Every one of us may face financial difficulties at some point. Because of that, it might be difficult to open a bank account. Paying your bills, making online and offline purchases are difficult to imagine without having a checking account.
While most banks work with credit reporting agencies to verify applications, there are dozens of banks, credit unions, and financial technology companies that welcome customers despite their poor banking history.
In this article, you will find the best bank accounts offered by American banks and other companies. They are specially designed for those who have bad records in ChexSystems.
Meanwhile, depending on the reason you were listed on ChexSystems, it makes sense to give it a try and dispute your record. Please refer to our proven ChexSystems Removal Kit for more information.
Chime is a fast-growing financial institution known for offering award-winning services and not doing credit checks or using ChexSystems as part of its decision-making processes.
Chime Spending Account comes with a debit card and is free of paying maintenance fees. You get a debit card and can use it at any place Visa cards are accepted.
Chime Spending Account is designed to help you save your money. When swiping your debit card, the bank rounds up to the nearest dollar. The rounding amount is transferred to your savings account. In other words, the bank helps you manage your money without bothering to open multiple accounts.
Chime Spending Account and Chime Visa Debit Card come with additional features:
Chime is not yet another traditional bank, it’s a fully online bank. All the accounts have FDIC insurance. It’s easy to deposit cash in your account at multiple locations like Walgreens, 7-Eleven, Walmart, and many others.
Chime Spending Account has a 4.5-star rating by a popular financial website NerdWallet.
First American Bank offers several checking accounts without checking your record with ChexSystems.
First American Bank is a well-known financial institution with physical branches in Florida, Wisconsin, and Illinois.
SmartAsset’s experts gave the bank 4.1 stars out of 5.
Applying for the SunTrust Bank Essential Checking Account doesn’t require checking your previous banking history with ChexSystems. It is fairly easy to qualify for even if you’ve had financial difficulties in the past.
With it, you have to add a $100 minimum deposit and enjoy managing your money with online banking or mobile app and a SunTrust Mastercard Debit Card.
The monthly maintenance fee is $7 but it can be waived in one of four different ways:
In addition, you can avoid paying a $3 monthly paper statement fee if you enroll in paperless online statements.
In 2019, SunTrust Bank was purchased by Branch Banking and Trust Company. In this way, the sixth-largest American lender was created.
Second Chance Checking Account by Peoples Cash Solutions is an easy way to get back on track even if you’ve ever had any problems with ChexSystems and other credit reporting agencies.
The account requires a $30 deposit and a monthly service fee of $4.95.
Technically, Peoples Cash Solutions is a web service offered by Peoples Bank.
Renasant Bank is a go-to option for customers with ChexSystems, EWS, or Telecheck records. It offers mobile banking solutions and several different checking accounts.
The best option to get started is the Renasant Checking Account.
In case you’re a student, apply for the Student Checking Account which is packed with all the extras designed especially for the younger generation.
Renasant Bank has an overall rating of 4.1 stars by Bankrate.
TD Bank is one of the most popular American second chance banks that doesn’t use ChexSystems. You can open a TD Bank checking account online in a matter of a few minutes without visiting its branch.
There are two different options designed for different customers. Both are good options to start rebuilding your banking history.
$100 daily balance
Keep as much as you wish and earn interest
Free mobile banking and online banking
Free mobile banking and online banking
$15 monthly maintenance fee
$25 monthly maintenance fee
No fees at TD ATMs
No fees at TD ATMs
Free online statements
Free online statements
No minimum opening deposit
No minimum opening deposit
The monthly maintenance fee can be avoided. You can maintain a deposit of at least $100 or just open as a student.
Both accounts come with a free TD Bank Debit Card which is secure and convenient.
TD Bank is a well-known financial institution not only across the United States but also in Canada.
First Convenience Bank offers five different checking accounts. Even though it doesn’t use ChexSystems to verify customer applications, the best way to get started for those who have had problems with the banking system before is the Power Checking Account.
