10 Best Bank Accounts for Bad Credit (No Credit Check Online)

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 you have had financial problems in the past. Following are some of the banks with no credit check to open an account with their website links. Read more…

Best Online Banks with No Credit Check to Open Account

Bank Name	Minimum opening deposit	Monthly fees	Credit Check	Link
👍 Current	None	None	No	Learn More
👍 Chime	None	None	No	Learn More
FirstCitizensBank	$50	$0 when enrolled in paperless statements	No	Learn More
NorthOne	None	$10	Yes	Learn More
Wise Business	None	$10	No	Learn More

1) 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.

Pros:

• 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.

Cons:

• 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 >>

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2) Chime

(Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A., Members FDIC, pursuant to a license from Visa U.S.A. Inc. and may 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.)

Pros:

• It helps you to transfer money, send and deposit checks and pay bills.
• Chime gives you access to cash across 60,000 fee-free ATMs. (Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.)
• It provides an optional savings account that can earn 2.00% (APY) on your savings. (The Annual Percentage Yield (“APY”) is variable and may change at any time. The disclosed APY is accurate as of May 22, 2023. No minimum balance required. Must have $0.01 in savings to earn interest. Note: When advertising “APY” in collateral, the term “Annual Percentage Yield” must first be stated at least once in the advertisement.)
• No monthly service charge or overdraft fees.
• It provides mobile deposits and transfers. (Mobile Check Deposit eligibility is determined by Chime in its sole discretion and may be granted based on various factors including, but not limited to, a member’s direct deposit enrollment status.)
• Direct deposits for paychecks offered for bank accounts for bad credit. (The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.)
• Daily balance updates on the mobile app and its website.

Cons:

• Not very convincing customer care support.
• No physical branches, so customer service is only available through the app, phone, or email.
• It does not take out of network ATM withdrawals.

Key Specs:

Minimum opening deposit: $0.
Monthly fees: $0.
Minimum deposit: None.
Minimum balance: None.

Visit Chime >>

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3) FirstCitizensBank

FirstCitizensBank 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.

Pros:

• 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
• Free Trial: Basic Checking Free

Cons:

• You need to pay a monthly fee
• Only helps with credit card debt

Key Specs:

Minimum opening deposit: $50.
Monthly fees: $0 when enrolled in paperless statements
Minimum deposit: None.
Minimum balance: None.

Visit FirstCitizensBank

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4) NorthOne

The NorthOne is a well-known bank that does not check your credit score to open a checking account. In this bank with no credit check, you can easily set up your checking account with various facilities. NorthOne USA bank also offers an active bank account for bad credit.

Pros:

• 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 is taken for bank accounts for bad credit.
• This bank offers an automatic rebate of ATM fees charged by other banks.
• It allows you to keep complete track of your purchases and get instant transaction alerts.
• Robust mobile banking options for regular review of your banking history.
• Good options for bad credit.
• Cashback reward program on their website.

Cons:

• Not available in all the states.
• ATM charge is taken when you perform a transaction out of the network.
• Bank takes insufficient funds fee.
• It charges a deposit item returned fee.

Key Specs:

Monthly fees: $10.
Minimum opening deposit: None
Minimum balance: None.

Visit NorthOne >>

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5) Wise Business

Wise Business is one of the oldest and most trusted digital banks. This bank offers an instant online checking account for bad credit. It also offers different checking accounts, including a second chance checking account.

Pros:

• Overdraft protection is available.
• Option to open second chance savings accounts along with regular checking account.
• It offers bank accounts for bad credit.
• Offers online mobile banking.

Cons:

• Minimum $10 deposit to open an account.
• No interest on checking accounts.
• Daily limits on debit card transactions.

Key Specs:

Monthly fees: $10.
Minimum opening deposit: None
Minimum balance: None.

Visit Wise >>

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6) 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.

Pros:

• 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

Cons:

• You requires a bank account
• Need to pay subscription fee

Key Specs:

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/

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7) Aspiration

Aspiration is an online financial company founded in 2013, which eliminates the traditional banking methods. Aspiration customers have a CMA, an account that allows you to manage cash, make payments, and earn interest. It even has its credit card, namely ZERO.

