15 Banks That Don’t Use ChexSystems (Second Chance Banking)

ChexSystems is a reporting agency that collects all the information from banks and credit unions on consumers’ checking and savings-related accounting activities. The agency uses this information to create consumer reports that financial institutions can use to screen potential customers for their creditworthiness. It works on the federal Fair Credit Reporting Act (FCRA).

However, some banks choose to ignore a bad credit report given by agencies and give customers a second chance to maintain a checking account. They are also known as banks that do not use ChexSystems.

Following is a handpicked list of Top Banks that don’t use ChexSystems with their popular features and website links.
Read more…

Top Pick

Chime offers a mobile bank account and debit card without any credit check. There are no hidden bank fees. You can also get your paycheck up to 2 days earlier with direct deposit.

Visit Chime

Second Chance Bank Accounts with No Opening Deposit: Banks without ChexSystems

Name Foundation Year BBB rating Monthly fee Minimum deposit Minimum balance Link
👍 Chime 2013 A+ None None None Learn More
Current 2015 B None None None Learn More
B9 2020 NR (Not Rated) $9.99 for the monthly membership fee None None Learn More
Wise Business 2011 B $10 None None Learn More
Extra 2018 F $149 per Year (Credit Building) None None Learn More

1) Chime

Chime offers a mobile bank account and debit card without any credit check. There are no hidden bank fees. You can also get your paycheck up to 2 days earlier with direct deposit.

#1 Top Pick

Foundation Year: 2013

BBB Rating: A+

Monthly Fee: None

Minimum Deposit: None

Visit Chime


  • It helps you to transfer money, send and deposit checks and pay bills.
  • Chime gives you access to cash across 38,000+ fee-free ATMs.
  • It provides an optional automatic savings account that helps you earn 0.50% (APY) on your savings.
  • This website offers a free debit card.
  • No monthly service charge or overdraft fees.
  • Daily balance updates in mobile app and its website.
  • Monthly fee: None
  • Locations: Online
  • BBB Rating: A+
  • Foundation Year: 2013
  • Minimum deposit: None
  • Minimum balance: None

Visit Chime >>

Foundation Year – 2013

2) Current

Current is a mobile banking app founded in 2015 by Stuart Sopp. Its financial technology company helps people save their money in much a clever way. The banking services Current offers are provided by Choice Financial Group and Metropolitan Commercial Bank, Members FDIC. The Current Visa Debit Card is also issued by them only.


Foundation Year: 2015

BBB Rating: B

Monthly Fee: None

Minimum Deposit: None

Visit Current


  • Current offers up to two days faster availability of your paycheck than the average direct deposit.
  • It is a specially designed app for parental supervision and money management.
  • It gives great cashback rewards
  • It gives certain parental features like instant transfer to your teen’s card, Notifications for all purchases, the Ability to block specific merchants, etc.
  • Supported platforms: Android and iOS.


  • It does not have any physical branches, only a mobile app.
  • Premium and Teen Banking both charge service fees
  • If you deposit cash, there is a $3.50 fee per transaction.

Key Specs:

  • Minimum opening Deposit: $0
  • Pricing: 1) Basic: $0/month, 2) Premium: $4.99/month, 3) Teen 4) Banking: $36/year per teen.
  • Minimum balance: $0

Visit Current >>

Foundation Year – 2015

3) B9

B9 is a bank account with no credit checks that advances upto 100% of your Paycheck. It allows unlimited money transfers between B9 members without any fee. It lets you connect to any payroll platform to set up your direct deposit with B9.


Foundation Year: 2020

Monthly Fee: $9.99 for the monthly membership fee

Minimum Deposit: None

Minimum Balance: None

Visit B9


  • Offers FDIC-insured checking account
  • No-Fee ACH Transfers
  • Does not changes overdraft fees on checking account
  • Offers zero fee advances (upto 100% of your paycheck) of up to 15 days based on approval
  • No-Fee Instant B9 Advances (up to $300)
  • Does not require credit checks
  • B9 Visa® Debit Card offers upto 5% cashback
  • Customer service available in English and Spanish languages
  • Simple onboarding process
  • Supported platform: iOS and Android
  • BBB Rating: NR (Not Rated)
  • Monthly Fee: Plan starts at $9.99 for the monthly membership fee
  • Minimum deposit: None
  • Minimum balance: None

Visit B9 >>

Foundation Year – 2020

4) Wise Business

Wise Business is an easy-to-use app that helps you pay down your credit card debt. It automates the system to analyze your spending habits to allocate unused funds and ensure your bills are paid on time. It offers bank-level security with 256-bit encryption and allows two-factor authentication for added security.