To open one, you must deposit at least $20 and be willing to pay a monthly service fee of $12. Account-holders aged 55 and older are offered this account with no monthly maintenance fee. In addition, every customer can get the no monthly fee option if they maintain a daily balance of $100.
You can also open an account with no minimum deposit when you apply in person. A great option if you're on a small budget!
In other words, if you take care of your account, Power Checking is a fairly considerable option.
First Convenience Bank is a division of First National Bank of Texas, a humongous financial institution.
When searching for reviews of First Convenience Bank, pay attention to other search queries such as “1st convenience bank” or “1 st convenience bank”.
Considering 325 reviews, Zillow gave First national bank a 4.99-star rating.
TCF Bank is a well-known financial institution in South Dakota, Minnesota, Michigan, and other states. It offers The Free Checking Account for customers who are in financial difficulty and have ChexSystems records.
This is a free account with no minimum balance and no monthly fee for active account holders. Other features:
TCF Bank is a good option for customers who are looking for a free checking account and are willing to keep their savings at the same bank.
Fort Sill National Bank has been known for a long time as a go-to option for military workers. Now, it serves both military and civilians.
Fort Sill National Bank offers The Basic Checking Account.
With The Basic Checking Account, you get a free Visa CheckCard that lets you make online and offline purchases, get detailed transaction information and replace check writing. Other features include:
The bank has a 4-star overall rating by MyBankTracker.
While a lot of people are looking for a ChexSystems-free bank to open a checking account, opening a savings account can also be quite a challenge.
We have done extensive research to find the best second chance banks that don’t use ChexSystems and open a savings account with low fees and nice features. In most cases, interest rates are subject to change daily. It is determined by the daily computation method set by a particular bank.
If you’d like to save money for something great but have ChexSystems records, you should consider opening a Standard Savings Account with US Bank.
It allows you to start saving, earn interest, develop the financial discipline to get back on track.
Saving rates depend on your location and whether you are an existing US Bank customer. On average you get an interest rate of 0.01%.
In addition, US Bank offers other savings accounts with some additional features. These are Platinum Select Money Market Savings and Package Money Market Savings. They require no monthly maintenance fee and a $25 minimum opening deposit.
United bank is known for its 10 different checking accounts for different customers. But also it is a go-to option for opening a savings account if you have records with ChexSystems.
A Personal Savings plan can be used by customers experiencing temporary financial difficulties and looking for a reliable option to start saving for a better life.
The bank was founded back in 1904 and has a rich history of serving millions of Americans. It is often cited among the strongest financial institution and claims that its mission is delivering responsive and innovative services.
Regions Bank is a financial corporation that is part of the SNP500 index which means it is among the top 500 largest American companies.
Over the past year, it has shown steady growth and delivered solid returns to shareholders.
Regions Bank offers a Basic Savings Account without checking your report with ChexSystems.
With a Basic Savings Account, you get convenient account management that allows you to set up automatic transfers for your checking account to your savings account.
Wells Fargo is a famous ChexSystems free bank that offers multiple checking and savings accounts.
For starters, especially for those who have trouble with other banks, the best option is Wa2Save Savings. It’s a pretty significant choice for customers looking for a variety of options to save on autopilot.
The WA2Save Savings Account allows you to save every month. The bank will transfer $1 from your checking account (if it is linked to a savings account) every time you make an online payment using Wells Fargo Online Bill Pay or a debit card purchase (non-recurring).
Another option for customers looking for a savings account at a non-ChexSystems bank is the Wells Fargo Platinum Savings plan.
With more than 1 million followers, Wells Fargo has one of the most popular Facebook pages among American banks.
USAA (United Services Automobile Association) is a privately owned company offering auto insurance, checking accounts, home and renters insurance, and savings accounts. It doesn’t work with ChexSystems and will help you begin your savings journey for a better tomorrow in an easy way.
To take advantage of all the tools and services available you can open a USAA Savings Account:
You can add your spouse, friend, and relative to your account or open a savings account for a child.
