Banks Offering Online Account Opening

On December 21, 2020, Congress authorized, a $900 billion bipartisan coronavirus relief package to provide assistance to American consumers and businesses struggling as a result of the coronavirus pandemic. A provision of the law includes sending government payments to eligible individuals. The fastest and most secure way for consumers to receive these payments is through a direct deposit from the U.S. Treasury into their checking or savings account.

For those without a deposit account, many banks open accounts for most customers online. While it is not possible to upload your routing information to receive an electronic payment for this round of EIPs, you will be able to cash or deposit your check at your new financial institution instead of using a high-cost check casher.

Following is a partial list of banks that can open an account entirely online, with no need for a customer to visit a branch.

• BayVanguard Bank*
• Altamaha Bank
• Androscoggin Bank*
• Axos Bank*
• BankFive
• Bank of America*
• Bank of Travelers Rest
• Bank Independent*
• Brinks Money Bank*
• The Cape Cod Five Cents Savings Bank*
• Capitol Federal Savings Bank*
• Centennial Bank
• Centier Bank
• Chase*
• Chime Bank*
• Citibank*
• Community Bank & Trust*
• Community First Bank*
• Community State Bank
• Discover Bank*
• Dollar Bank
• Eclipse Bank
• Essex Bank
• Exchange Bank*
• Farmers & Merchants Union Bank*
• First Arkansas Bank & Trust*
• First Community Bank
• First Federal Bank of Kansas City
• First Federal Savings and Loan
• f1RST Financial Bank*
• First Horizon Bank*
• First Merchants
• First National Bank
• First National Bank and Trust
• First National Bank Texas*
• Frontier Bank*
• First Arkansas Bank & Trust*
• First State Bank St. Charles*
• Franklin Savings Bank*
• FSNB*
• Great Southern Bank
• Green Dot Bank*
• Guaranty Bank*
• Home Federal Savings & Loan Association of Grand Island*
• HomeBank*
• Independent Bank*
• Kearny Bank*
• LCNB National Bank*
• M&T Bank*
• Malvern Bank*
• MCNB Bank and Trust Company
• Merchants Bank*
• Metairie Bank
• Netspend*
• Northwest Bank*
• Park National Bank
• Progressive Ozark Bank*
• Republic Bank & Trust Company
• Sound Community Bank*
• South State Bank*
• Springs Valley Bank & Trust Company*
• State Bank*
• Synchrony Bank*
• TD Bank*
• TS Bank
• UCB Bank
• U.S. Bank
• United Bank*
• United Community Bank*
• Vista Bank
• Washington Trust Bank
• Wells Fargo
• West Plains Bank and Trust Company*
• Wood & Huston Bank*
• Woodsville Guaranty Savings Bank

* These accounts can be opened with a zero balance and funded with an Economic Impact Payment.

If your bank wishes to be included in this list, please fill out this short, 5-question survey.