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Yes. Many banks these days offer accounts that can be operated online only. Such accounts do not offer branch banking facilities and all transactions - Credit/Debit must happen online. Because you do not get branch services, these accounts offer higher interests and charge lower fees because the bank does not incur any human labor cost in servicing you. With the upgrades in technology these days, such type of accounts are becoming more and more prominent.

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Q: Can you open an online only savings account?
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Related questions

Where can you open a savings account?

You can open a savings account at any bank or credit union. There are online bank savings accounts, too.


Where can one get ING orange savings?

ING Orange Savings was an online only savings account offered by ING Direct, which is now owned by Capital One and rebranded Capital One 360. To open an account, visit the Capital One 360 website and apply online using the "Open Now" button on the webpage.


Does the Bank of America allow you to open a savings account online?

Yes they do and they make it easy for you. Simply go to the website, click open and account and fill out the relevant information and you will have a new savings account!


How do you open an online savings account?

Begin your new online savings account at the bank of your choice, online of course! You should be looking for a savings account with the highest interest rate you can find so you get the greatest return possible for your money. The process should be very easy, you can do it!


How can one open a Chase savings account?

A person can open a Chase savings account very easily. If there is a local branch office, that will be the quickest way. If not, go to their online website and the information will be there.


Can you open a savings account online with tri counties bank?

"Tri Counties Bank offers online banking however, you must physically go to one of their locations in order to open an account. Checking and savings accounts require an initial deposit in order to open the account which has to be done in person."


Can you open a saveigs account for a friend?

No. You cannot open a savings account for your friend. Only the concerned person who wants the account can open the account. Proxy account opening is not allowed.


How do you open up a tesco savings account?

Tesco Bank is based out of the United Kingdom. One can go to Tesco Bank's official website and open an online savings account. One can also find out the benefits of opening a savings account with Tesco on their website as well.


How can one UK resident open a savings account at the post office?

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How much money do you need to open a savings account with citibank?

At Citibank, a customer needs to only supply $100 to open a savings account with and they don't even need to have a preexisting checking account with the bank.


how much does it cost to open an account at washington mutual bank?

First of all Washington Mutaul Bank is now becoming part of Chase. Second of all different accouns have different requirements. for example if you want to have a savings account then it is $1 to have an online savings account or $5 to open a Statements savings. It all depends on the kind of account and where you want to open it.


How can you qualify for community savings?

It really depends on what type of account you wish to open at community savings bank. If you simply want to open a savings account, then you only need the minimum deposit of 10.00 to open it! If, however, you wanted to qualify for a checking account, you would need the $400.00 minimum balance required.