Moody’s gave UASS the highest rating of A++.
Navy Federal Credit Union is a global credit union with more than 10 million members across the United States.
You can open the Free Easy Checking that is designed for just about everyone who needs an easy way to manage their finances. Even though this credit union is generally designed for existing and past members of the military, this account is available to the general public.
Navy Federal Credit Union claims that managing your money should not cost you anything, and with this account, it is really true!
Navy Federal Credit Union has a 4.5-star rating by Bankrate.
Southwest Financial Federal Credit Union offers the Checkless Checking Account for customers with ChexSystems records. Even though checks are not available, this account will help you manage your finances effectively. Also, you get free web-based education modules.
With a Checkless Checking Account, you can deposit checks using your iPhone and turn your debit card on and off in a matter of a few seconds.
This credit union is pretty loyal to new customers and offers a wide range of services to existing customers. If you establish yourself as a reliable person, you will be able to apply for auto loans, home loans, and what is important for customers with bad banking history, to specially designed credit builder loans.
Langley Federal Credit Union is another reliable credit union that doesn’t check your ChexSystems records.
The company does pay attention to your credit score, but for new customers with bad banking history, there is a good opportunity to get back on track. The Essential Checking Account is designed for customers with a low credit score (599 or below):
SoFi Money is a financial company that allows you to start saving, spending, and even earning rewards without checking your banking history.
With a Sofi Cash Management Account, which is a hybrid of savings and checking features, you get a variety of options:
Customers with more than $500 in an account earn a 0.25% interest rate.
SoFi Money has over 2 million customers in the United States and is known for offering up to $100 if customers meet various requirements. For example, you can earn a bonus when enrolling in direct deposit while having $1,000 or more deposited in the next 30 days.
Sofi Money is not a traditional bank. It is backed by several banks, in this way, all deposits are insured by the Federal Deposit Insurance Corporation.
SoFi app for iOS devices has a 4.8-star rating based on more than 81.7 reviews.
Acorns is a mobile app known in the investing world. But also, with it, you can get Acorns Spend Account. It comes with a tungsten metal debit card that helps you save, invest and manage your money in different ways.
Acorns is based in Irvine, California, and serves over 8 million customers. Even though its primary products are robo-investing and micro-investing, you can use Acorns Spend Account as a reasonable alternative to a regular checking account at a traditional bank.
InvestorJunkie gave Acorns an overall rating of 8.5 stars out of 10.
Novo Bank is an online financial company that offers the Novo Bank Small Business Checking Account. It is designed for small business owners, freelancers, entrepreneurs, and other customers looking for a completely digital way to manage their finances.
The bank has no physical branches and serves customers completely online. It doesn’t use ChexSystems and has its own system to check customers’ reliability.
Applying for an account takes less than 10 minutes. As a customer, you get an opportunity to refund all ATM fees.
Varo Bank is another fully online financial service that allows you to set up a checking account without visiting a branch.
With its Varo Online Checking Account, you get a debit card and can manage your finances using your iPhone.
To withdraw money from your checking account, you can use one of 55 thousand AllPoint ATMs. There are more than 90 thousand cash deposit locations across the country. You can also transfer money using Google Pay, Apple Pay. PayPal, etc.
On its official website, the bank says that applying for an account doesn’t impact your credit score. Also, it says that your FICO score, credit report, banking history, and records with ChexSystems or other credit reporting agencies will not be checked.
Current is not a bank, but a financial company focused on offering affordable and accessible services for customers regardless of their banking history. With it, you can open a mobile-only Current Checking Account.
Even though you can use Current for free, it makes a lot of sense to upgrade to its Premium Plan which costs $4.99 per month. With it, you can earn interest.
Current is known for its rewards for new and existing members. All members can earn points by spending money at over 14 thousand retailers (True Value, Subway, and others). The company claims that on average a member earns $165 in cashback by using the card at gas stations.
