Does opening a bank account through MOVO require a deposit? Follow Updated April 11, 2021 04:33 Applying for a MOVO Account™ online is free with a $10.00 opening deposit required. Was this article helpful? 1 out of 1 found this helpful Have more questions? Submit a request Related articles What do I need to sign up? What qualifies as a government issued ID? Is a credit check required to open an account online? How Do I Activate my Digital Prepaid Visa® MOVO Card™? Can I Sign Up for MOVO® Outside of the United States?