Banks that don't use ChexSystems
Banks that don't use ChexSystems

Here are 19 banks that don’t use ChexSystems

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Banks that don’t use ChexSystems: Like many people, you probably have made financial mistakes in the past and have been blacklisted by ChexSystems. You might even be unable to open a bank account as a result. Do not despair, there is still hope. We are going to tell you about 19 banks that don’t use ChexSystems in this article.

Customers with a bad credit report may be given a second chance to open a checking account by some banks. Unless you have bad credit, you are going to have to take on more charges on your account because of the fact that you have bad credit, but it is a way to “get back in the game” if you have had financial problems in the past.

We will tell you where to find the most suitable bank accounts for people with bad credit because there are banks that don’t perform credit checks. This is to give you an idea of how banks that don’t use ChexSystems work.

What Is ChexSystems?

A credit reporting agency, ChexSystems, Inc., collects information about consumer checking and savings account activity from banks and credit unions. Based on this information, the company generates screening tools for financial institutions, such as consumer reports.

The agency assists banks and credit unions in screening applicants by providing detailed reports detailing previous financial issues such as overdrawn and closed accounts as well as unpaid debt. Once ChexSystems flags you, it may be difficult for you to open a bank account.

Keep Reading: What to do if you want to cancel a Visa credit card payment

Here are 19 banks that don’t use ChexSystems

It’s not too late, you still have a chance if you have a few blemishes on your banking history. Some banks don’t use ChexSystems to check applicants’ credit. In addition, some banks review the reports but do not solely use them in their decision-making.

The following list contains no credit check bank accounts and the banks that offer them:

Here is a list of the 13 banks that do NOT perform credit checks with ChexSystems:

  • TD Ameritrade
  • Axiom Bank
  • Woodforest National Bank
  • United Bank
  • Southwest Financial Federal Credit Union
  • Green-dot
  • Wells Fargo
  • Capital One 360
  • BBVA
  • Fireplace
  • Varo Bank
  • San Diego County Credit Union
  • Credit Union ONE
  • Navy Federal Credit Union
  • SoFi
  • US Bank
  • Renasant Bank
  • Go2Bank
  • Acorns

1. TD Ameritrade

ChexSystems is not used by TD Ameritrade to screen applicants, although setting up an account does require a mild credit check. It is a brokerage company, so you will need to open a brokerage account before you can apply for an online cash services checking account. If you have no credit and no minimum deposit, it is possible to open an account at TD Ameritrade online.

The following are some of the advantages of this account:

  • No monthly charges
  • No minimum deposit
  • No minimum balance
  • Additionally, you should know: Interest on deposits, free ATM withdrawals, unlimited check issuance, and free online/mobile banking.

2. Axiom Bank

Second chances are deserved by everyone. This is why Axiom is on our list of 13 banks that do not use ChexSystems and do not conduct credit checks. You might qualify for second-chance banking if a financial institution provides you with a checking account despite your credit report. The Community Bank of Central Florida offers its Opportunity Checking account to those who have made financial mistakes in the past.

This account has the following features:

  • Charges per month: $12.95
  • Minimum deposit: $25
  • No minimum balance
  • Mobile banking and free mobile deposits are also available

3. Woodforest National Bank

Woodforest National Bank, a regional financial institution, offers its Second Chance Checking account to customers with a history of financial problems. Here are the details:

  • If you choose direct deposit, the monthly fee is $9.95; otherwise, $11.95; $3 for paper statements (or choose free e-statements).
  • Minimum deposit: $25.
  • No minimum balance.
  • Setup fees of $9 are also part of the deal.

4. United Bank

United Bank does not have a problem with a damaged report from ChexSystems. The problem is that it is only located in Alabama and Florida. The bank offers several products for customers with bad credit or no credit. These include personal loans, a Visa Secured Credit Card and a Gateway Checking Account. With so many different kinds of charges, you will need to be very cautious. The checking account has the following details:

  • Charges: $10 per month
  • No deposit required
  • No minimum balance
  • You should also know that Online Banking is $4.95 per month and Mobile Deposit is $2.

5. Southeast Financial Federal Credit Union

You may be able to open a checkless checking account with the Texas-based Southwest Financial Federal Credit Union if you have trouble getting approved for a bank account. Features include:

  • No monthly fees
  • No deposit required
  • No minimum balance required
  • Additionally, there is overdraft protection with a linked savings account, as well as online and mobile banking.

6. Green Dot

The Green Dot checking account is an option if you have bad credit, even though it is not a bank. Green Dot Reloadable Prepaid Debit Card does not use ChexSystems and does not require a credit check.

Details of prepaid debit cards include:

  • You will be charged $9.95 per month, unless you loaded $1,000 or more on the card during the previous cycle.
  • There is no minimum deposit.
  • Minimum Balance: Zero.
  • As well as this, you should know that the program is free, pay-as-you-go, and there is a $5.95 reload fee per transaction.

7. Wells Fargo

Customers with negative ChexSystems reports are offered Wells Fargo’s “Opportunity Checking” service. You will need to open the No Credit Checking bank account at a local branch. However, it will include everything you’d expect from a basic checking account, such as online banking for easier bill payments. The account also includes:

  • Fees per statement cycle: $10 (unless you make 10 debit card purchases, maintain a daily balance of $1,500, or post a total of $500 in direct deposits).
  • There is a $25 deposit minimum.
  • No minimum balance required.
  • There is also a Platinum debit card included.

