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How do I Open a Current Account Online?

Article Details
  • Written By: A. Rohlandt
  • Edited By: Susan Barwick
  • Last Modified Date: 25 April 2018
  • Copyright Protected:
    2003-2018
    Conjecture Corporation
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The first step when opening a current account online is to decide what kind of facilities you require and which bank you would prefer to use. You will need to provide some basic information such as a form of ID and proof of your monthly income before the account will be activated. The bank's website should allow you to apply for an account online. Step-by-step instructions will be given to help you complete the process. You may need to visit the branch to complete the application and present required documentation.

If you are looking to open a current account online, the chances are that you are UK-based, since a current account is the UK equivalent of a US checking account. There are quite a few banks that offer online applications for current accounts, but the extra facilities and interests rate vary from one to the next. This is where an online comparison site can be useful. Using a site like this will enable you to compare banks and their individual offerings at a glance.

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Banks generally require personal information when you apply for a current account online, and making sure that you have the necessary documents at hand will make things a little easier. Most banks require a form of identification, such as your passport or ID document, proof of your income and monthly expenditures, details of any existing bank accounts, as well as proof of employment or proof of study. Proof of address is also required, and a utility bill in your name is a good example of what kind of document to use.

Once you have all the information, it is time to visit the bank's website. There should be a section that allows you to apply for a current account online, so navigate to that section and choose the appropriate account. Make sure that the account you choose matches your requirements. There will be information to read and terms to agree to, so make sure that you fully understand those terms before agreeing to them.

The website should offer step-by-step instructions to complete the application process, but if you need help completing the application, some banks offer a dedicated telephone line for that purpose. Once the application is complete, visit the local branch to provide copies of the required documentation and to sign forms. Once this is done the account can be activated, and you will receive your card and additional information regarding your account in the mail.

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