20 Bank Accounts for Bad Credit for April 2024

U.S. Bank is currently welcoming new applicants with a special online offering:

• Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account, and complete qualifying activities.
• Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.
• Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

The account includes a free debit card that can be locked or unlocked if ever misplaced or stolen. There are no ATM transaction fees at U.S. Bank ATMs and no surcharge fees at over 40,000 MoneyPass® Network ATMs.

The checking account requires a $25 opening deposit and a $6.95 monthly fee. This fee can be waived for those 24 and under, 65 and over, or military members (must self-disclose).

Additionally, the fee can be waived with monthly deposits of $1,000+, an average balance of $1,500+, or holding an eligible U.S. Bank credit card. Qualifying for any Smart Rewards® tier (Primary, Plus, Premium, or Pinnacle) also waives the fee.

With the SoFi Checking and Savings account, you won’t have to worry about being charged any overdraft fees, minimum balance fees, or monthly fees.

For a limited time, customers can earn a bonus of up to $300 when they make qualifying direct deposits. This is in addition to the access SoFi provides to more than 55,000 Allpoint® Network ATMs.

You can also enjoy the convenience of receiving your paycheck up to 2 days in advance with SoFi’s early direct deposit feature.

SoFi stands out with its competitive annual percentage yield (APY) – a rewarding 4.60% on savings and 0.50% on checking balances, all with direct deposits. There’s no minimum direct deposit amount necessary to qualify for these rates.

First Tech Rewards Checking & Savings is an ideal solution for those looking for a rewarding banking experience without the traditional constraints. This account combines high-yield interest and multiple financial incentives within a single platform.

There are no minimum balance requirements and no monthly maintenance fees. Members can earn a $300 bonus by setting up a qualifying payroll direct deposit of $1,000 or more per month for three months.

One of the standout features of First Tech is its high interest rate, offering up to 5.00% APY on both checking and savings accounts up to certain balances. This is significantly higher than many traditional and online banks.

Accessibility is also a key benefit, with over 30,000 CO-OP network ATMs available nationwide for fee-free withdrawals. Additionally, First Tech offers enhanced financial flexibility and peace of mind with features like real-time fraud monitoring and free overdraft transfers.

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.

With Current, you can build your credit seamlessly, just by using your debit card on everyday transactions. The best part is that there is no credit check or borrowing involved.

Some features of the Current mobile app and debit card 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 earn up to 4.00% APY on savings and get paid up to two days sooner with direct deposit. In addition, you can earn up to 15x points, and get cashback on debit card purchases.

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 Checking 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 offer access to over 60,000 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.

GO2bank is a neobank developed by Green Dot, is a neobank developed by Green Dot, a well-established fintech known for its prepaid debit cards and banking services.

The bank offers a checking account with savings subaccounts known as vaults, and the best part is that there is no minimum balance required to open an account online.

The savings account offers an attractive 4.50% APY on savings up to $5,000. Additionally, you can deposit cash at any of the 90,000 retail locations or withdraw funds from any of the 19,000 fee-free ATMs.

You can also use the mobile app’s check deposit feature to deposit checks directly into your checking account.

With direct deposit, you can even receive your pay up to 2 days early or your government benefits up to 4 days faster. Opt-in for overdraft protection and be eligible for up to $200 in coverage with eligible direct deposits.

Responsible use of the GO2bank Secured Visa Credit Card can also help you build your credit over time.

If you receive a payroll or government benefits direct deposit in the previous monthly statement period, your monthly fee is waived. Otherwise, it is only $5 per month.

The Walmart MoneyCard is a prepaid debit card that offers a robust alternative to traditional checking accounts.

This card stands out with its cash back rewards program, offering up to 3% cash back when shopping at Walmart.com, 2% at Walmart fuel stations, and 1% at Walmart stores, up to a total of $75 each year.

Users can also enjoy the peace of mind offered by the overdraft protection feature, covering up to $200 for purchase transactions with opt-in and eligible direct deposits.

The ASAP Direct Deposit feature is another great perk, allowing users to receive their pay up to two days earlier and benefits up to four days earlier.

Additionally, with the Walmart MoneyCard, you can earn a 2% APY on savings and have chances to win cash prizes each month. The monthly fee of $5.94 can be waived with a direct deposit of $500 or more in the previous monthly period.

Chase is one of the most popular banks in the U.S. And now, they offer an account called Chase Secure Banking that doesn’t require a credit check, doesn’t use ChexSystems, and doesn’t charge overdraft fees.

Account holders also get access to over 16,000 ATMs, free online bill pay, and free money orders and cashier’s checks.

With 4,700 locations across the country, this is an excellent option for anyone who prefers having access to physical branches.

Opening a Chase Secure Banking account comes with a $100 cash bonus when you use the card for 10 purchases within 60 days.

Account approval is immediate and you’ll receive your debit card within days. There is a small monthly service fee of $4.95; however, there is no minimum deposit to get started.

Dave is a forward-thinking banking app designed especially for those with suboptimal credit scores. The monthly fee for full access to the Dave app is just $1.

Its flagship feature, the ExtraCash™ advance, empowers users to instantly access up to $500 after linking a bank account and transferring to a Dave Spending account, all without interest or late fees.

This offering has seen remarkable success, with over 5 million members availing 71 million advances and evading an impressive $2.5 billion in potential overdraft charges.

Furthermore, the Dave Spending account bestows users with comprehensive control over their financial activities, encompassing spending, budgeting, and depositing.

Users can maximize their returns with up to 15% cash back when transacting with the Dave Debit Mastercard® and harness the round-up feature to bolster their savings.

The TD Beyond Checking account from TD Bank offers a number of appealing features. It provides a flexible approach to avoid the $25 monthly fee: maintain a minimum daily balance of $2,500, have $5,000 in monthly direct deposits, or a combined balance of $25,000 in eligible TD accounts.

Additionally, account holders benefit from free access to a vast network of over 4,000 ATMs, enhancing the convenience of managing cash transactions almost anywhere.

For those who occasionally face financial hiccups, TD Bank offers a safeguard by reversing up to two overdraft charges per year, mitigating the potential financial stress from account overdraws.

Furthermore, the account offers the opportunity to earn interest on the balance held. While the interest rate might not be as high as some other options, it provides a valuable way to grow your savings incrementally. Overall, the TD Beyond Checking account stands out for its mix of fee waivers, ATM accessibility, overdraft forgiveness, and the potential for earning interest.