Wise Business


  • It offers low APRs
  • It provides instant approval with no credit check.
  • You will get Instant approvals
  • It offers more credit as you grow
  • Build more savings faster
  • Adapts automatically as you go
  • You need to pay a monthly fee
  • Only helps with credit card debt
  • Minimum opening deposit: $0
  • Monthly fees: $10
  • Minimum deposit: None
  • Minimum balance: None

Visit Wise >>

Foundation Year – 2011

5) Extra

Extra helps build your credit and enables you to earn reward points. It reports your transactions on the debit card at the end of the month as creditworthy payments to Equifax and Experian credit bureaus. It helps you to build your credit so take out lower-cost loans and qualify for the best rewards credit cards. It is compatible with most banks across the United States.



  • Easily build your credit.
  • You can keep your existing bank account
  • Instantly earn points for every purchase made. Get points for rideshare, coffee, or just paying your phone bill.
  • You will get 5x rewards points for every $1 spent
  • Provides an option for daily payments
  • Does not charge any predatory interest rates
  • Yearly/Monthly fee: $149 per Year (Credit Building) and $199 per year (Credit Building + Rewards).
  • Locations: USA
  • BBB Rating: F
  • Minimum deposit: None
  • Minimum Balance: None

Link: https://extra.app/

6) SoFi

SoFi is a cash management account online, which is a good way to stay off the ChexSystems radar. It allows users to earn 0.25% APY on balances over $500. You will also get SoFi member benefits like career coaching and financial advising.



  • Unlimited reimbursed ATM fees.
  • No hidden bank charges.
  • It offers cash bonuses.
  • It provides high-yield interest rates without a credit check.
  • Easy P2P payments at no extra cost.
  • You can freeze your debit card on the go.
  • FDIC-insured deposits up to $1.5Mn through the SoFi Money sweep program with partner banks.
  • BBB Rating: A
  • Foundation Year: 2011
  • Locations: Online
  • Monthly fee: None
  • Minimum deposit: None
  • Minimum balance: None

Link: https://www.sofi.com/

7) TD

TD Bank is one of the top North American banks that offers banking services for individuals, small businesses, and commercial firms. It offers a debit card free of charge for individuals as well as businesses. It also provides customer support service available throughout each day of the week.



  • Affordable checking account.
  • Possible to waive off maintenance fee.
  • It comes with a free visa debit card for your business.
  • Impeccable customer support service.
  • Monthly fee: $5.99 monthly fee
  • BBB Rating: N/A
  • Locations: Online
  • Foundation Year: 1855
  • Minimum deposit: No
  • Minimum balance: No

Link: https://www.td.com/

8) PNC

PNC acquires BBVA USA, The BBVA offer Online Checking Account is a known bank that does not use ChexSystems. In this Bank with no ChexSystems, you can easily set up your checking account. This bank also offers an active bank account online for people with bad credit.



  • It provides a facility for online banking, bill pay, and mobile deposits.
  • It offers cashback rewards for everyday debit card purchases and shopping.
  • No minimum deposit if you open an account in person at a branch location.
  • No monthly service charge.
  • This bank offers an automatic rebate of ATM fees charged by other banks.
  • It helps you to keep complete track of your purchases and get instant transaction alerts.
  • Robust mobile banking options and online second chance banking services.
  • Low-interest rates.
  • It also offers good service options for users with bad credit.
  • Not have any monthly service fees.
  • You don’t require keeping a minimum balance.
  • It helps you to earn cashback rewards for daily debit card purchases.
  • Monthly fee: No monthly fees.
  • Locations: Available in all states except Alaska and Hawaii.
  • Foundation Year: 1964
  • BBB Rating: A-
  • Minimum deposit: $25 minimum opening deposit
  • Minimum balance: None

Link: https://www.pnc.com/

9) Navy Federal

Navy Federal is one of the credit unions that don’t use ChexSystems to open a new checking account. This Bank offers special memberships for Armed Forces, Coast Guards, or National Guards. This Bank also offers flagship checking.