Pros:

• It gives a “pay what is fair” policy for basic membership, where you can decide what amount up want to pay; it can also be 0$.
• Good cashback on your purchase up to 3-5%
• FDIC insurance up to $2.5 million
• Free Atm withdrawal within the network.

Cons:

• No physical branch
• Only available to residents
• Higher cashback earnings only available with Aspiration Plus
• Higher APY only available with paid Aspiration Plus account
• Out-of-network ATM fees are unclear

Key Specs:

Minimum opening deposit: $10
Monthly fee: Two plans: 1) Aspiration Pay What is Fair- 1) $ 0- 2) Aspiration plus: – $7 per month, or $69 per year.
Minimum deposit: $10 minimum opening deposit
Minimum balance: No minimum balance.

Link: https://www.aspiration.com/

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8) Sofi

SoFi is a cash management account online, which is a good option to open an account with no credit check. You can access SoFi member benefits like career coaching and financial advising.

Pros:

• Unlimited reimbursed ATM fees.
• No hidden bank charges.
• This bank offers a bank account for bad credit with cash bonuses.
• High-yield interest rates without a credit check.
• Easy P2P payments at no cost.
• It allows you to freeze your debit card on the go.

Cons:

• Currently only available to US residents.
• Does not provide 24/7 phone support.

Key Specs:

Monthly account fee: None.
Minimum deposit: None.
Minimum balance: None.

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

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9) Discover

Discover is an online-only bank, so it does not have any physical location. It offers a full range of no deposit accounts for both checking and savings accounts. It helps you to open a bank account for bad credit. It offers an instant bank account for bad credit without a credit score check.

Pros:

• 1% cashback on up to $3000 spent using debit cards.
• So many ATMs are available across various cities.
• This bank also provides bank accounts with no credit check, including free checking accounts with no deposit required.

Cons:

• High transaction rates.

Key Specs:

Mining opening balance: No.
Minimum opening deposit: $0.
Monthly fees: $0.

Link: https://www.discover.com/

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10) Capital One

Capital One is a bank that offers bad credit checking accounts with many credit options. It includes fair credit cards, rebuilding bad credit, and no-deposit accounts.

Pros:

• More than 39,000 available ATMs.
• Direct deposit and online transfers are allowed.
• This bank offers a free checking account, ideal as a ‘no credit check bank account near me,’ with no credit check and no deposit.
• No balance or credit score is required to open a bank account.
• It is one of the best banks that don’t do credit checks.

Cons:

• Not widely recognized.

Key Specs:

Monthly fees: None.
Minimum deposit: None.
Minimum balance: None.

Link: https://www.capitalone.com/

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11) Radius Bank

Radius Bank is a banking service provider that offers an instant online checking account with bad credit. It also offers a second chance banking account called essential checking. It allows account holders to upgrade to rewards checking accounts after one year.

Pros:

• You don’t require a minimum balance to open an account.
• Provides free access to personal finance tracking and radius budgeting apps.
• It is available for mobile and online banking.
• Provides second-chance banking and mortgage services.

Cons:

• High monthly maintenance fee.
• $500 debit card limit.
• It offers a 1,000 daily deposit limit.
• The mobile check deposit limit is $2,000 per 10 days.
• $5 overdraft fee charge remains overdrawn for each and every account.

Key Specs:

Minimum opening deposit: $0.
Monthly fees: $9.

Link: https://radiusbank.com/

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12) Woodforest

Woodforest National Bank allows you to open a bank account without a credit check. It has approximately 747 branch locations spread across 17 states, so it is a good choice for people who wants the option of visiting their bank in person. It also provides a second chance checking account for poor credit or a bad banking history record.

Pros:

• Free electronic bank statement offered for a bank account for bad credit.
• Large network of participating ATMs.
• Offers free ATM transactions as long as you visit an in-network ATM.

Cons:

• $25 minimum deposit to open an account.
• $9.95 monthly maintenance fee.
• $9 one-time account setup fee.
• $32 overdraft fee.
• $15 fee to set up your debit card.

Key Specs:

Monthly fees: $9.95.
Minimum deposit: $25.
Minimum balance: None.

