Checking accounts are very handy. With it you can pay your bills, pay for your purchases and keep track of your spending bills. Online checking accounts work the same way, except that they are more convenient to use. You can online fund transfer, unlimited ATM access and easy application procedures. Like with traditional banks, most of these are insured by the FDIC, which means that your money is safe and secured. Now here’s how to open online checking accounts.

Step 1 – Search online for online banks
When doing this, you need to consider the bank’s reputation, their accessibility, their security features, they accreditation and of how much fees they charge for the online application. Most of these banks do not charge you for anything but there are others that do.

Step 2 – Fill their online application
After deciding which online bank to enroll you into, it is now time to fill out the bank’s online application form. This may include your social security number, email address, physical address and name and birth date. After filling out the application form, they will give you some log in access including your password. They would usually ask you to change your password immediately and log back on to your account.

Step 3 – Read the terms and conditions
After signing up, it is important that you read the bank’s terms and conditions very carefully. Most of the times, the term contract are written in very small font so that customers will refuse to read them. But this is where you will find out about the hidden fees and other concerns that might cause complications in the future.