Can You Use Amazon Pay with Checking Account

Though Amazon Pay was launched in 2007 in the US, until now it hadn’t gained that much popularity. But, recently, its popularity has boomed. We see many online shoppers, traders, suppliers, etc. benefiting from Amazon Pay’s facilities. Most essentially, this payment solution is now going to offer the facilities of a checking account. In addition, Amazon Pay also works with any checking account. Sounds amazing, right? Let’s check in detail the features, facilities, advantages, disadvantages, etc. of Amazon Pay with checking account.

Facts about Amazon Pay with Checking Account

This solution is highly suitable for people with an age range of 20–35 years old.
It is highly suitable for people who cannot afford or don’t want to pay the so-called “maintenance fees” of the banks.
This account allows you to save money by not having any mandatory provisions regarding minimum balance keeping, overdraft charges, etc.
This payment solution is capable of bringing everything together in one place.
Using this payment method means getting free suggestions (expert advice) on product purchases. You can say it also acts like a bit of a financial advisor, indicating which products you should buy.

Can You Use Amazon Pay with Checking Account?

Well, Amazon is still researching and surveying the favourable outcomes if they implement their plan with Amazon’s checking account. They are working on it with JP Morgan’s Chase. However, until Amazon’s checking account becomes functional, you can use a digital checking account from another financial institution to perform purchases with Amazon Pay. It offers the same benefits.

Financial Institutes for Online Checking Accounts

Here, we have listed some of the prominent financial institutes that offer an online checking account with similar facilities to Amazon’s checking account.

Chime Checking Account
SoFi Checking Account
Varo’s checking account
TIAA Bank’s checking account
Ally Bank’s Interest-Checking Accounts
Capital One 360 Checking Account

Opening an Online Checking Account

Before proceeding to open an online checking account, you should conduct preliminary research on all of the financial institutions mentioned. We suggest you use an Excel sheet or a whiteboard and compare the charge, monthly fees, AYP, terms, bonus, security, etc. Below are step-by-step guidelines for opening an online checking account at the mentioned institutions.

Go to the chosen financial institution’s website.
Find the button or section mentioning “Open Account” or “Create Account.”
Go to the respective section.
Select the account type; you should select “Checking Account.” Here, we would like to mention one thing: you may find various checking accounts; select the one that best suits your requirements.
Now, fill out the application form with personal details (name, address, email, phone, social security number, etc.).
Create the user ID and password, and set a two-step verification system to enable more security.
Agree with the financial institution’s terms and conditions (this section may come first in some institutions).
Follow up on the approval process. If the bank or institution needs any documents, they will call or email you. So, check the email regularly, and if you see such a request, scan and send the document.
Upon approval, you are good to go with the new online checking account. However, some institutions may ask for a small deposit before activation. Pay that one by any suitable method (know the options by asking the respective financial institution).
Here, you can also request a debit card linked to the checking account.

Integrating Online Checking Account with Amazon Pay

Now is the time to link your online checking account with your Amazon Pay account. First, create an Amazon Pay account (if you don’t have any) and then link it. Follow the below process.

1. Creating an Amazon Pay Account

Log in to your Amazon account by using your user ID and password.
An OTP will be sent to your phone; insert the OTP.
Click “Sign In” button.
You will see the “Amazon Pay” tab (black color, middle section).
Now, at the upper portion, there will be a swipe option. Swipe that and press “Get Started.”
Press “Proceed.”
Verify your mobile phone number.
Now, this screen also has a select bank option. Use that if this account is already listed in Amazon’s seller or buyer interface. If not, then go to “Seller Central.”

2. Linking Checking Account

Find the “Account Info” section and click on it.
Press the “Deposit Methods” button.
Click “Assign” to add your newly created online checking account.
Insert the bank details (bank name, routing number, account number, etc.).
Now, press “Set Deposit Method.”
You have successfully connected your online checking account to Amazon Pay.
Now, go to the Amazon Pay section and, below the phone number verification, select the bank account.
Click the “Continue” button.
The screen will come with a QR code scanner. Go to the email from the bank; the details of your account have a QR code. Now allow Amazon Pay’s QR reader to read the account’s QR code.
You are good to go to use your online checking account with the Amazon Pay service.

Bottom Line

Now, you know the details of how to use Amazon Pay with checking account. This method will allow you to have the same experience as Amazon’s checking account. However, there is lots of news on the market regarding Amazon’s checking account. There is a vital chance of not implementing it if there are not enough positive responses from the organizational surveys. Stay tuned to get more updates regarding this!