Have you been blacklisted by ChexSystems? If so, you’re probably wondering how you can open a checking or savings account.
Having an account in ChexSystems can remain there for 3 to 5 years. And, unfortunately, about 80% of all banks and credit unions in the U.S. use ChexSystems.
However, there are some banks that don’t use ChexSystems. Plus, some “second chance” banks offer options to people who can’t get approved for an account elsewhere.
The reason you’re probably here is because you want to know, “does BMO Harris use ChexSystems?” Unfortunately, the answer is, yes, they do.
However, as we mentioned, you still have options. There are numerous banks and credit unions that don’t use ChexSystems. Below is a list of what we believe are the top 3 options. You will also find a list of other resources, including more options and a guide on how you can get out of ChexSystems.
Best Banks That Don’t Use ChexSystems
With Chime, a bad credit score is no longer a deal-breaker. They offer an award-winning mobile bank account and debit card with no credit check.
There are no hidden bank fees. And by that, we mean, no overdraft fees, no monthly maintenance charges, no foreign transaction fees, and no minimum balance fees – ever.
They offer over 60,000 surcharge fee-free ATMs. Plus, you can get your paycheck up to 2 days earlier with direct deposit. Chime is definitely one of the best second chance banking options on this list.
The Acorns Spend Checking Account is the best of both worlds. It’s a flexible online checking account, and it also provides Acorns’ core investing functionality.
When you sign up for the account, you’ll receive an Acorns Visa debit card. And every time you swipe your card, Acorns rounds your transaction up to the nearest dollar. These funds are then invested in one of the preselected ETF funds you chose.
Plus, Acorns Spend comes with several other helpful features. There are no ATM fees, and Acorns will reimburse you monthly for any third-party fees you accrue. And there are no overdraft fees or minimum balance requirements.
There is a $3 monthly fee for the Acorns Spend Checking Account, but the unlimited ATM reimbursements will more than compensate for this. Here is an overview of the account’s features:
- Unlimited ATM reimbursement
- No overdraft fees
- No minimum balance required
- FDIC-insured up to $250,000
- Comes with mobile banking
- Automated bill pay
- Mobile check deposit
- Direct deposit
Looking for more options? Check out the full list here.