs of the individuals. You can easily open a checking account, market account, savings, account, etc. with the bank with a few simple steps.
- Cashback Schemes of Accounts: The bank is popular for offering multiple cashback schemes to its customers on their day to day banking activities. These cashback schemes accumulate over time to offer a considerable amount of savings to the customers of the bank.
- Personalized Customer Service: Discover Bank is one of the favorite banks of individuals who need constant assistance with their banking procedures. The large customer support team of the bank is always ready to serve its customers better. The personalized service helps individuals with little to no experience start their journey with a bank quickly.
3. Salem Five Direct
Salem Five Direct Bank is extremely good at one thing. Building relationships. If you want a reliable banking partner for years to come, this is one of the best choices you will have in the market. The Salem Five Direct Bank’s day to day functionalities is supported by a huge team of customer representatives who are responsible for keeping its customers satisfied.
- Customized Services: The customer service representatives will help you with the initial account procedure correctly. They will guide you through the entire process in a step by step manner so that you can open an account with the bank as soon as possible. You can discuss your needs with the bank’s representatives and they will be happy to provide a completely customized solution based on the needs.
- Competitive Interest Rates: The Salem Five Direct Bank offers some of the most competitive interest rates for small business owners. This is the main reason why individuals, as well as small business owners, prefer saving their money with this bank.
- Excellent for Small Businesses: If you are planning on opening a corporate account with a bank, this bank is your best choice. The customized needs and the excellent customer service are the top two reasons why you as a small business owner should select this bank for your day to day operations.
- Mutual Savings Bank Operation Model: The FDIC insured mutual bank has no stockholders. Therefore, the bank is free to customize its offerings according to the needs of its customers. The bank’s representatives often leverage this opportunity to provide the best customer service experience to their clients.
- Flexible Banking Approach: The bank follows an extremely flexible banking approach for all its customers.
4. Capital One Bank
The Capital One Bank has established a strong reputation in the market for being the fastest growing digital bank in the space. The bank is experimenting with some of the latest digital transformation technologies to serve its customers better. The incorporation of these technologies has helped the bank gain a lot of customer satisfaction in the last few years.
- No Hidden Fee, No Minimum Deposit Account: The best part about opening an account with the Capital One Bank is its no minimum deposit account. You don’t need to deal with any kind of hidden fee while opening the account either. So, you can open an account with 0 USD balance in it and use it freely without facing any penalty charges.
- Intuitive Tools: The bank supports the use of several intuitive tools that help it increase customer satisfaction tools further. A comprehensive website design helps the customers access all the necessary help they need within a few minutes.
- FDIC Insurance Coverage: All your deposits in the bank are covered by the FDIC insurance policy. Therefore, you don’t need to worry about a financial disaster chewing away on your life’s savings.
- Digitally Enabled Banking: You can access your account with this bank on the go. With the dedicated mobile application, this bank helps its customers perform pertinent banking functions on the go.
- Best Rates for Savings Accounts: If you have more than 10,000 USD to deposit in a savings account, this bank is the best choice for you since it offers an excellent rate of interest for such amounts.
5. Schwab Bank
Schwab bank is the one-stop solution to all your investment needs. If you want to open a checking account online only for liquid investment deals, this is the best bank for you.
- Unlimited ATM Fee rebates: The bank offers unlimited ATM fee rebates across the globe. Therefore, if you travel across the world frequently, having an ATM card with this bank will help you save a ton of money.
- No Monthly Fees of Minimum Account Balance: You can open a zero-balance account with this bank within a couple of minutes. The bank does not charge any monthly fees to its customers either. Therefore, it is perfect for students and freelancers.
- Mobile Application: You can access all the relevant details regarding your bank account through the dedicated mobile application of the bank.
- Free Standard Checks and Platinum Debit Cards: Usually, the banks give their premium platinum cards to people who have a balance more than a set amount. However, this is not the case with the Schwab Bank. Instead, you get a platinum card with this bank by default when you first open an account with it.
- Schwab One Brokerage Account: If you are interested in share markets and want to start a brokerage account, you can do that with a few simple clicks at Schwab Bank. Therefore, this bank is ideal for individuals who wish to start investing in multiple deals at once.
6. TIAA Bank
If you are looking for a one-stop hassle-free solution to your banking needs, you might want to open a checking account online with the TIAA Bank. The bank does not support a zero-balance account like the other ones on the list. However, it has multiple other features that make it popular amongst the customers. A few of these include:
- Attractive Interest Rates: If you always maintain a 5,000 USD minimum balance in your account, you get a 1.2% APR for the first year. From the second year onwards, the APR decreases to 0.25%. This deal is extremely attractive for individuals who are looking for banks with a lower APR.