Navy Federal


  • Free active duty checking with no credit check.
  • Free everyday checking.
  • Free mobile deposits.
  • Dividends are credited monthly, which you can check on the website.
  • Monthly fee: None except for a $10 fee for Flagship Checking
  • BBB Rating: A+
  • Locations: Online
  • Foundation Year: 1933
  • Minimum deposit: None
  • Minimum balance: None

Link: https://www.navyfederal.org/

10) US Bank

US Bank is a trustworthy banking service in the United States. This bank allows you to open an online checking account with no ChexSystems and no minimum deposit. US Bank also waives monthly fees for account holders aged 65 and older.

US Bank


  • Offers savings account online with highly trustworthy and fraud-free service.
  • Easy to get approved loan with no credit check.
  • It allows you to send, receive and request money via mobile application.
  • Easy standard checking account.
  • It helps to rebuild credit scores.
  • Locations: Online
  • Monthly fee: $8.95 monthly fee
  • BBB Rating: A+
  • Foundation Year: 1968
  • Minimum deposit: No monthly fees for deposit.
  • Minimum balance: No minimum balance required.

Link: https://www.usbank.com/

11) Suntrust

Suntrust Bank offers several checking accounts online that include online banking, mobile banking, direct deposit, overdraft, bill pay, etc.



  • Advantage checking account with interest on your savings.
  • Essential checking account with no-fee access to over 2000 ATMs and 1200 branches.
  • It offers free identity protection and credit monitoring through IDnotify.
  • Checking account services with cashback on selected card purchases.
  • You can easily check the live balance on the website.
  • Locations: Online
  • Monthly fee: $7 maintenance service charge
  • BBB Rating: A+
  • Foundation Year: 1891
  • Minimum deposit: $100
  • Minimum balance: None

Link: https://www.suntrust.com/

12) Renasant

Renasant Bank is a banking service located in Mississippi, Alabama, Tennessee, and Georgia. It offers various banking services like savings, loans, digital banking, mortgage, wealth management, etc. It also provides three checking account options and one student checking account to choose from.



  • It offers Rewards savings accounts for customers who want to grow their funds.
  • It provides Rewards Checking accounts with higher interest rates.
  • You will get regular updates for your account on their website.
  • Student Checking account offers online banking, mobile deposits, bill payments, etc., features.
  • Locations: Alabama, Georgia, Mississippi, and Tennessee
  • Monthly fee: $6 to $10
  • Minimum deposit: $50
  • BBB Rating: A-
  • Foundation Year: 1904
  • Minimum balance: None

Link: https://www.renasantbank.com/

13) Varo

Varo is one of the best credit unions that don’t use ChexSystems. They offer little to no service fees and convenient transactions. The Bank does not look at negative ChexSystems reports or on your credit report to determine whether you have bad credit or not.



  • It helps you to enhance your business savings.
  • No credit check.
  • No minimum balance.
  • No monthly fees.
  • No overdraft fees.
  • 55,000+ fee-free ATMs.
  • Locations: Online
  • Monthly fee: None
  • Minimum deposit: None
  • Minimum balance: None

Link: https://www.varomoney.com/

14) Gobank

GoBank is an online-only bank that helps you to open a checking account online. This financial federal credit union bank is surely a good choice if you have bad credit because it does not check the ChexSystems.



  • Checking accounts come with a free debit card.
  • It offers Mobile banking.
  • It has a massive free ATM network.
  • It allows you to deposit cash to your card with ease.
  • It enables you to pay your bills online.
  • Locations: Online
  • Monthly fee: $8.95
  • Foundation Year: 2003

Link: https://www.gobank.com/

15) United Bank

United Bank offers various products for customers with no or low credit. It includes personal loans, a secure Visa credit card, and the Gateway Checking account. It also provides multiple account options for users with many features and benefits supported by outstanding customer support.

United Bank

Key Features:

  • It provides a free debit card for purchases.
  • It offers free ATM withdrawals.
  • United bank has 42,000 ATM locations.
  • It offers Mobile check deposits.
  • Many discounts offers available from multiple retailers using United bank cads.
  • Locations: Alabama and Florida.
  • Monthly fees: $10
  • BBB Rating: A-
  • Foundation Year: 1839
  • Minimum deposit: None
  • Minimum balance: None

Link: https://www.bankwithunited.com/

16) First American Bank

First American Bank is a banking service open to residents in Illinois, Florida, and Wisconsin. It is a non-ChexSystems bank that does not require any minimum balance and provides free digital statements.

