How to Create a Bank Account Using a Mobile App
Access modern banking. Learn to easily open a new bank account right from your mobile phone, from initial setup to full use.
A mobile bank account provides a convenient way to manage finances directly from a smartphone or tablet. This digital approach allows individuals to perform banking tasks, such as checking balances and transferring money, without needing to visit a physical branch. Mobile banking applications have transformed how many people interact with their financial institutions.
Gathering Necessary Information and Documents
Before initiating a mobile bank account application, gathering specific information and documents is necessary. Financial institutions are required by federal regulations to verify the identity of individuals opening accounts. This process, known as Know Your Customer (KYC), helps prevent financial crimes.
A primary form of identification, such as a government-issued driver’s license, state identification card, or passport, is required. Many banks also request a secondary form of identification or proof of current address, such as a utility bill or lease agreement. Applicants need to provide their full legal name, date of birth, current residential address, phone number, and email address.
A Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) is a standard requirement for opening a bank account in the United States. Banks need this number to report any interest earned on accounts to the Internal Revenue Service (IRS). Some accounts may require an initial deposit, which can be funded through an electronic transfer from an existing bank account or by mobile check deposit.
The Mobile Account Application Process
The mobile bank account application process begins by downloading the bank’s official application from a trusted app store. Once installed, users select an option like “Open an Account” to start the application flow. The app guides the user through a series of screens to input personal details, including name, address, SSN, or ITIN.
A crucial step involves digitally submitting identity documents. This often requires using the smartphone’s camera to capture images of the government-issued ID. Many mobile banking apps also incorporate advanced identity verification methods, like taking a “selfie” for biometric comparison against the photo on the ID. After entering information and uploading necessary documents, applicants review all details for accuracy and agree to the bank’s terms and conditions before submitting the application.
The digital submission process can often be completed in as little as 10 to 15 minutes. The bank’s internal verification and approval process may take a few minutes to a few business days. Some institutions may employ video calls with a bank representative as part of their identity verification.
Setting Up and Using Your New Account
Upon successful approval of the application, the bank sends a confirmation notification, often via email or directly within the mobile application. This confirms the new account is ready for use. While some accounts are immediately active, others may require an additional step to fully activate, which can be done through the app or a phone call.
A debit card associated with the new account is mailed separately and arrives within 5 to 10 business days. Activating this card is done by following instructions provided with the card, through the mobile app, or by calling a dedicated activation line. Once activated, the debit card allows for cash withdrawals and purchases.
The mobile banking app offers a suite of features for convenient account management. Users can view their account balances and transaction history, set up alerts for low balances or unusual activity, and make mobile check deposits. Other common functionalities include transferring funds between personal accounts, sending money to other individuals, and paying bills directly from the app. Many apps also provide tools for budgeting and tracking spending.