There is no need to physically go into a bank branch to close out an existing account or open a new one. You can quickly open a new account online by filling out an application on the bank’s website. And provided your old bank offers online banking, you can immediately create a transfer of funds to the new account. Depending on your old bank’s policies, you may be unable to close out an account online. However, you should be able complete the close-out either over the phone or through online chat.