Steps to Open a Bank Account Online originally appeared on usnews.com Update 05/28/24: This story was previously published at an earlier date and has been updated with new information.

Every bank has different requirements to open an online account, but in general, you must be a U.S. resident over 18 with a local address to fulfill basic requirements.

This guide will walk you through how to open a money market account in four quick and easy steps, ensuring you make the best choice for your savings needs.

Bank fees are one factor to consider when comparing bank accounts. Before making a decision, it’s also good to assess each bank’s features, mobile app, online reviews, and other details.

Business bank accounts may allow up to 500 transactions per month before a fee is applied. Consider how many transactions you’re likely to conduct in a given month when choosing an account.

1. Account Type: Checking or Savings? When you decide to open a bank account for your child, two of the most popular options to consider are checking accounts and savings accounts.

How to Open a Bank Account originally appeared on usnews.com Update 03/11/25: This story was previously published at an earlier date and has been updated with new information.