13 banks that do not use ChexSystems

Probably, like many people, you have made financial mistakes in the past and have been blacklisted by ChexSystems. If so, you may even have been blocked from opening bank accounts. But don’t worry, all is not lost. In this article we will talk about 13 banks that do not use ChexSystems.

Some banks choose to ignore a bad credit report and give customers a second chance to open a checking account. Yes indeed, keep in mind that if you have bad credit you will have to assume more charges on your accountbut it is a way to “get back in the game” if you have had financial problems in the past.

There are banks that do not do credit checks; here we will tell you where to find the best bank accounts for people who need a second chance. The idea is that you know more about banks that do not use ChexSystems and how they work.

Banks that do not use ChexSystems

What is ChexSystems?

ChexSystems, Inc. is a credit reporting agency that collects data from banks and credit unions on consumer checking and savings account activity. The company uses this information to create tools – including consumer reports – that financial institutions can use to screen potential customers.

This agency helps banks and credit unions spot dangerous applicants by issuing reports detailing past financial activity such as overdrawn and closed accounts and unpaid debts. Once you have been flagged by ChexSystems, you may have difficulty obtaining a bank account.

13 banks that do not use ChexSystems

If you have a few blemishes on your banking history, you’re in luck, you still have a second chance. Although banks check applicants’ credit, some banks do not use ChexSystems. Also, some banks will access the reports but not make their decisions based solely on that information.

Here is a list of no credit check bank accounts and the banks that offer them:

1.TD Ameritrade

TD Ameritrade does not use ChexSystems to screen applicants, although opening an account is subject to a mild credit check. It is a brokerage company; therefore, you will need to open a brokerage account before you can apply for a checking account. online cash services. Yes, it is possible to open a TD Ameritrade online bank account with no minimum deposit and bad credit.

These are some of the advantages of this account:

  • Monthly charges: None
  • Minimum Deposit: None
  • Minimum Balance: None
  • You also need to know: Interest on deposits, free ATM withdrawals, unlimited check issuance and free online/mobile banking.

2. Axiom Bench

Everyone deserves a second chance. That’s why Axiom is part of our list of the 13 banks that do not use ChexSystems And they don’t check credit. The financial institution offers second-chance banking and may overlook your credit report by providing you with a checking account. Based in Central Florida, This community bank offers its Opportunity Checking account to those who have made previous financial mistakes.

The features of the account:

  • Monthly charges: $12.95
  • Minimum deposit: $25.00
  • Minimum balance: None
  • You also need to know: Mobile banking and free mobile deposit

3.Woodforest National Bank

The Woodforest National Bank, a regional financial institution, offers its second chance checking account to customers with a history of banking problems. Here are the details:

  • Monthly Fees: $9.95 with direct deposit, $11.95 otherwise; $3 for paper statements (or choose free e-statements)
  • Minimum deposit: 25 dollars
  • Minimum Balance: None
  • You also need to know: a $9 setup fee is required.

4.United Bank

A bad report from ChexSystems is not a problem for United Bank, the negative point of this bank is that it only has offices in Alabama and Florida. United Bank offers several products for customers with little or no credit, including personal loans, a Visa Secured Credit Card and the Gateway Checking account.. However, you will have to be careful with all the different types of charges. Here are the details about the checking account:

  • Monthly charges: $10
  • Minimum Deposit: None
  • Minimum Balance: None
  • You also have to know: Online Banking, $4.95 per month; mobile deposit, 2 dollars.

5. Southwest Financial Federal Credit Union

The Southwest Financial Federal Credit Union, based in Texas, offers checking without checking, which may be an option if you’ve had trouble qualifying for a bank account. The account includes:

    • Monthly fees: None
    • Minimum Deposit: None
    • Minimum Balance: None
    • You also have to know: Online or mobile banking included; overdraft protection with linked savings account available.

6. Green Dot

Although not a bank, Green Dot is an option if you are looking for a checking account with bad credit. The Green Dot Reloadable Prepaid Debit Card does not use ChexSystems, and does not require a credit check.

Prepaid debit card details include:

      • Monthly Charges: $9.95, unless you load $1,000 or more on the card during the previous monthly cycle.
      • Minimum Deposit: None
      • Minimum Balance: None
      • You also need to know: Free, pay-as-you-go program with $1 per purchase; $5.95 cash reload fee per transaction.

7. Wells Fargo

Wells Fargo Offers Opportunity Checking to Customers with Negative ChexSystems Reports. You’ll need to open the No Credit Checking bank account at a local branch, but it will include everything you’d expect from a basic checking account, like online banking to make paying bills easier, for example. Other features include:

      • Monthly Fees: $10 (unless you make 10 debit card purchases, maintain a daily balance of $1,500, or post a total of $500 in direct deposits per statement cycle).
      • Minimum deposit: 25 dollars
      • Minimum Balance: None
      • You also need to know: It comes with a Platinum debit card

8. Capital One 360

If you’re worried about what Capital One 360 ​​will find out when they order your report from ChexSystems, you’ll be happy to know that the bank looks at other risk factors in addition to your credit report before approving you. Chances are if you have a good credit score – or at least some history – you’ll be accepted. This is what your account will include:

      • Monthly fees: None
      • Minimum Deposit: None
      • Minimum Balance: None
      • You should also know: There are no fees and you have the possibility to earn 0.20% interest on your balance.

9. BBVA

BBVA is known for approving its Starter Checking Account to people who have had problems with their bank accounts in the past. Use Early Warning Services instead of ChexSystems to decide if you’re creditworthy. The bank offers the Easy Checking account, which gives a second chance to those who don’t qualify for a standard checking account. Here are the details:

      • Monthly charges: $13.95 monthly service charge
      • Minimum Deposit: $25 minimum opening deposit
      • Minimum Balance: None
      • You should also know: No ATM fees at BBVA ATMs, unlimited check writing and free online/mobile banking with mobile deposit and online bill payment.

10.Chime

Chime is an online bank that offers its customers a great mobile app and a linked debit card for withdrawals and purchases. The best part for customers who are concerned about their credit is that Chime Bank does not do credit checks and is one of the banks that do not use ChexSystems.

      • Monthly fees: None
      • Minimum Deposit: None
      • Minimum Balance: None
      • You also need to know: Offers direct deposit for your paychecks; receive payment up to two days before.

11. Varus Bank

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 of banks that do not use ChexSystems to determine if you are creditworthy or not. Here are some details:

      • Monthly charges: None
      • Minimum Deposit: None
      • Minimum Balance: None
      • You also need to know: You receive your check payment by direct deposit; You will have the payment up to two days before.

12. San Diego County Credit Union

At SDCCU, even if you have a history of bad checks or bad credit, you probably won’t be excluded from opening an account. However, there is a limitation, you must live or work in San Diego, Riverside or Orange counties to qualify. There are three checking accounts available with the following features:

      • Monthly fees: None, $5 or $15, which can be waived with a minimum account balance or by receiving direct deposits.
      • Minimum deposit: from 25 to 5,000 dollars, depending on the account.
      • Minimum balance: None, unless you want to avoid the monthly fee.
      • You also need to know: Cash back rewards when you pay with the included debit card.

13. Credit Union ONE

Based in Michigan, ONE Credit Union allows you to open a no credit checking bank account. The basic checking account is designed to help customers get back on their feet. This is what you need to know:

      • Monthly fees: $15, or $10 when receiving direct deposits
      • Minimum deposit: 25 dollars
      • Minimum Balance: None
      • You also have to know: Platinum debit card included; one point per $3 spent, redeemable for travel, cash, gift cards and merchandise.

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