First American Bank


  • It offers free mobile and online banking.
  • Swift online banking system.
  • Offers waivers for monthly charges.
  • No minimum balance is required.
  • It provides eStatements for your account.
  • Allows you to access 55000+ surcharge-free ATMs.
  • Locations: Illinois, Florida, and Wisconsin, and others.
  • Monthly fee: $9.95 monthly fee
  • BBB Rating: A+
  • Foundation Year: 1974
  • Minimum deposit: $50 deposit
  • Minimum balance: $0 for several accounts

Link: https://www.firstambank.com/

17) First Convenience Bank

First Convenience Bank is available in Texas, New Mexico, and Arizona. This second chance bank allows you to open an account with a minimum $20 deposit. This helps you to save costs in your business.

First Convenience Bank


  • It allows you to open various accounts like savings, money market, kids, etc.
  • Money market account provides benefits of both savings and checking account.
  • It offers higher interest rates for higher deposits.
  • It also provides unlimited withdrawals and transfers for savings accounts under several conditions.
  • Possible to wave off monthly charges.
  • Location: Online
  • Monthly fee: $12 regular monthly maintenance fee
  • BBB Rating: A+
  • Foundation Year: 1901
  • Minimum deposit: $20
  • Minimum balance: $100

Link: https://www.1stnb.com/

18) FNSB

Fort Sill National Bank is a bank that does not use ChexSystems. It provides account-holders a Visa CheckCard and free online second chance banking services.


Key Features:

  • It offers the best services for civilian and military communities.
  • Minimum $5 deposit required.
  • No-cost electronic statements.
  • Location: Online
  • Founded: 1946
  • Minimum deposit: $5
  • Minimum balance: No

Link: https://www.fsnb.com/

19) Southwest Financial Bank

Southwest Financial Federal Credit Union is a non-ChexSystems bank that allows you to open new checking accounts. They offer a “Checkless Checking” account for people/businesses with previous trouble qualifying for a second chance checking account. This non-ChexSystems account online operates completely without any paper checks and has no monthly service charge.

Southwest Financial Bank


  • It offers a Mobile app and online banking features, making it a convenient choice for second chance banking with no ChexSystems.
  • Deposit checks using your smartphone.
  • No monthly service fees.
  • Overdraft protection.
  • Location: Online
  • Monthly fee: None
  • BBB Rating: C
  • Foundation Year: 1962
  • Minimum deposit: None
  • Minimum balance: None

Link: https://swfinancial.org/spend/checking-accounts/

20) Sable

Sable does not charge any hidden fees, and you will get a secured credit card bank account in just a few minutes. It also offers unlimited cashback and premium perks. You can get a bank account with your passport. No SSN is required.



  • You will get a dollar-for-dollar match on cashback earned in year one
  • You can earn 1% cashback on everyday purchases at Amazon, Uber, Whole Foods, Netflix, Spotify, and more!
  • It has a 98% approval rate with no credit check
  • It offers the quickest way to build U.S. credit score
  • Cheap international transfer rates to 55 countries.
  • They also offer a Credit Card that reports more datapoints to credit bureaus compared to other cards in the market. It helps you build your credit score quickly.
  • You can progress from secured to unsecured credit in less than 4 months, even with second chance checking with no opening deposit.
  • A low credit line stops cardholders from charging high-cost items or many expenses
  • Minimum opening deposit: $0.
  • Monthly fees: $0.
  • Minimum deposit: None.
  • Minimum balance: None.

Link: https://sablecard.com/credit

How to Get Approved for Banks that Don’t Use ChexSystems

Registration for Banks that don’t use ChexSystem is straightforward and follows requirements similar to traditional banks.

Following are the steps to get approved for banks that don’t use ChexSystems:

Step 1) Check the Non-ChexSystems bank’s requirements.

While some banks might not perform a credit check on applicants, they may require government-issued IDs, social security numbers, and other personal or business information. You need to check what the Bank needs from you before signing up to get approved.

