Online Checking Account: For Essential Spending | Ally Bank® (2024)

FAQs

Is it possible to open a checking account online? ›

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.

While checking accounts are for spending, savings accounts are meant to keep money safe that you don't immediately plan to spend. There are federally-regulated standards to limit consumers to making only six withdrawals or transactions from their savings account every month.

Spending Account.

An interest checking account that helps you meet your spending goals.

Can I open a bank account without going into the bank? Yes, you can open a bank account online without ever going into a bank branch. With an online bank or account, you mostly manage your money through the bank's website and mobile app, though you can often call customer support for additional help.

Once you're approved, you can usually use your account right away and transfer funds. You'll likely need to wait a few days or weeks for printed checks and ATM and debit cards to arrive.

HDFC Bank's InstaAccount journey is a fully digital, no contact process that helps you open a savings account. Be it our Regular Savings Account or our premium SavingsMax account, open it instantly from the comfort of your home.

Here are some online bank accounts with instant debit cards and no deposit requirements: Chime: Chime is a popular online bank account that offers a free checking account with an instant debit card. You can open a Chime account online in just a few minutes and get your debit card instantly.

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What type of bank account is linked to spending? ›

Checking account: A checking account offers easy access to your money for your daily transactional needs and helps keep your cash secure. Customers can typically use a debit card or checks to make purchases or pay bills.

An online spending account is a type of account that allows you to make payments online. This type of account is great for those who want to make payments without having to carry cash. However, it is important to make sure that you are not overspending and that you are using your account responsibly.

In May 2009, GMAC Bank was rebranded as Ally Bank. In May 2010, GMAC re-branded itself as Ally Financial.

You don't need multiple bank accounts and spreadsheets to manage your spending—we created spending buckets to help you reserve money within your Spending Account for anything you have coming up.

Opening a bank account online can be the easiest way to do so but it isn't likely to be the fastest. If you'd prefer to open an account in person, the process may take much longer (i.e. 30 minutes to an hour or more). You may have to wait a while unless you book an appointment in advance.

Once approved, you have 90 days to set up a direct deposit directly to the new checking account. With the direct deposit confirmed, Chase promises to deposit your free $200 within 15 days automatically. It's that simple. The Chase Total Checking account does have a few requirements to avoid a $12 monthly fee.

You can open a checking account online or in-person at a Wells Fargo branch. You must be 18 or older to apply online. 17 and under must open at a branch.