This can be done adding a new similar checkbox field to billing form and hiding the real checkbox one with CSS. Then with the help of jQuery, you can trigger the hidden checkbox from the duplicated one.
Here is that code:
// CSS rules
add_action( 'woocommerce_before_checkout_billing_form', 'move_checkout_create_an_account_css' );
function move_checkout_create_an_account_css() {
if( ! is_user_logged_in() ) :
?><style>
.woocommerce-account-fields label.woocommerce-form__label-for-checkbox {display: none !important;}
#account_cb_field {margin-top: 32px;}
#account_cb_field input {margin-right: 6px;}
</style>
<?php
endif;
}
// Add a checkbox to billing section
add_filter( 'woocommerce_checkout_fields', 'move_checkout_create_an_account_checkbox' );
function move_checkout_create_an_account_checkbox( $fields ) {
if( ! is_user_logged_in() ) {
// Make email field on half on left side
$fields['billing']['billing_email']['class'] = array('form-row-first');
// Custom checkbox on half right side
$fields['billing']['account_cb'] = array(
'type' => 'checkbox',
'label' => __("Create an account?", "woocommerce"),
'class' => array('form-row-last'),
);
}
return $fields;
}
// remove "(optional)" from the new checkbox
add_filter( 'woocommerce_form_field' , 'remove_checkout_optional_fields_label', 10, 4 );
function remove_checkout_optional_fields_label( $field, $key, $args, $value ) {
// Only on checkout page
if ( is_checkout() && ! is_wc_endpoint_url() && $key === 'account_cb' ) {
$optional = ' <span class="optional">(' . esc_html__( 'optional', 'woocommerce' ) . ')</span>';
$field = str_replace( $optional, '', $field );
}
return $field;
}
// The jQuery code
add_action( 'wp_footer', 'move_checkout_create_an_account_js' );
function move_checkout_create_an_account_js() {
if ( ! is_user_logged_in() && is_checkout() && ! is_wc_endpoint_url() ) :
?><script>
(function($){
$('input[name=account_cb]').on( 'click', function() {
$('input[name=createaccount]').trigger('click');
});
})(jQuery);
</script>
<?php
endif;
}
Code goes in functions.php file of the active child theme (or active theme). Tested and works.