Opening a bank account online is quick and easy. It can take just minutes and save you a trip to a bank branch. And if you’re opening an account at an online bank, it may be your only option. Now, you can open a bank account online, with no deposit, with bad credit, and even with no monthly maintenance fees in many cases. Opening a bank account in the digital age is a simple two-step process, thanks to the wide selection of banks and credit unions you can find through the web. An online checking account, or online banking, is a digital service that lets you manage and monitor your checking account from a computer, tablet or smartphone via the Internet. One of the main advantages of online checking is that it allows you easy access to up-to-date information on your account, such as your current balance.