11 Bank Accounts for Bad Credit with No Minimum Deposit

The SoFi Checking and Savings account is a no-fee option with no overdraft charges, no monthly maintenance fees, and no minimum balance requirements.

You’ll also have free access to over 55,000 ATMs in the Allpoint® Network. New customers can earn a welcome bonus of up to $300 by setting up qualifying direct deposits early on.

Direct deposit also unlocks higher interest rates, with up to 3.80% APY on savings and 0.50% APY on checking.

You can even get your paycheck up to two days early, making SoFi a strong pick if you want to boost your earnings while avoiding common banking fees.

Current is a mobile banking app designed for people who want more control over their money—especially if they’ve had trouble with banks in the past.

There’s no credit check, and it doesn’t use ChexSystems, so you can open an account even with a rocky banking history.

One standout feature is credit building through your debit card. Just make everyday purchases, and Current reports your activity to help strengthen your credit profile—no loans, no credit card, and no hard inquiry.

The account comes with no minimum deposit, no monthly fees, and access to 40,000 fee-free ATMs through the Allpoint network.

You can also get paid up to two days early with direct deposit and earn points on purchases, which you can redeem for cash back.

Stash is a digital banking option that makes it easy to open an account, even if you’ve had trouble with traditional banks.

There’s no minimum deposit to get started, no overdraft fees, and no monthly maintenance charges.

Every purchase with the Stash Stock-Back® Card earns you fractional shares of stock at select merchants, turning everyday spending into an investment opportunity.

You’ll also have access to more than 55,000 fee-free ATMs in the Allpoint® Network.

For anyone with bad credit who wants a simple account and the added benefit of growing investments while they spend, Stash is a strong choice.

Chime is a user-friendly mobile app with a free debit card. The Chime checking account boasts no monthly fees, no overdraft fees, and no foreign transaction fees.

There are no physical locations, but consumers do have access to the bank’s network of 47,000 ATMs across the country.

Chime makes it easy to make cash deposits and transfer money with its mobile banking app. You’ll get access to automatic deposits, online transfers, mobile banking, and ATM withdrawals.

This free checking account also comes with online bill pay, direct deposit, and a Visa® debit card. Check out our full review of Chime.

GO2bank offers online bank accounts that suit those with bad credit and individuals preferring not to make an initial deposit.

Customers can earn a high-interest rate of 4.50% APY on savings up to $5,000. The bank also assists in building your credit history through the responsible use of the GO2bank Secured Visa Credit Card, which comes without annual fees.

You can also get faster access to your earnings, providing an option to receive paychecks up to 2 days early or government benefits up to 4 days early through direct deposit.

An added benefit is the overdraft protection, shielding you from fees up to $200 when you meet the direct deposit criteria.

With a moderate monthly fee of $5, which is waivable with qualifying direct deposits, GO2bank serves as a sensible choice for those with bad credit.

PNC’s Foundation Checking is a low-cost, no-frills option built for people looking to rebuild their banking history.

There’s no minimum deposit to open the account and no overdraft or nonsufficient funds fees—so you won’t be penalized for small mistakes.

The $5 monthly fee is predictable and straightforward, and the account is certified by the national Bank On initiative for safe, affordable banking access.

You’ll also get access to over 60,000 fee-free ATMs and full support for mobile banking tools, including Zelle and PNC’s Virtual Wallet features.

If you’ve had trouble opening accounts elsewhere, Foundation Checking is a solid, reliable path back into mainstream banking.

TD Bank is another strong option for those in the U.S. who are looking to open a bank account online with no deposit or a pristine credit history.

The TD Beyond Checking account comes with multiple perks, such as the ability to avoid the $25 monthly fee in three different ways: through $5,000 in monthly direct deposits, a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.

Additionally, customers have access to over 4,000 ATM locations and can have two overdraft charges automatically reversed each year. On top of this, the account pays interest on your balance.

While Capital One 360 is widely recognized for its credit cards, it also provides online banking solutions tailored for people with a complex banking history.

In particular, they do not use ChexSystems to validate your banking background.

A free online checking account from Capital One 360 comes with no minimum opening deposit and no monthly fees.

Furthermore, the bank offers mobile banking, mobile direct deposits, online bill pay, and access to 70,000 ATM locations without surcharges.

You can also make cash deposits into your 360 Checking account at any CVS location.

Navy Federal Credit Union offers membership to active-duty or retired members of the military and their families.

There is no minimum initial deposit, no minimum balance requirement, no monthly service fee, and no charges for direct deposits.

NFCU also offers optional overdraft protection. Otherwise, an overdraft fee is $20. NFCU’s free checking account is an excellent option for service members and their families.

Varo is an online-only bank that allows you to open a bank account online with no deposit or the hurdles of ChexSystems or credit checks.

There is no minimum deposit and no monthly fees. Account holders also get early access to direct deposit payments. Direct deposits usually post on the same day they’re received.

You also get a free Visa debit card, access to over 55,000 Allpoint ATM locations, and paper check mailing.

Huntington has branches in Arizona, Colorado, Illinois, Indiana, Michigan, Minnesota, Ohio, South Dakota, and Wisconsin.

Huntington National 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 to maintain.