• Purple

How do you open a Purple bank account?

Whether you want to open your first bank account or switch to a new one, it can be a daunting process. You may be wondering “How long does it take to open a bank account?” or, “What do I need to open a bank account?” You may also feel unsure about the next steps.


Here’s the good news: it’s not difficult to open a new bank account, especially if you do so online. If you want to open up an online bank account, there are multiple options out there, including Purple. Purple offers a checking account with no hidden fees that makes managing your money a breeze — all from the comfort of your smartphone.


How to open a Purple bank account in 3 simple steps


If you’re ready to open a bank account with Purple, you can set your worries aside as signing up for Purple takes less than three minutes. The best part? It’s completely free. Here’s what you need to do:


1. Request an invite


Click here to request an invite. You'll receive an email with a unique code and a link to download our mobile banking app.


2. Apply for a Purple checking account


To apply for a Purple checking account, you’ll need to share the following information:

  • Your first and last name

  • Social security number (SSN)

  • Email and a password

This will help financial institutions verify your identity to help minimize money laundering and fraud. After Purple reviews and confirms your information, you’re in!


Note: All members must be a U.S. citizen and at least 18 years of age.


3. Setup your direct deposit with Purple


You can easily set up direct deposit by providing your employer with your Purple routing and account numbers, on your direct deposit form.


You can find this information in the app under Settings, as well as the Move Money section. If you’re switching bank accounts and starting fresh with Purple, you can make a transfer from your old checking account to your new Purple checking account.


Manage your money with a Purple bank account, all from your phone


Once you’ve deposited money into your Purple checking account, you’re ready to go! You can start to use your card, manage your transactions, view your balance, and more.


Here are some benefits of banking with Purple:

  • No hidden fees

  • No minimum balance

  • Track your spending

  • Instantly lock/unlock your card

  • Link your bank account

  • Transfer money

By using Purple, you can save money on fees and effortlessly manage your money on-the-go. Opening a bank account doesn’t have to be scary or hard. If you’re ready to make the switch, follow these 3 steps to join the Purple family! 💜

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© 2020 Purple Financial, LLC. All rights reserved.

Deposits are FDIC insured up to $250,000 through The Bancorp Bank, Member FDIC.

Banking and Debit Card services provided by The Bancorp Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Program Management services provided by Galileo Financial Technologies, LLC.

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