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Past checking account issues can make finding a new bank challenging. Insufficient funds or excessive overdrafts can lead to being blacklisted by ChexSystems
Fortunately, numerous reputable banks don’t rely on ChexSystems for qualification. You can quickly access their features and benefits without past mistakes hindering you. Many options below even allow you to open an account in under 5 minutes.
Best Banks That Don’t Use ChexSystems of 2024
We understand that finding the right banking options can be time-consuming and challenging, especially when dealing with a negative banking history. That’s why we’ve done the research for you, compiling a list of the best banks and credit unions that don’t use ChexSystems.
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.
SoFi Checking & Savings is an excellent choice for anyone seeking an alternative to traditional banking. This online bank offers a unique blend of checking and high-yield savings features in one streamlined account.
There is no minimum balance required, no monthly fees, and no overdraft fees, making SoFi an affordable option for a wide range of individuals. You can also earn up to $300 with qualifying direct deposits.
One of SoFi’s most attractive features is its 4.60% annual percentage yield (APY) on savings accounts, and 0.50% APY on checking balances. Deposits are also FDIC-insured up to $2 million.
Accessing your money is easy with SoFi Checking & Savings. With over 55,000 fee-free ATMs available worldwide through the Allpoint® Network, you can conveniently withdraw money at no extra charge.
On top of this, SoFi also offers the option to get your paycheck up to 2 days sooner when you set up direct deposit.
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.
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 over 60,000 fee-free1 MoneyPass® and Visa® Plus Alliance ATMs. You can also deposit cash for free at over 8,500 Walgreens.
Current is one of the fastest-growing online banking solutions in the U.S., with over one million members. However, Current is a fintech company, not a bank. Most importantly, Current does not use ChexSystems or pull your credit report.
With Current, you can build your credit just by using your debit card for day-to-day transactions. No borrowing required, and no credit check involved.
The Current mobile banking account offers fee-free overdraft protection of up to $100, 40,000 fee-free Allpoint ATMs, and no minimum balance or hidden fees.
With early direct deposit, you can get paid up to two days ahead of schedule. You can also earn up to 15x points, and get cashback with your debit card.
Current banking services are provided by Choice Financial Group and Metropolitan Commercial Bank, Members FDIC.
GO2bank is a neobank offered by Green Dot, a leading financial technology company. With GO2bank, customers can open a checking account with separate savings subaccounts called vaults, all without the need for a minimum balance.
Additionally, GO2bank offers a competitive 4.50% APY on savings accounts for savings up to $5,000. With 90,000 retail locations for cash deposits and 55,000 fee-free ATMs, customers can easily access their funds.
Plus, with direct deposit, customers can receive their pay up to 2 days early and their government benefits up to 4 days early. You can opt in for overdraft protection up to $200.
GO2bank also offers the GO2bank Secured Visa Credit Card, which can help customers build their credit over time with responsible use.
The monthly fee of $5 is waived whenever you receive payroll or government benefits direct deposit in the previous monthly statement period.
Chase is one of the most popular banks in the U.S. And now, they offer an account called Chase Secure Banking with no credit check, no ChexSystems, and no overdraft fees.
Account holders also get access to over 16,000 fee-free 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 fee of $4.95; however, there is no minimum deposit to get started.
Capital One offers convenient banking services, user-friendly features, and competitive rates. One of the major benefits of banking with Capital One is no monthly fees and no minimum opening deposit requirement.
Capital One’s high-yield savings account offers an attractive interest rate of up to 4.25% APY, which is quite competitive in today’s market.
The bank’s checking accounts also offer practical features, including access to a vast network of more than 70,000 fee-free ATMs across the country.
Additionally, Capital One provides the convenience of early direct deposit, allowing customers to receive their paycheck up to two days earlier than the traditional banking schedule.
No monthly fee with direct deposit of $500 or more
Earn up to 3% cash back on purchases
Overdraft protection covering up to $200 with eligible direct deposits
2.00% APY on savings
The Walmart MoneyCard, a prepaid debit card, provides a potent counterpart to conventional checking accounts.
This card makes its mark with a cashback rewards program, doling out up to 3% cash back for purchases on Walmart.com, 2% at Walmart fuel stations, and 1% at Walmart stores, totaling up to $75 annually.
