In order to open an account, you go to one of the online banks and complete an 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 new account. Once you receive these, you go back online and tell them the date and amounts of the two transactions, and your account is then opened. You now may make your first initial deposit, and then may move money in and out to your tied account with a click of a mouse.