Would you like to open a checking account, but you’re worried that your bad credit and past banking history might get in the way? With these issues, it can be difficult to find a bank or credit union to take you on as a customer.
When attempting to open a new bank account, most financial institutions will pull your ChexSystems report. This report will show them your past banking history including overdrafts, bad checks, check fraud, negative balances, or excessive withdrawals.
If you’ve had any of these issues in the past five years, it will most likely be on your ChexSystems record. Fortunately, there are several reputable banks that don’t use ChexSystems or run a credit check to qualify customers. There are also numerous banks that offer second chance checking accounts for people with bad credit.
OUR TOP PICK
Best Checking Account for Bad Credit of 2022
- No minimum opening deposit.
- No monthly service fee.
- Available in all 50 states.
- Over 60,000+ fee-free ATMs.
Best Checking Accounts for Bad Credit of 2022
There are plenty of banks and credit unions that don’t use ChexSystems to choose from, all of which offer different features and benefits regardless of your banking history.
With Chime, a bad credit score is no longer a deal-breaker. They offer an award-winning financial app and debit card with no credit check.
You can open a Chime Spending Account online with no monthly fees. And by that, we mean no overdraft fees, no monthly maintenance fees, no foreign transaction fees, and no minimum balance fees—ever. They’ll even spot you $200 when you overdraft.
Chime also offers a new way to build your credit with the Chime Credit Builder Visa Credit Card. It’s a secured credit card with no annual fees, no credit checks, and no interest charges.
They offer over 60,000 fee-free MoneyPass® and Visa® Plus Alliance ATMs. Plus, you can get your paycheck up to 2 days earlier with direct deposit. You can also deposit cash for free at over 8,500 Walgreens.
Chime is definitely the best option on this list.
Sable claims to be the “The world’s fastest, most premium path to financial freedom.”
You can open a bank account and get a debit card and secured credit card in 5 minutes. That is pretty fast.
With a Sable account, there are no monthly service fees, no credit checks, and no minimum deposit required. On top of that, you can get an unsecured credit card in about 4 months. That’s 3x faster than what traditional banks offer.
And the Sable credit card offers 2% cashback on your favorite brands.
Another unique feature is that you don’t need a social security number or U.S. credit history. Plus, you can send money to 55+ countries and get multilingual customer support.
Current is one of the fastest-growing mobile banking solutions in the U.S., with over one million members. However, Current is a financial technology company, not a bank. Most importantly, Current does not use ChexSystems or pull your credit report.
Some features of the Current mobile banking account include fee-free overdraft protection of up to $100, 40,000 fee-free Allpoint ATMs, and no minimum balance or hidden fees.
You can also get paid up to two days early with direct deposit and earn up to 15x points, and get cashback.
With the Aspiration Spend & Save account, you can earn up to 1% APY, plus you get unlimited fee-free withdrawals at over 55,000 ATMs. The minimum opening deposit is $10. Deposits are FDIC insured up to $2 million, and you can get paid up to two days early.
The Aspiration debit card is made from recycled plastic. Deposits are 100% fossil fuel-free. And they even give you the option to plant a tree with every card swipe.
The Upgrade Rewards Checking account has no credit check, no monthly fees, no ATM fees, and no transfer fees. Plus, you’ll get up to 2% cash back on everyday debit card purchases. If you use an out-of-network ATM, Upgrade will give you a rebate on up to five ATM fees per month if you meet certain conditions.
Upgrade has a bank partnership with Cross River Bank, Member FDIC. Your funds are FDIC-insured up to $250,000. You can also get up to 20% lower rate on loans & credit cards through Upgrade.
TD Ameritrade offers a brokerage account with a comprehensive cash management checking account. As a client, you get unlimited check writing. Once you open the brokerage account, you can complete the checking account application online.
A Cash Management account also gives you access to free online bill pay, as well as a free debit card with nationwide rebates on all ATM fees. In addition, there are no monthly fees if you maintain a $100 minimum daily balance. However, it’s important to note that a TD Ameritrade checking account is not FDIC-insured or bank guaranteed.
The SoFi Checking and Savings account has no overdraft fees, no minimum balance fees, and no monthly fees. Plus, it offers 55,000+ fee-free ATMs within the Allpoint® Network. Similar to Chime and Current, you can get your paycheck up to 2 days early when you set up direct deposit.
You’ll also get a 1% APY on your checking and savings accounts and up to 15% cash back at local establishments with your SoFi debit card.
Navy Federal Credit Union
To qualify for Navy Federal Credit Union membership, you must be an active-duty or retired member of the military, which includes the Armed Forces, National Guard, Coast Guard, and the Department of Defense.
If this sounds like you, then NFCU could be a great choice because they don’t use ChexSystems or EWS. Plus, there is a free checking account option with no minimum balance requirements and no monthly service fee with a qualifying direct deposit.
Langley Federal Credit Union
Langley FCU is another credit union that doesn’t use ChexSystems. They are located in Virginia, but membership is open to customers in all 50 states.
You must first open a share savings account with a minimum deposit of $5 before you can open a checking account. There are no minimum balance or monthly service charges. In addition, they offer free online and mobile banking, free online bill pay, and access to 55,000+ Allpoint ATMs Nationwide.
