The application process to open a bank account with Nationwide is fast and simple. Here are a few things to keep in mind before you get started:
☐ You must be 18 years or older to open an account. (A custodial account can be set up for a minor.)
☐ Adobe Reader is required to view electronic documents within the application
☐ Collect the following basic information about yourself:
- Date of birth
- Social security number
- Valid driver's license or state or military ID (needed for IRAs, trust accounts and business accounts)
- Current address (no P.O. boxes)
- Previous address if you've been in your current home less than 2 years
- Phone number
- Email address
You will need one of the following depending on how the new account is being funded:
- Routing and account number of the bank you are using to fund your account
- Online banking access for the financial institution you are funding from
- Debit card information
Things that may prevent you from completing the online application
To be able to complete the online application without any issues, the following issues may need to be resolved before starting the process:
- Fraud protection. You’ll need to remove fraud alerts or temporarily lift a security freeze to allow for a new account to be opened in your name.
- Previous history with previous accounts. Negative history with your previous bank accounts such as misused checks or reasons for the account closures as reported by ChexSystems, the bank reporting agency, may affect your ability to open an account.
- Failing identity verification within the application. For example, there may be a mismatch between your address on file elsewhere and the address you entered, which raises a red flag.
How to open a joint account
If you are opening a Nationwide account with another person, please make sure that the joint owner is present to answer their own contact information and personal information. You can add up to 6 account joint owners.
How to add account beneficiaries
When opening an account, you have the option to add up to 5 account beneficiaries. All you need is the person’s name and address.
How to fund the new account
As part of the online application, you can fund your account with an initial deposit using any the following options:
- Electronic transfer from another personal bank account
- Debit card from another personal bank account
- Direct Deposit
- Mail a check
- Wire transfer
Mailing a check. If you are not applying for an account online or if you would rather send in a check to fund your account, please mail the check with the amount equal to or greater than the required minimum opening balance (see above) to the following address:
PO Box 92000
Chicago, IL 60675-2000
How to open multiple deposit accounts
Multiple deposit accounts can be opened within a single application. Once you complete your personal information, you will have the option to open additional accounts.
Online application is available for many products
You can use our online application to open almost all types of accounts including:
- Individual, joint or custodial personal accounts
- Individual or joint personal accounts with Right of Survivorship
- Up to 6 joint owners
- Traditional, Roth and Simplified Employee Pension Plan (SEP) IRAs and the Coverdell Education Savings Account (ESA) have a different online application system. Learn more.
The following products are also available by calling our Customer Care Center at 1-877-I-Bank-NW (1-877-422-6569) Monday through Friday, 8 a.m. to 8 p.m. ET.
What do I need to open a trust account?
A trust account allows one person to manage an account on behalf of another. Please have this information handy when you call:
- Trust paperwork that includes the legal names of all parties (the first and last pages plus the powers for the trust)
- Names, addresses, dates of birth and driver’s license numbers with issue and expiration dates for all parties involved in the trust account