Customers can benefit from an overdraft protection feature that covers up to $200 for purchasing transactions, given opt-in and suitable direct deposits, providing financial security.
Another significant advantage is the ASAP Direct Deposit feature, which lets cardholders receive their salary up to two days earlier, and benefits up to four days sooner.
Additionally, the Walmart MoneyCard lets you earn a 2.00% APY on your savings and offers the opportunity to win cash prizes monthly. The $5.94 monthly fee can be waived by making a direct deposit of $500 or above during the previous monthly period.
To become a member of Navy Federal Credit Union, you must be either actively serving or retired from military duty, which includes the Armed Forces, National Guard, Coast Guard, and the Department of Defense.
For those eligible, Navy Federal Credit Union offers two free checking account options: Free Easy Checking and Free Active Duty checking.
Neither account utilizes ChexSystems or Early Warning Services (EWS), and both have no minimum balance requirements or monthly service fees as long as a qualifying direct deposit is set up.
The benefits of banking with NFCU extend beyond checking accounts, with a wide range of financial products and services available to its members.
From mortgages to auto loans to credit cards, Navy Federal Credit Union is committed to serving its members and helping them achieve their financial goals.
Varo Bank, also known as Varo Money, is an online-only bank that provides a full range of banking services. It operates exclusively online or through its mobile app, as it does not have any physical locations.
Varo is open to all Americans, but it primarily targets millennials and young people who seek an alternative banking experience to traditional banks.
There are no monthly fees or minimum deposits with Varo. Account holders also get early access to direct deposit payments. Direct deposits usually post on the same day they’re received. You can also transfer money through various platforms such as Google Pay, Apple Pay, PayPal and more.
Varo Bank knows that just because you need second chance banking doesn’t mean you want substandard service. Your account comes with a free Visa debit card, access to over 55,000 Allpoint ATMs, and free paper check mailing.
Langley FCU is another credit union that doesn’t look at ChexSystems reports. 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 is no monthly service maintenance fee or minimum balance requirement. In addition, they offer free mobile and online banking, online bill pay, and access to 55,000+ Allpoint ATMs Nationwide.
You can also get paid up to 3 days early with direct deposit.
For people residing in Alabama, Florida, Georgia, Mississippi, and Tennessee, Renasant doesn’t look at your ChexSystems report, EWS, or Telecheck.
However, you won’t be eligible if you owe any money to this community bank. All Renasant Bank checking accounts require a $50 minimum deposit, including its student checking account.
Checking accounts come with a Mastercard debit card. There is a monthly fee of $7.50 for all checking accounts unless you maintain a balance of $500 or more.
1st Convenience Bank is a division of First National Bank of Texas, and it’s only available in Texas, New Mexico, Arkansas, and Arizona. They offer a few diverse checking accounts.
Their most popular option is the Power Account. It combines convenience and security, with the potential to avoid monthly fees.
For those wanting to earn interest while having easy access to funds, they have a Checking with Interest account. And for customers with higher balances, they offer higher rates with their President Select High Yield Checking account.
You’ll need a minimum deposit of $20 to open a new checking account, and the monthly service charge is $5. However, you can avoid all monthly fees if certain conditions are met.
Huntington Bank has locations in Arizona, Colorado, Illinois, Indiana, Michigan, Minnesota, Ohio, South Dakota, and Wisconsin.
This bank does use ChexSystems, but you can still be eligible to open a checking account as long as you don’t owe the bank any money. However, those with an EWS record may not qualify for a checking account.
Huntington Bank’s Asterisk-Free Checking account is a no-cost, no-hassle banking solution. Open and maintain your account for free with no minimum balance requirement. It comes with features such as an intuitive mobile app, instant credit with Standby Cash, and protection from overdraft fees via $50 Safety ZoneSM and 24-Hour Grace.
Cadence Bank’s My Way Checking is designed for individuals wanting an alternative to ChexSystems. A modest $50 initial deposit starts your journey with this account.
Avoiding the $8 monthly fee is straightforward, as you can do so by maintaining a $250 daily balance, executing five debit card purchases, receiving a direct deposit of $100 or more, or being a student under 25.
