Is It Better To Open A Bank Account Online Or In Person?
Posted on: 24 October 2019
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The conventional way to open a bank account is to walk into a branch, declare that you would like to setup a checking or savings account, and sit down with a banker to discuss your options. However, some banks have also made it possible to setup a banking account online. There are upsides and downsides to setting up an account online vs. in-person.
Having Questions Answered
If you are setting an account up in person, you can simply ask the banker any questions you have. With an online account, you will usually be given an online form to fill out. However, if you have a question, you might be able to contact the bank by email or through a customer service instant messaging app on the website. You could also call the bank for help.
Setting Up an Account Quickly
When you know exactly how you would like to setup your bank account, you could save time by simply setting your account up online. The bank will ask you everything that it needs to know, such as whether or not you are a veteran.
Making Your First Deposit
With some bank accounts, you're required to make a deposit before opening it. You may make the deposit using a credit or debit card online. However, if you don't have this option, and would rather make a deposit with cash, you may need to stop by your bank to do so. There are other cases where your bank may give you time to make a deposit, and you may be able to electronically transfer money to your bank account.
Providing Your Signature
In some cases, the bank will require your signature and for you to take a picture. This will make your bank account more secure because it will be less likely that someone may steal your identity and attempt to access your bank account.
Sometimes, you might receive a Welcome Kit in the mail that comes with a card that you need to sign. Your bank likes to have an official signature for when there is a dispute with your debit card or when you believe that someone has forged a check. If you will need to use your bank account quickly, make sure to understand the process so that it is not delayed. It might be faster to open your bank account in person if you can simply offer your signature in-person.
Visit a bank or credit union like Texas Bay Credit Union to learn more.