How to Open a Free Online Checking Account and Get $2000

Anthony Jarvis Senior Contributor

How to Open a Free Online Checking Account and Get $2000


Opening a free online checking account has become increasingly popular in recent years, thanks to the convenience and flexibility it offers. Not only can you manage your finances from the comfort of your own home, but many banks also offer attractive incentives to attract new customers. In this article, we will guide you through the process of opening a free online checking account and show you how to get a $2000 bonus.

Step 1: Research and Compare Online Banks

The first step in opening a free online checking account is to research and compare different online banks. Not all banks offer the same features, benefits, and incentives, so it's essential to find one that suits your needs. Look for banks that have a strong online presence, positive customer reviews, and competitive interest rates. Additionally, consider the bank's fees, minimum deposit requirements, and any additional perks they may offer.

Step 2: Choose the Right Online Bank

After conducting thorough research, narrow down your options and choose the online bank that best fits your requirements. Ensure that the bank is reputable and insured by the Federal Deposit Insurance Corporation (FDIC) to protect your funds. Take into account the bank's user interface, mobile app availability, customer service, and any other factors that are important to you.

Step 3: Visit the Bank's Website

Once you have selected the online bank you wish to open an account with, visit their official website. Look for a prominent button or link that says "Open an Account" or something similar. Click on it to proceed with the account opening process.

Step 4: Fill out the Online Application

The online application will require you to provide personal information such as your name, address, Social Security number, and employment details. This information is necessary for the bank to verify your identity and comply with regulatory requirements. Ensure that you provide accurate information to avoid any complications later on.

Step 5: Fund Your Account

After completing the application, you will need to fund your new online checking account. Most online banks offer various funding options, including electronic fund transfers, mobile check deposits, or mailing a physical check. Choose the method that is most convenient for you and follow the instructions provided by the bank.

Step 6: Meet the Bonus Requirements

To qualify for the $2000 bonus, you will need to meet certain requirements set by the bank. These requirements may include maintaining a minimum account balance for a specific period, setting up direct deposits, or making a certain number of transactions. Carefully read the terms and conditions associated with the bonus offer to ensure you fulfill all the necessary criteria.

Step 7: Enjoy the Benefits of Your New Account

Once you have completed all the necessary steps and met the bonus requirements, you can start enjoying the benefits of your new online checking account. Take advantage of the bank's online banking features, such as bill payment, mobile banking, and budgeting tools. Monitor your account regularly and utilize the account to manage your finances efficiently.


Opening a free online checking account and receiving a $2000 bonus is an excellent opportunity to enhance your financial management. By conducting thorough research, choosing the right online bank, and meeting the bonus requirements, you can take advantage of the convenience and monetary incentives offered by these accounts. Remember to responsibly manage your account, monitor your transactions, and enjoy the benefits of hassle-free online banking.