The other consideration is how your FI is chartered. As a state-chartered community bank (with branches in 3 states), we limit online account opening to clients in those 3 states. We did evaluate through legal review widening our circle, but it was determined that doing so would result in additional chartering requirements and to comply with additional state-specific laws. Keep in mind that while your bank is based in a given state, the client is opening the account from their location.
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The opinions expressed are mine and do not necessarily reflect those of my employer.