Before opening an account, determine the type that best meets your needs. There are several types of checking accounts, including a traditional checking account, a premium checking account, a high-interest checking account, a student checking account, and a business checking account. Pick the type of checking account you want Both insure deposits up to $250,000 per account, giving you peace of mind that your money is safe. When researching financial institutions, look for one that is accredited by the Federal Deposit Insurance Corp ( FDIC) for banks or the National Credit Union Administration (NCUA) for credit unions. Research your options to find the best choice for you. Consider the features, perks, fees, eligibility requirements, ATM locations, and products offered before opening an account. Choose your financial institutionįirst, choose a bank through which you want to open your account.

Ready to open a checking account online? The steps below will walk you through the process, from researching financial institutions to opening an account.

How to set up direct deposit chime