Key features include a free debit card, online banking and bill pay, mobile wallet access, and 24/7 account info via a dedicated helpline.
For those preferring paper statements, a $2 fee applies, while online statements come free of charge.
Regions Bank offers multiple checking accounts. They come with monthly fees ranging from $5 to $18. However, in some cases, those fees can be waived if you meet specific requirements.
The Regions Now Checking is a viable option for anyone who wants a basic checking account from a bank that doesn’t look at your ChexSystems report.
The minimum opening deposit is $10, and the monthly fee is $5. It offers unlimited check writing and access to online bill pay.
Bank OZK, formerly known as Bank of the Ozarks, offers a suitable banking choice regardless of your ChexSystems history.
They offer several checking accounts, each catering to different financial needs. The accounts come with initial deposits as low as $25-$50.
The monthly fees range from a modest $5 to $12, providing flexibility for various budget ranges. One of the standout features is that once your account is active, there’s no pressure to maintain a minimum balance, making it an excellent choice for those seeking financial flexibility.
Their Checkless Checking account sets itself apart by offering a seamless banking experience with no monthly maintenance fee, minimum opening deposit, or minimum balance requirement.
However, potential customers should be aware that access to this credit union’s services is restricted to employees of Kroger and a few select employee groups.
United Bank has locations in Maryland, Ohio, Pennsylvania, Virginia, West Virginia, and Washington, DC. You can open a new bank account with a $50 minimum deposit. There is no minimum account 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.
What is ChexSystems?
ChexSystems is a consumer reporting agency that collects information about issues you’ve had with deposit accounts.
Over 80% of banks and credit unions use ChexSystems to retrieve and supply information on closed checking and savings accounts when problems occur.
If you’ve ever had issues with a bank account, such as overdrafts, bounced checks, returned checks, unpaid fees, or negative balances, you may have a ChexSystems record.
Why do most banks and credit unions use ChexSystems?
ChexSystems helps financial institutions determine the risk of accepting new customers. From the bank’s perspective, an individual who misuses or mismanages their bank account is likely to do it again.
If you have a history of having bank accounts closed for negative reasons, the information will remain on your ChexSystems file for up to five years.
Which banks don’t use ChexSystems?
While most U.S. banks use ChexSystems to screen new applicants, the ones we’ve mentioned above don’t. These banks were selected based on user-friendliness, affordability, and strong reputations.
Online platforms like Chime and GO2bank are free and easy to use, while U.S. Bank and Chase offer plenty of features and low-fee accounts. Always do your own research and consider your personal financial situation when choosing a bank.
Why You Need a Non-ChexSystems Account
A non-ChexSystems checking account can be beneficial even if you already have another bank account.
Why? Banks and credit unions that use ChexSystems may conduct a sweep of all existing customers and freeze any bank accounts of individuals who have had a record created.
This can be troublesome if you have all of your money in one bank account because you may not be able to access it for 30 days.
So, even if you have an existing checking account with a positive history, you run the risk of not being able to access your own money with little to no warning.
Benefits of Online Banks That Don’t Use ChexSystems
You may have noticed that some of the banks that don’t use ChexSystems above are online banks. These banks offer checking and savings accounts that are typically available to residents of all 50 states.
Most of the other checking accounts listed above are also available to all U.S. citizens, even if their branch locations are not in your state. You can simply open an account online and use their mobile and online banking features.
While it’s nice to be able to visit a local bank or credit union branch when you need to, many of the financial institutions we’ve listed offer mobile check deposit. Many of them also offer thousands of ATMs, so you have free access to your cash any time you need it.
What to Look for in a Bank Account That Doesn’t Use ChexSystems
When looking for a bank account that doesn’t use ChexSystems, there are a few key factors to consider:
Fees: Look for a bank account that has minimal or no fees. Some common fees to watch out for include monthly maintenance fees, ATM fees, and account closure fees.
Minimum balance requirements: Some checking accounts may require you to keep a certain balance to avoid fees. You may want to find an account that either has no such balance rules, or one where the balance is set low enough for you to comfortably manage.
Accessibility: Consider a checking account that provides easy access to your money. This might include a large network of ATMs, free online and mobile banking options.