Step 2) See your Credit check report information and dispute any errors

Most account denials occur because of poor credit ratings, which stem from less-than-perfect credit check reports by the three main credit bureaus. However, before signing up with a non-ChexSystems bank, you need to go through your credit report. However, if you find any errors, dispute them. If you’re successful in this, you may end up being eligible for an account in bigger and more traditional banks.

Step 3) Choose a Second Chance Bank Account

A second chance account is an alternative where banks with no ChexSystems or credit unions do not look past your poor credit.

Step 4) Use a Prepaid Debit Card

You can also consider using prepaid cards, which aren’t linked to an online checking account, non- ChexSystems, or a credit union account. Using the prepaid card, you deposit money in advance.

Step 5) Know which features you want

While some features may differ from one account to another, ChexSystems-free banks are similar to traditional banks. They offer features that include online banking information, mobile deposits, and free in-network ATM usage.

Step 6) Use the account wisely

You need to make sure you use your account wisely. Avoid unpaid fees, overdrafts, and other things which may affect your credit report negatively.


ChexSystems is a reporting agency that collects all the data from banks and credit unions on consumers’ checking and savings-related accounting activities. The agency uses this information to create consumer reports that financial institutions can use to screen potential customers for their creditworthiness information. It works on the federal Fair Credit Reporting Act (FCRA).

Here are some of the Best Banks without ChexSystems:

ChexSystems uses your financial information that helps prepare both a credit report and risk score. These reports help traditional banks and non-ChexSystems banks to determine if they want to do business with you.

The ChexSystems report includes unpaid fees, overdrafts, suspected fraudulent activity, unpaid negative balances, and all the public records about your checking account. ChexSystems reports negative items for five years. Under federal law, information about the consumers are entitled to one free ChexSystems report after every year.

ChexSystems assigns customers a risk score ranging between 100 and 899. The lower your risk score, the greater risk you have as a potential banking customer, so you should have a higher score as possible.

There is no definitive range of scores for ranking good, bad, or in the middle. This is because ChexSystems does not release its internal metric information for calculating risk scores to the public.

Suppose you believe that your ChexSystems report is inaccurate. In that case, you have a right to dispute it with both ChexSystems and the Bank which reported it. Under the Fair Credit Reporting Act (FCRA), ChexSystems must find any disputes and remove incorrect items, if any.

When you find that there is an incorrect item in your ChexSystems report, you should take steps to have it removed. The process for removing an item from your ChexSystems report is similar to getting a mistake or inaccuracy deleted from your credit check report.

No-ChexSystems Banks:

Banks that do not use ChexSystems may verify new checking accounts with the help of consumer reporting agencies. For example, PNC does not use ChexSystems; however, it uses Early Warning Services, which helps them to verify an applicant’s account.

With the help of banks that do not use ChexSystems banks, you can easily eliminate the fees associated with traditional accounts because these banks are FDIC-insured. Moreover, your money gets the same fraud protection as when you store it in a standard account. However, the downside to this kind of Banking is that they are difficult to come by. Although we have listed the best banks here, 90% of other banks still use ChexSystems.

There are many credit union banks that don t use ChexSystems. They do not have physical locations. In this case, it does not have personal support when you need it. You will do everything online, which can be good or bad depending on your facing issue.

Second Chance Banks:

On the other hand, the second chance banks use ChexSystems to screen customers. But they’re willing to offer a fresh start and an online checking account with no ChexSystems even though the customer is denied the regular checking account.

However, you need to pay service fees to get second chance accounts. Moreover, the rewards and features, which you can have access to standard checking accounts, will also be limited. At the same time, banks that offer a second chance with no opening deposit may ask you to take a course on money management.

To open the account, you will require your social security number or individual tax ID number. The Bank will ask some questions during the application process that helps them to verify your identity.

None of ChexSystems banks will send you a prepaid card. They only offer Visa/MasterCard debit cards which are linked to checking accounts. These debit cards offer full buying functionality.

The fees of no ChexSystems bank account differ from Bank to Bank. For example, Chime and PNC have no monthly fees, and some banks with no ChexSystems have low monthly fees.