- ATM Fee Reimbursements: TIAA Bank also offers ATM fee reimbursement services to its clients. Therefore, if you use your ATM card frequently, opening a new bank account with the TIAA Bank makes a lot of sense.
- No Fee for Regular Activity: Several banks charge small fees on the daily activities conducted by their customers. TIAA bank has a strict policy against such fees. Therefore, if you use your bank account regularly and do not want to attract any unwanted fee for the same, A TIAA bank checking account is a good option for you.
If you are facing a tough time in saving for a goal, the Simple Bank account is a good choice that you must look at once. As the name suggests, Simple Bank was created with a singular aim to simplify the savings process for its clients. The nifty features of the bank that make it so popular amongst the customers include:
- Protected Goals Account: If you want to save for an upcoming trip, purchasing a car, or for your wedding, this bank is perfect for you. It does not have the complexities posed by conventional bank accounts. Instead, it helps you earn a considerable rate of interest on your savings in a hassle-free manner.
- No Fees: You will not encounter any transaction fee on this account if you maintain a minimum balance of 2,000 USD at all times.
- High APY: The Simple Bank account can help you earn a lucrative APY rate of up to 2.02% on your savings.
- Easy and Free Transfer Between Accounts: If you are planning on opening a checking account online with the Simple Bank, do open a savings account too. The bank allows you to transfer money between the two accounts in a seamless fashion without any hidden fee.
Aspiration Bank is built on the lines that are very close to that of the Simple Bank. The no-nonsense approach of this banking institution has garnered respect from thousands of people across the country. The bank offers an extremely simple and intuitive way of interacting with your money. Therefore, it is ideal for the new-age digital generation who is looking for a feature-packed bank account that is easy to use.
- Zero Balance Account: You don’t need to add any balance to open an account with the Aspiration Bank. The zero-balance feature of the Bank account is a feature loved by the novice individuals who want to deposit their money in a risk-free manner.
- 00% Attractive APY: The bank offers attractive 2.00% APY rate for individuals as well as small business owners who wish to open corporate accounts with the bank.
- Mobile Baking Application: Just like most banking institutions on this list, Aspiration comes with its own mobile banking application for the millennials and the Gen-X candidates.
- Easy Account Opening Process: Open a new checking account online with Aspiration takes only a few minutes. You can get yourself up and running without any professional assistance on the internet.
9. NBKC Bank
Another one of the banks that is popular for offering simple and intuitive solutions to its customers is the NBKC Bank. If you are looking for higher APY rates, this bank might not be the right choice for you since it offers only a 1.01% APY rate. However, if you are looking for a reliable bank which will keep your money safe, NBKC Bank does the job.
- 5$ Bank: You need only 5$ to open a new account with this bank. Once you have opened the bank account, you get access to all its features in a filter-free manner.
- No Monthly Fee: There is no monthly fee associated with the maintenance of this bank account.
- No Minimum Balance: You don’t need to keep any minimum balance in this bank account to access it regularly.
- Reimbursement of ATM Fee: The bank reimburses ATM fee of up to 12$ every month. This reimbursement is enough for individuals who carry out multiple small ATM transactions regularly.
Chime is popular for helping its customers save in an unattended mode. Some features of the Chime Bank help the individuals save without them really knowing that they are saving.
- No Maintenance Fee Structure: The bank does not charge any maintenance fee to its customers. You can open an account with zero balance. This makes the bank an ideal choice for customers who are looking for an easy way to save without spending any money.
- No ATM Card Fee: The bank strongly recommends the use of its Visa card since it collects the transaction fee directly from the merchant and not its customers.
- Easy and Direct Money Transfer to Savings Account: Every checking account with Chime is automatically linked to a savings account. Therefore, you don’t need to open a separate savings account with the bank. You can easily transfer the money between accounts without any assistance.
- Rounded Up Mode of Savings: The bank will round up your amount for the purchase and deposit the excess amount directly in your savings bank. Therefore, you don’t need to focus on savings. If you shop frequently (both online and offline), you can save money without doing anything.
These 10 banks offer the best checking account schemes, competitive APY and APR rates, and a wide range of services to their clients. Unlike the large banking institutions, most of these banks allow you to open a new bank account without a considerable deposit fee. Therefore if you are a small business owner or a student, you should definitely consider these banking options for your next checking account.
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