Link: https://www.woodforest.com/

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13) 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 has no credit check to open an account.

Pros:

• Provides a checking account that comes with a free debit card.
• It offers mobile banking.
• Overdrafts are not permitted, so you do not have to worry about overdraft fees.
• It offers secure cash withdrawal from 42,000+ ATMs in-network.
• Provides a minimum deposit when you open a checking account with bad credit, ensuring an instant online account setup.

Cons:

• $8.95 monthly fee, or you need to make monthly direct deposits totaling $500.
• No overdraft facility.
• $3 fee for out-of-network ATM withdrawals.
• $5 fee if you lose your card and need a replacement.
• Cash deposits at participating retailers can cost up to $4.95 per deposit.

Key Specs:

Monthly fees: $8.95.
Minimum deposit: $4.95.
Minimum balance: None.

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

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14) Green Dot

Green Dot is one of the well-known banks with no credit check to open an account with bad credit. Green Dot also offers a prepaid debit card, with no credit check required.

Pros:

• No credit check is required to open an account with banks that don’t check credit.
• It offers free payroll direct deposits and easy check deposits.
• Allows you to review and pay your bills online.
• It provides secured personal banking.

Cons:

• You need to pay charges for cash reloads.

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/

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15) Fifth Third Bank

Fifth Third Express Banking® offers a simple way to manage your funds. This bank with no credit check offers a Visa debit card for immediate access to your money along with the convenience and security of a banking relationship.

Pros:

• No balance requirement or overdraft fees.
• Provides easy check cashing and deposits at Fifth Third branch locations.
• Support for mobile deposit with immediate funds availability.
• Mobile and Online Banking.

Cons:

• No check writing.
• No ATM check deposits.
• No online bill payments.

Key Specs:

Monthly fees: $8.95.
Minimum deposit: None.
Minimum balance: None.

Link: https://www.53.com/

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16) Varo money

Varo is one of the best banks with no credit checks. They offer little to no fees and convenient transactions. This bank also provides instant online checking account for bad credit. With Varo, you can run and review your credit bureau report to determine whether you have bad creditworthiness or not.

Pros:

• It helps you to enhance your credit score by creating bank accounts for bad credit.
• No credit check.
• No minimum balance.
• No overdraft fees.

Cons:

• Cash deposit only available through a third party that charges fees.
• Only two deposit accounts are available.

Key Specs:

Monthly maintenance fees: None.
Minimum deposit: None.
Minimum balance: None.

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

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17) 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.

Pros:

• 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 for bank accounts with no credit checks, ensuring accessibility without the need for a 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 data points 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 lesser than 4 months.

Cons:

• A low credit line stops cardholders from charging high-cost items or many expenses

Key Specs:

Minimum opening deposit: $0.
Monthly fees: $0.
Minimum deposit: None.
Minimum balance: None.

Link: https://sablecard.com/debit

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18) Betterment Checking

Betterment offers a hassle-free, no-fee checking account. It is FDIC insured for up to 250k and offers attractive cashback rewards. It also offers Joint Checking accounts. It does not charge overdraft or other account fees. Its investment platform is leading in the industry.

Pros:

• Betterment’s Visa includes contactless payment, which means you’ll only need your phone to pay.
• Betterment refunds all fees, whether you’re using your card overseas or getting cash out of an ATM locally.
• You can easily block your card from the app if you lose your debit card.
• Supports Apple Pay and Google Pay
• It refunds fees associated with debit card usage at all ATMs

Cons:

• It is a fully online app so that you won’t find a physical branch.

Key Specs:

Monthly Fees: $0
Minimum Account deposit: $0
Minimum balance: $0
Opening deposit: $0

Link: https://www.betterment.com/checking

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.

FAQ:

Best Online Banks with no Credit Check

Bank Name	Minimum opening deposit	Monthly fees	Credit Check	Link
👍 Current	None	None	No	Learn More
👍 Chime	None	None	No	Learn More
FirstCitizensBank	$50	$0 when enrolled in paperless statements	No	Learn More
NorthOne	None	$10	Yes	Learn More
Wise Business	None	$10	No	Learn More