Many online banks have free bank account options, which don’t have an initial deposit requirement or monthly fee. Those options might include basic savings accounts and free checking accounts .

Steps for Opening a Bank Account Online. 1. Pick Your Bank. Decide which bank or credit union you want to do business with. ... There are free checking accounts, ...

After you decide to open a new bank account, you have to decide where -- and that's more complicated than it used to be. There are new choices in online banking that lead to a number of questions ...

When opening a bank account, it’s important to select one that meets your financial needs. That might be a checking account for managing daily spending, or a savings account for your emergency fund.