Deposit options: Make sure the checking or savings account you choose accepts multiple deposit methods, including mobile deposits, direct deposits, or in-person deposits.
Availability: Check the availability of the bank account in your area, some bank may have a wide network of branches and ATMs, while others may only be available online.
Specialized services: Some banks may offer specialized services such as military banking, student banking, or online-only banking that may be of interest to you.
What to Know Before Choosing a Checking Account
Before opening a new bank account, even if it’s a non-ChexSystems bank account, be aware that you may have a record with another credit reporting agency. TeleCheck and Early Warning Systems are two others that some banks use.
Some banks and credit unions may also pull your credit report from one of the three major credit bureaus. While this is rare when opening a checking or savings account, there are some financial institutions that do it.
Other Alternatives to Banking Without ChexSystems
If you prefer to explore other options besides banks that don’t use ChexSystems, you do have some choices. Here are the top alternatives to banking without ChexSystems, along with the pros and cons of each choice.
Second Chance Checking: As mentioned, sometimes a bank or credit union will offer second chance checking accounts to consumers who have a negative banking history. These accounts are sometimes called “fresh start checking” or “opportunity checking.” There are even some big banks like Wells Fargo and Bank of America that offer second chance banking.
Prepaid Debit Cards: A prepaid debit card acts very similarly to a regular debit card. The difference is, you usually do have to pay a monthly fee of a few dollars. Each prepaid debit card has different ways to upload money. Typically, you can do it at a major retail store like Walmart or online. However, there may be additional fees when you load money. Check out this list of top-rated prepaid debit cards.
Secured Credit Cards: With a secured credit card, you can make purchases online and in stores. However, it does come with some drawbacks. A cash security deposit is required, and any credit card balances not paid in full will incur interest. These cards are generally used to improve your credit score. Here are some of the best secured credit cards.
Online Services: Some reputable websites like PayPal offer e-wallet services to let you store your cash and pay online. You may even be able to qualify for a debit card. However, unlike a traditional checking account, your funds may not be insured by the Federal Deposit Insurance Corporation, so consider your options carefully.
Brokerage Accounts: Many brokerage firms now offer what they call a cash management account or a money market account as an alternative to traditional banking. While the primary purpose of a brokerage account is to buy and sell investments like stocks and bonds, these cash management options function similarly to a traditional checking or savings account. You can usually write checks, make direct deposits, and even have a debit card.
Foreign Bank Accounts: Live near the Canadian or Mexican border? Consider opening a bank account in another country. It sounds extreme, but foreign banks may have different approval requirements you could benefit from.
Frequently Asked Questions
Can I open a bank account while I’m in ChexSystems?
It’s still possible to open a new checking account even if you’ve been denied due to a negative ChexSystems report. There are numerous banks and credit unions that don’t use ChexSystems.
What’s the difference between non-ChexSystems and second chance banking?
Banks that don’t use ChexSystems and second chance checking accounts generally have quite a bit in common. The main difference is that second chance banks may still utilize ChexSystems, but they’re willing to give you a second chance anyway.
Similar to non-ChexSystems banks, second chance bank accounts usually don’t have any minimum balance requirements. However, with a second chance checking account, you’ll most likely have to pay a monthly maintenance fee.
The best second chance checking accounts offer many of the same features and benefits you’d find with a ChexSystems bank or credit union. This includes overdraft protection, online banking, and the ability to pay your bills online. With a second chance bank account, you can typically upgrade to a standard checking account once you’ve established a positive banking history.
Can I open a bank account if I owe another bank money?
If you owe money to a bank, you most likely won’t be able to open an account at another bank that uses ChexSystems. You’ll need to look for checking accounts at a bank that does not use ChexSystems.
Bottom Line
While this list of banks that don’t use ChexSystems is a great start, we also explain how to get out of ChexSystems so that you can clear your name from their database. Under the Fair Credit Reporting Act, banks and consumer reporting agencies like ChexSystems are required to investigate disputes and remove inaccurate or unprovable items.
Follow the simple steps provided on that page, and before you know it, you’ll be able to choose any bank you like.
Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.
1. Out-of-network ATM withdrawal fees may apply with Chime except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
2. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. Chime generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
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