In order to open an account, go to the online bank of your choice and complete its application. This takes only a few minutes. Then you associate or tie one of your checking accounts with your new account, and your Internet bank makes two small transactions into your checking account. Once you receive these, go back online and enter the dates and amounts of the two transactions, and your account is then opened. Now you may make your initial deposit. Afterwards, you may move money in and out of your account with a mouse click.