Here are the pros/benefits of banks that don’t use ChexSystems:

  • Save on check-cashing fees: Itsaves your money by not using check-cashing services.
  • Avoid prepaid debit card fees: You canavoid the myriad of fees that often come with prepaid debit cards. For example, Netspend’s monthly fee is $9.95, and the reload fee is up to $3.95, and the ATM withdrawal fee is around $2.50.
  • Keep your money safe and secure: It offers a secure and convenient place to stash your cash.
  • Built-in fraud protection: ItProvides built-in fraud detection means purchases made with bank debit cards offer zero liability for fraud that helps you secure non-Chexsystems business transactions.
  • Become BFFs with your Bank: Establish a relationship with your banker that helps you to engage in relationship banking. Your bank can approach you with better offerings on loan rates, insurance, and certificates of deposit for secure transactions.
  • Get a mortgage loan: Mortgage lenders need you to provide recent bank statements while applying for a mortgage loan without a credit check. Prepaid debit cards are not the same as having traditional bank statements.

All of the ChexSystems banks offer FDIC-insured checking accounts, which means many federal governments ensure the money in your account maximum of up to $250,000.

Following are some drawbacks of an online bank with no ChexSystems:

  • Limited Account Capabilities.
  • Their banking operations are mostly carried out online, so you will get limited customer support compared to in person.
  • The accounts are not free.
  • More chances of fraud.
  • Checking accounts are not available in every bank.
  • You may not get a check facility.

There is no rule that you can’t open a bank account if you owe the bank money. However, banks check credit reports and bank consumer behavior reports before opening an account. However, it is difficult unless you open an account geared toward people in that situation.

No, they cannot. However, you can override or overlook negative ChexSystems records based on policies. Your negative record remains in the report.

The best free checking accounts for bad credit are offered by Go Bank, PNC, Chime, Bank of America, etc. Each of these banks offers some best features and rewards to help you recover from bad credit using their second chance checking account options.

The easiest way to clear your ChexSystems records is to pay all debts and fees. However, if you think there is so many errors in the report, dispute them accordingly. Banks that don’t use ChexSystems are willing to overlook this, but clearing your record is important to become eligible for better account types.

Here are the reason why you should opt for Non-ChexSystems Account:

  • Does not need any minimum balance.
  • Low or no monthly fee.
  • Ability to write checks.
  • Online and mobile banking features.
  • Allows you to access the large ATM network.
  • You can make purchases with your bank card that carries zero liability for fraudulent transactions.

Here are the best practices for people in ChexSystems:

  • If you have a direct deposit, you should split it between two checking accounts.
  • Stay away from supplemental services like Billpay until the time of your ChexSystems record.
  • Immediately report any fraudulent activity you may discover on your accounts.
  • If you close your account, continue to monitor it for several months to ensure no unpaid charges, fees, or overdrafts.

Current ChexSystems policy states that the information will stay on your record for 5 years until it proves to be incorrect and removed via dispute.

Some Telecheck-free or non-ChexSystems banks are PNC, Chime, Axos, Varo, TD Bank, and Renasant Bank. These types of banks offer you a chance to rebuild your credit after a big financial mistake or your credit rating has fallen to poor or bad while also providing a functional banking experience.

Here are the two main methods to open a bank account with a low ChexSystem score:

  • Second chance bank accounts
  • Banks and credit unions that don’t use ChexSystems verifications.

Your credit union or Bank will review your ChexSystems report. More than 80% of banks and credit unions use consumer credit check reports like ChexSystems or Early Warning Services. It helps them decide to approve bank account applicants, as per the National Consumer Law Center.

Except for PNC (BBVA), most of the top no ChexSystems banking recommendations offer checking accounts to residents worldwide. For example, PNC does not offer its banking services in Hawaii or Alaska.

Here are some criteria for selecting the best Bank that does not use ChexSystems:

  • The Minimum Deposit to Open an Account:Non-ChexSystems banks have little to no minimum deposits when you open an account. Therefore, you should select Bank that has the lowest required minimum deposits and at the same time does not sacrifice key features.
  • Account Requirements:Research what non-Chexsystems banks ask for when you open a checking account for bad credit with them. Requirements may include your social security number and other government-issued IDs.
  • The Signup Process:Since lengthy processes are usual for bigger banks, you should check how easy or difficult it is to open an account with each Bank. This helps you find the most convenient one for you.
  • Banking Services:You should look for a Bank that offers regular banking services like a savings account. For example, offers, upgrades, deposits and withdrawals, and other features.
  • Monthly Fees:You should also check and compare how much you’ll spend monthly using each banking service. You should look for a non-ChexSystems bank that offers services at lower monthly fees.
  • Hidden Fees:Hidden fees such as monthly service charges can ruin your banking experience. You should also check which banks do not have hidden fees and have reasonable charges for higher-quality services.
  • ATM Network:This kind of banks should have ATMs available nationwide to make it easier for you to withdraw or deposit money. You need to check which banks have the most ATMs available for their customers.
  • Fees on ATMs:When using in-network ATMs, you usually do not have to pay any fees. However, out-of-network ATM transactions often charge fees.
  • Check Writing:Checking accounts for poor credit are convenient for writing actual checks. You should check for banks that offer no-ChexSystems checking accounts and savings accounts so that you can choose wisely between them according to your business.
  • Cashback Rewards:If you frequently use your account for purchases, it’s great to have cashback rewards and other similar perks.
  • Mobile App:Many non-ChexSystems financial institutions operate online. Most of them also have apps with mobile check deposits or card lock/unlock features.
  • Daily Deposit Limit:Daily deposit limits can differ from traditional banks. You need to check which ones have higher limits and which ones have more flexible setups.
  • Overdraft Fee:Some banks have the highest overdraft fees. These fees are charges you pay when your bank or credit union covers you for payment, transfer, or withdrawal that exceeds the funds available in your checking account.
  • Mobile Deposits and Transfers:Mobile transactions are necessary for a seamless banking experience. The more flexible they are, the better banking experience you get. You should check which banks have the most convenient mobile deposits and transfers.
  • Fraud-Free Record:You need to look for banks that have the cleanest records in terms of fraud accusations or reports. The best checking accounts online for bad credit always come from non-ChexSystems banks with trusted reputations and user-friendly websites.
  • Second Chance Savings Accounts:You need to look for second chance banking accounts that allow you to have a fresh start despite negative ChexSystems reports. These accounts online have slightly different features from second chance checking offered by online banks.
  • Customer Support Service:You should look for Second chance banks that have the best customer support reputations.
  • Typical Approval Time:Approval time is also considered as an important factor. As a non-traditional banking option, when you apply for a non-ChexSystems account, it should be quick and straightforward.
  • Foreign Transaction Fees:Banks charge these fees for purchases or transactions made in foreign currencies. If you need to travel abroad or you are a frequent traveler, you should select a bank with low foreign transaction fees.

However, if you cannot get approved for a banks account, you still have the following alternatives:

Credit Union:

These are great alternatives to bank accounts. They have lower fees, higher savings rates, and a personalized approach to your financial situation. At the same time, they offer loans with easier terms than large, impersonal banks.

However, they have fewer financial services, which generally operate in the same ways as banks do. They’re federally insured by the National Credit Union Share Insurance Fund, which is almost equivalent to FDIC insurance for banks.

Debit Card-Based Accounts:

These accounts do not attach bank accounts online because they are based on prepaid cards that help you “reload” money into them. These types of accounts do not have any risk which is associated with uncollected overdrafts. You just need to spend the money you are putting into the account, so it’s a great way to manage your budget.

Secured Credit Cards:

A secure credit card is the easiest way to access funding while building your credit. You can deposit a payment upfront, and the issuer will hold it in case of default.

Money Market Funds:

Money market funds provide higher interest than traditional banks. These funds also ensure that their price does not increase beyond $1 per share. Therefore, you are technically not losing any money in them. However, the biggest drawback is that it includes being uninsured by the FDIC. You also need to pay a minimum initial deposit, which can be hefty and costly for your business.

Online Banks:

Online-only banks have less overhead. They often look beyond a negative ChexSystems report. Most of them offer lower fees and better rates than your average banks.

With online accounts, you can perform various functions of standard bank checking accounts online. Transactions can be done using a mobile app, where you can deposit, transfer, or purchase items without touching an ATM or going inside a banking office. Additionally, if you’re looking for a secure and convenient way to make online purchases, you might consider using a virtual debit/credit card.

Second Chance Bank Accounts with No Opening Deposit: Banks without ChexSystems

Name Foundation Year BBB rating Monthly fee Minimum deposit Minimum balance Link
👍 Chime 2013 A+ None None None Learn More
Current 2015 B None None None Learn More
B9 2020 NR (Not Rated) $9.99 for the monthly membership fee None None Learn More
Wise Business 2011 B $10 None None Learn More
Extra 2018 F $149 per Year (Credit Building) None None Learn More