10 Best Bank Accounts with No Credit Check (2025)
Mia Young
Having a bank account is very important. But, if you have bad credit, it is very difficult to open a new checking account. Some traditional banks may deny opening a checking account if you have bad credit because of unpaid overdraft fees, late or missed payments, and account closures.
If your credit score is not so good, you may find difficulties opening a checking account. A very bad credit score can even block you from opening a bank account.
Checking accounts for bad credit generally comes with fees. However, there are many banks with no credit check to open an account which is an ideal way to improve your credit score. It helps you to get back into the business if there were financial problems in the past. With over 100+ hours of research into 40+ Banks with no credit check to open an account. My in-depth and unbiased article provides comprehensive features, pros and cons. This ultimate guide may help you choose the right bank. Read the full article for must-see, verified information. Read more…
NorthOne USA is great for those with bad credit, providing a remarkable solution. It provides a facility for online banking, bill pay, and mobile deposits. This bank offers an automatic rebate of ATM fees charged by other banks.
Open Bank Account Online with Bad Credit
| Bank Name | Minimum opening deposit | Monthly fees | Credit Check | Link |
|---|---|---|---|---|
| 👍 NorthOne | None | $20 | Yes | Learn More |
| 👍 Chime | None | None | No | Learn More |
| Current | None | None | No | Learn More |
| FirstCitizensBank | $50 | $0 when enrolled in paperless statements | No | Learn More |
| SoFi | None | None | No | Learn More |
1) NorthOne
The NorthOne offered me an easy way to open a checking account without needing a credit score check. The process is smooth and comes with helpful features. In fact, NorthOne USA is great for those with bad credit, providing a remarkable solution.
Minimum opening deposit: $0
Monthly fees: $10
Minimum deposit: None
Minimum balance: None
Pros
Cons
Key Specs:
Monthly fees: $10.
Minimum opening deposit: None
Minimum balance: None.
2) Chime
During my research, I found that Chime is a financial technology company that offers banking services, even though it is not a bank. I particularly liked that the banking services and debit cards are provided by The Bancorp Bank, N.A., or Stride Bank, N.A., Members FDIC. This allowed me to use the services licensed by Visa U.S.A. Inc., which can be used everywhere Visa debit cards are accepted.
Chime offers a mobile bank account and debit card without any credit check. There are no hidden charges and bank fees. Using this service, you will also get your paychecks up to 2 days earlier with a direct deposit. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. Chime generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
Minimum opening deposit: $0
Monthly fees: $0
Minimum deposit: None
Minimum balance: None
Pros
Cons
Key Specs:
Minimum opening deposit: $0.
Monthly fees: $0.
Minimum deposit: None.
Minimum balance: None.
3) Current
Current is a mobile banking app that I have reviewed and found impressive. Founded in 2015 by Stuart Sopp, the app’s financial technology helps users save money in a smarter way. Choice Financial Group and Metropolitan Commercial Bank, both Members FDIC, provide the banking services offered by Current. I particularly appreciate that only Choice Financial Group and Metropol.
Minimum opening deposit: $0
Monthly fees: $0
Minimum deposit: None
Minimum balance: None
Pros
Cons
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
4) FirstCitizensBank
FirstCitizensBank is an easy-to-use app that helps you pay off your credit card debt. According to my review, it automatically analyzes spending patterns and allocates unused funds to ensure timely payments. The tool made it possible to enjoy the most effective security with 256-bit encryption and two-factor authentication.
Minimum opening deposit: $50
Monthly fees: $0 when enrolled in paperless statements
Minimum deposit: None
Minimum balance: None
Pros
Cons
Key Specs:
Minimum opening deposit: $50.
Monthly fees: $0 when enrolled in paperless statements
Minimum deposit: None.
Minimum balance: None.
Link: https://www.firstcitizens.com/
5) SoFi
SoFi provides an excellent online cash management account with no credit check needed. I discovered that it is best for those who want member benefits like career coaching and financial advising. In my opinion, SoFi is a top-rated option.
Pros
Cons
Key Specs:
Monthly account fee: None.
Minimum deposit: None.
Minimum balance: None.
Link: https://www.sofi.com/
6) Discover
Discover has made online banking easy for me. With no deposit accounts available for checking and savings, I found it to be a top choice. I was able to open a bank account for bad credit with ease. The instant account option, without a credit check, is ideal for anyone facing credit challenges.
Pros
Cons
Key Specs:
Mining opening balance: No.
Minimum opening deposit: $0.
Monthly fees: $0.
Link: https://www.discover.com/
7) Capital One
Capital One focuses on providing checking accounts and credit options to individuals with bad credit. I discovered that it is one of the easiest ways to rebuild your credit. According to my review, their no-deposit accounts are top-rated for people in financial recovery. It offered me a chance to access fair credit cards, which are essential for those looking to improve their credit score.
Pros
Cons
Key Specs:
Monthly fees: None.
Minimum deposit: None.
Minimum balance: None.
Link: https://www.capitalone.com/
8) Woodforest
Woodforest allows you to open a bank account without a credit check. I found that Woodforest has 760 branches across 17 states, which is great for those who like to visit their bank in person. I particularly appreciate that it offers a second chance checking account for those with poor credit or a bad banking record. It is one of the best options for people with bad credit score.
