How to open a bank account online

Nowadays, it's possible to open bank accounts online. Many banks offer this option. You can open accounts at their branches without having to go to their offices. With this system, we can open an account anywhere in the world, but we must first review the local regulations where the bank is located to understand whether we can open an account there without a resident and what transactions we can perform.

In all cases, opening an account is usually very simple and only takes a few minutes to complete. Some banks allow us to open an account directly on the bank's website, while others will transfer us to their app. The steps to follow are:

• Please provide our personal details: name, tax identification number, address, occupation.
• Prove your identity: through a selfie, your ID photo, or your PDF file.
• Verify our information: The bank will verify the information we provide, which may take a few days.
• Sign the account contract via a digital certificate or, in some cases, via SMS.

Depending on the type of entity, the account will be operational in a few minutes or a few days: they will send us our debit or credit card (which we must activate), and now we can operate with the new account.

Compared to traditional accounts, what are the advantages of online accounts?

Online services are revolutionizing the way people manage their finances. Online banking has also successfully changed the relationship between banks and customers. For these two reasons, in addition to saving time and money, more and more people have embraced the change. Let's analyze some of the most significant advantages:

1. Providing better customer service 24/7
2. Savings in costs and commissions
3. Save costs and commissions
4. Take full control of your movements
5. Attention without having to move
6. The operation is very simple and safe
7. You can set up automatic payments
8. You can shop anywhere in the world
9. You can centralize all your banking products
10. Easily search for banking information