Account-holders can also get paid up to 3 days early with direct deposit.
FSNB (formerly Fort Sill National Bank) doesn’t use ChexSystems, and you don’t have to be in the military to apply.
The Basic Checking account has a $5 minimum deposit, and you need a daily minimum of $75; otherwise, you’ll be charged a fee of $5.50. In addition, account-holders get a Visa CheckCard and free online banking services.
For people residing in Alabama, Florida, Georgia, Mississippi, and Tennessee, Renasant there is no credit check and they don’t look at your ChexSystems, EWS, or Telecheck record.
However, you won’t be eligible if you owe any money to the bank. Account-holders also get a Mastercard debit card. All of their checking accounts require a $50 minimum deposit, and you’ll be charged $7.50 each month unless you maintain a balance of $500 or more.
United Bank doesn’t use ChexSystems, but there are only locations in Maryland, Ohio, Pennsylvania, Virginia, West Virginia, and Washington, DC. You can open an account with a $50 minimum deposit. There is no minimum balance requirement or monthly fees.
You can also upgrade to rewards checking, where you earn cashback rewards and discounts on movies, theme parks, and prescriptions. It’s only $10 a month, or you can have the fee waived if you reach 15 purchase transactions monthly or have a minimum of $500 in regular deposits.
1st Convenience Bank
1st Convenience Bank is a branch of 1st National Bank Texas, and it’s only available in Texas, New Mexico, Arkansas, and Arizona. The bank doesn’t use ChexSystems to determine who can open an account.
You’ll need a minimum deposit of $20 to open a new checking account. And the bank does charge a monthly maintenance fee. However, you can avoid all monthly fees if certain conditions are met.
Huntington National Bank
Huntington has locations in Arizona, Colorado, Illinois, Indiana, Michigan, Minnesota, Ohio, South Dakota, and Wisconsin.
Huntington bank does use ChexSystems, but you can still qualify for a checking account as long as you don’t owe the bank any money. However, applicants with an EWS record may not qualify.
For Huntington’s basic account, there is no minimum opening deposit and no minimum balance requirement.
U.S. Bank’s Easy Checking Account is a great option for anyone trying to deal with the fallout of a negative ChexSystems report. When setting up the checking account, account holders will receive a free U.S. Bank Visa debit card and use of the mobile app.
If you have combined monthly direct deposits totaling $1,000 or more, U.S. Bank will waive the $6.95 monthly maintenance fee. U.S. Bank is accessible to banking customers across the U.S.
BancorpSouth offers several checking accounts that don’t use ChexSystems, including My Way Checking. This account comes with the basic features you’d expect, like a free debit card, online banking, and bill pay.
You can open an account with a minimum deposit of $50. And you can get the monthly fee waived by meeting certain requirements.
Varo Bank is an online-only bank that doesn’t use ChexSystems. So you can open a new checking account without worrying about the bank running your ChexSystems report. Varo requires no minimum deposit and has no monthly fees. Account-holders also get early access to direct deposit payments. Direct deposits usually post on the same day they’re received.
Varo Bank knows that just because you need second chance banking doesn’t mean you want sub-standard service. Your account comes with a free Visa debit card, access to over 55,000 Allpoint ATMs, and free paper check mailing.
GoBank is a solid bank that offers bad credit checking accounts. With this checking account, account holders can avoid its monthly fee of $8.95 with a $500 direct deposit.
Plus, GoBank offers free access to 42,000 ATMs; up to four free withdrawals per month. You can also get your paycheck up to two days before payday and government benefits up to four days before benefits day.
You’ll need a minimum deposit of $50 to open a Simple Checking Account at Regions Bank. This account doesn’t come with too many bells and whistles. However, it’s a good option for anyone who wants a checking account from a bank that doesn’t use ChexSystems.
Regions Bank will lower your monthly maintenance fee from $8 to $5 per month if you sign up for online statements. And you’ll have the option to open a savings account through Regions Bank as well.
Bank OZK was formerly called Bank of the Ozarks. For a minimum initial deposit of $50, this bank offers a Pathway Checking account that gets you access to a bank account regardless of your ChexSystems history.
The monthly fee for this checking account is $10. Once you start using your account, there’s no minimum balance requirements.
Can you really open a checking account with no credit check?
Banks that Don’t Use ChexSystems
These banks simply don’t pull your ChexSystems credit report. The bank accounts that they offer people with bad credit are the same accounts with the same features that they offer to everyone.
Second Chance Checking Accounts
Second chance banks may do a credit check or use ChexSystems, but they’re willing to give you a second chance regardless of your banking history. Second chance bank accounts usually come with a monthly maintenance fee.
The best second chance checking accounts still have some of the same features and benefits as ChexSystems banks and credit unions, such as overdraft protection, online banking, and bill pay.
With both accounts, you should also be able to upgrade to a standard checking account once you have a positive banking history.
Having bad credit doesn’t mean you can’t get a bank account. But, it does mean that your selection will be somewhat limited. We also show you how to clear your name and remove yourself from ChexSystems so that you can get a bank account anywhere. However, it may take some time to get your name removed. Meanwhile, some of the banks we’ve listed above are just as good, if not better, than any account on the market right now, so it’s a good idea to start with one of those.