Keep Reading: How do I change the PIN on my Wells Fargo card

9. BBVA

The Starter Checking Account at BBVA is known for approving people who have had problems with their bank accounts in the past. Decide if you are creditworthy with Early Warning Services rather than ChexSystems. Easy Checking is offered by the bank, which gives those who do not qualify for a normal checking account a second chance. Here’s how it works:

  • Charges per month: $13.95
  • • Minimum deposit: $25
  • No minimum balance
  • BBVA ATMs have no fees, you are able to write unlimited checks, and you can use mobile deposit and online bill pay for free.

10. Chime

With Chime, customers have access to a convenient mobile app and a debit card for withdrawals and purchases. If you are concerned about your credit, Chime Bank does not do credit checks and is one of the few banks that does not use ChexSystems.

  • No monthly fees
  • No minimum deposit
  • No minimum balance
  • Pay checks are deposited directly into your bank account; pay is received up to two days before the payday.

11. Bank Varo

Varo Bank is a free online bank, willing to work with customers with bad credit. You have many possibilities of being able to open an account with them since it is another bank that does not use ChexSystems to determine if you are creditworthy or not. Here are some details:

  • Monthly charges: None
  • Minimum Deposit: None
  • Minimum Balance: None
  • Additionally, you will receive your check payment by direct deposit; you will have the money up to two days before it is due.

12. San Diego County Credit Union

At SDCCU, you likely won’t be excluded from opening an account if you’ve had bad checks or bad credit in the past. You must live or work in the counties of San Diego, Riverside, and Orange to qualify. We offer three types of checking accounts:

  • There are no monthly fees. You may receive a direct deposit to waive the minimum balance requirement or the $15 monthly fee.
  • Deposits range from 25 to 5,000 dollars, depending on the account.
  • Monthly fees are waived if the minimum balance is maintained.
  • Using the included debit card will also earn you cash back rewards.

13. Credit Union ONE

You can open a no credit check bank account at ONE Credit Union in Michigan. Getting back on your feet is the purpose of the basic checking account. Below are the essentials:

  • Fees: $15 per month, or $10 if you receive direct deposits
  • Deposits must be at least $25
  • No minimum balance required
  • There is a Platinum debit card included; one point per $3 spent; redeemable for travel, cash, gift cards, and merchandise.

14. Navy Federal Credit Union

Navy Federal hasn’t approved or denied checking accounts using ChexSystems in years, according to a representative. As a member of the Navy Federal, you are only eligible for this option. A wide range of people may join the association, including veterans, active-duty or retired military personnel, Department of Defense employees, and their families. Depending on your balance or status as a student, you can choose from up to five checking accounts.

  • Monthly fees: None except for a $10 fee for Flagship Checking, which can be waived with average daily balances of $1,500 or more
  • Minimum deposit: None
  • Minimum balance: None
  • What else you need to know: NFCU debit card included; dividends range from 0.01% to 0.45%, depending on the account

15. SoFi

A SoFi Money cash management account is a good way to stay off the radar of ChexSystems. Plus, you’ll earn 0.25% APY on balances over $500. In spite of the fact that SoFi isn’t a bank, your funds are FDIC-insured when they arrive at the banks of SoFi’s partners.

Using this online-only option, you can expect the following:

  • Monthly fees: None
  • Minimum deposit: None
  • Minimum balance: None
  • What else you need to know: All point offers no ATM fees at over 55,000 machines.

16. US Bank

If you have had problems with ChexSystems in the past, U.S. Bank offers a Safe Debit account that doesn’t require checks. The bank representative said that it does not use ChexSystems to approve or deny Safe Debit accounts. Although you may not have as much functionality as you would with other checking accounts, you will at least be able to choose a better account history. Plus, you’ll be able to track your progress with free access to your credit score when you have a Safe Debit account.

  • Monthly fees: $4.95
  • Minimum deposit: $25
  • Minimum balance: None
  • What else you need to know: Comes with a Visa debit card; there are no overdraft fees.

17. Renasant Bank

With over 200 locations throughout Alabama, Georgia, Mississippi and Tennessee, Renasant Bank serves the South well. Having made a mistake in the past isn’t a problem with Renasant – the bank doesn’t look at ChexSystems before it approves your account. You will have three checking options and one student checking account to choose from.

  • Monthly fees: $6 to $10
  • Minimum deposit: $50
  • Minimum balance: None
  • What else you need to know: On all accounts except the basic Renasant Checking you’ll earn interest and be eligible for ATM fee rebates.

18. Go2Bank

Green Dot’s Go2Bank service offers individuals looking for bank accounts without credit checks or ChexSystems a second generation of banking. This mobile-only platform was originally called GoBank, but some changes were made that required some reinvention. Go2Bank makes banking affordable and easy, giving a chance to anyone having difficulty opening an account.

  • Monthly fees: $5 or no fees with direct deposit
  • Minimum deposit: None
  • Minimum balance: None
  • What else you need to know: Offers direct deposit, allowing you to receive your pay two days earlier. You can also earn 7% cash back when you purchase electronic gift cards from participating retailers.

19. Acorns

Acorns is a mobile brokerage service that specializes in investing. By opening a Spend checking account, you can avoid ChexSystems and credit checks. Spend accounts have low fees and are a great way to turn over a new leaf by managing banking, investments and even retirement funds all in one place.

  • Monthly fees: $3 per month for an individual account or $5 for families
  • Minimum deposit: None
  • Minimum balance: None
  • What else you need to know: Automatically invest part of your paychecks when you receive direct deposits two days early

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