Pros
Cons
Key Specs:
Monthly fees: $9.95.
Minimum deposit: $25.
Minimum balance: None.
Link: https://www.woodforest.com/
9) Green Dot
While reviewing Green Dot, I found that you can open an account without the need for a credit check, even if your credit is bad. Green Dot’s prepaid debit card is also offered without a credit check, making it a phenomenal choice for those who need financial flexibility.
Pros
Cons
Key Specs:
Minimum deposit: None.
Monthly fees: $7.95 unless you load $1,000 or more on the card during the previous month.
Minimum balance: None.
Link: https://www.greendot.com/
10) Varo money
Varo is one of the top-rated banks with no credit checks. I found that they offer little to no fees and hassle-free transactions. I noticed that this bank also provides instant online checking accounts for bad credit. With Varo, I was able to check my credit report to determine if my credit was low.
Pros
Cons
Key Specs:
Monthly maintenance fees: None.
Minimum deposit: None.
Minimum balance: None.
Link: https://www.varomoney.com/
How to open a business bank account with bad credit?
Step 1) Look for banks with no credit checks
If bank accounts for bad credit are not an option, then the next alternative is to look for banks that offer a ‘no credit check checking account’, particularly for those with bad credit.
Step 2) Study your credit report and dispute error
If you think there is some calculation issue in your credit report generated by the credit bureau, you can file a dispute for the same and get it corrected.
Step 3) Ask the bank to reconsider your application
If your bank has denied your application for a checking account, you can ask the bank to have another look at your application. In some cases, banks may overlook some negative points if you explain them nicely.
Step 4) Open a second chance banking account.
Opening a second chance banking account allows you to enjoy facilities like a normal bank account. However, you may need to pay extra fees for the same.
What are the Pros and Cons of a Second Chance Checking Account?
Here are some pros and cons of a second chance checking account:
Pros of a Second Chance Checking Account:
- Repair your banking history: A second chance checking account allows you to rebuild your banking history, but you need to practice good money management in the future. If you make the same mistakes you did in the past; you could make your situation worse.
- Avoid excessive fees: Second chance banking lets you avoid accumulating fees that come with prepaid debit cards, money orders, cashier’s checks, etc.
- Reestablish your relationship with the Bank: While you mainly focus on repairing your bad banking history. In this case, there is a greater chance you will be able to apply for a secured car loan or get a mortgage loan.
Cons of a Second Chance Checking Account:
- High maintenance fees: Many banks with no credit check offer secured credit checking accounts that come with monthly maintenance fees. This can be a significant issue for those seeking no credit check bank accounts or no credit check banks, as the additional costs can add up, especially for those already facing financial challenges.
- No overdraft protection: Second chance checking account does not offer overdraft protection. No one indeed wants to overdraft their account. Some people also feel peace of mind knowing they can temporarily overdraw their funds to meet their daily expenses.
- Does not repair bad credit: A second chance checking account, often sought by those needing a bad credit checking account, does not do anything to help repair bad credit. If you have bad credit, any denied opening account, or a loan, you will need to take separate steps to improve it.
How can you improve your credit rating to get a better bank account?
Here are some useful tips which help you to improve your credit rating:
- Check for errors or fraudulent activity.
- Always pay the credit back on time.
- Get some credit if you do not have any.
- End any negative financial associations.
- Do not apply for too much new credit.
How Did We Choose Best Bank Accounts for Bad Credit?
At Guru99, we are committed to providing credible, accurate, and objective information. With over 100 hours of research into 40+ banks with no credit check, my in-depth and unbiased article offers comprehensive features, pros, and cons, making it an essential guide for selecting the right bank. Choosing a bank when you have bad credit can be challenging, but our focus on accounts with essential features and minimal fees aims to help you rebuild your credit. Below are the points that we focus on when choosing the best bank accounts for bad credit:
- Monthly service fees: The first thing you need to check is the monthly service fees. When you have bad credit, a monthly service fee may be mandatory unless you meet certain criteria. Most banks allow customers to avoid monthly fees by keeping their balance above a certain amount.
- No Minimum Balance Requirements: Avoid accounts that require a minimum balance. Look for a bank that does not require you to keep a certain amount of funds in your checking account. Therefore you will not require to worry about dipping below the minimum deposit limit and getting hit with fees.
- Free Perks: Some banks offer new clients free checking account perks. Cashback rewards are the best perk offered by banks. Some banks also offer unlimited cash back rewards for purchasing daily need items.
- Mobile Banking: Mobile banking gives customers a convenient way to connect with their Bank. Mobile banking also allows banks to create a closer banking relationship with their customers.
Verdict
When you need a bank account that accommodates bad credit, the best way to choose is by considering the specific features that cater to your needs. I have detailed three top-notch options for your convenience.
- NorthOne offered an easy way to open a checking account without needing a credit score check.
- Chime is remarkable for its user-friendly approach, with no monthly fees and a feature set designed to help you rebuild your financial standing.
- Current is a superior choice if you are deciding to go for a modern, app-based solution that offers real-time notifications and budgeting tools.
NorthOne USA is great for those with bad credit, providing a remarkable solution. It provides a facility for online banking, bill pay, and mobile deposits. This bank offers an automatic rebate of ATM fees charged by other banks.