With an overall rating of 4.4 (based on 1,407 reviews) Current is considered an “Excellent” choice by Trustpilot.
GoBank is an FDIC-insured financial institution that is a brand of the well-known Green Dot Corporation. It is focused on making money movement and modern banking accessible for all clients regardless of their previous relationships with commercial banks. In other words, it doesn’t verify your ChexSystems record.
Applying for the GoBank Ultimate Mobile Bank Account is easy and can be done exclusively online. With it, you get a free debit card and a hybrid of checking and savings accounts.
It should be noted that using your account affects your banking history. GoBank reports your credit use to three credit bureaus.
N26.com is a mobile bank that helps you manage your money, pay your bills and start spending even before the physical card even arrives at your home.
To open a N26 account, you have to use a website or a mobile app. Just create your login, select your plan, confirm your identity and start spending and saving with confidence.
N26 Mobile Banking app for Apple devices has an overall rating of 4.6 stars.
Axos Bank offers ‘next-level banking’ and the Rewards Checking Account. With it, you can receive direct deposits, use your Axos Visa Debit Card, and earn interest.
Also, you can apply for Essential Checking, First Checking, Golden Checking, and Cashback Checking accounts. Axos Bank offers 24/7 customer support, FDIC insurance, digital security, many other features.
It is a publicly traded and actively discussed company with more than 1 thousand employees.
Forbes called Axos Bank “the best overall for online banking’ and gave it a 4.4-star rating.
Discover Bank is a ChexSystems-free bank that offers a Discover Online Savings Account.
With it, you get an opportunity to save, earn and build an emergency fund and award-winning customer service.
The bank has a 4.5-star rating by NerdWallet. It is recommended for customers who value checking perks and high rates.
NBKC Bank offers the NBKC Everything Account which is a mix of a checking and a savings accounts. With it, you can spend, save, track and earn 0.15% annually.
It is an FDIC-insured account designed for everyday use.
At first, NBKC Bank was known for its competitive rates on deposit accounts and mortgage lending services. It was founded in 1999 and has a very solid network of ATMs (around 32 thousand).
Card.com is a financial service that creates online prepaid card solutions. It is operated by Bancorp Bank and is known in the financial world for its innovative and easy-to-apply products. Card.com is not backed by a traditional checking account, but it works the same way. You can send funds from your existing account opened at another bank or set up a direct deposit from your employer.
You can get a Card.com Prepaid Card whether Visa or Mastercard and enjoy managing your money effortlessly.
If using a prepaid debit card is not an option for you, consider money orders. You can use them to pay your bills, send money to family or friends, and make other payments.
You can buy money orders at a retail store, post office, or bank.
It is important to note that money orders usually come with a small fee. You can track the payment to make sure it was delivered correctly.
Statistics show that one in four Americans purchase one or more money orders each year. This financial instrument is a significant part of money transactions. Every year one billion money orders are sold.
Transferring money between family, friends, and businesses is easy with Regions Personal Pay and other similar money transfer services. You can make an account at Wise (TransferWise), Revolut, or another financial company and use it to send money, make payments, write checks, save and even invest.
Western Union is not the only option. Sending money within the country and worldwide is getting easier and less expensive.
1% for transfers from the US in USD
Wire transfer, debit card, credit card, Apple Pay, direct debit
Directly from your bank account
2.9% plus a fixed fee of $0.30
PayPal Cash, debit card, credit card, bank account
$0 for the standard account
Revolut Debit Card
A brokerage account is designed for investors buying and selling stocks, bonds, and other assets. But you can use it as an alternative to a checking account.
You don’t need a lot of money to open a brokerage account, and in some cases, no initial deposit is needed at all.
There are so-called discount brokerage accounts designed for first-time casual investors. If you’re a beginner, you don’t need a full-fledged account with lots of features.
Even though it may seem outdated, but using cash is a great alternative to a checking account. Psychologists say, when you pay in cash, you’re more responsible and mindful.
Paying bills with cash requires visiting the biller’s payment center, but you can easily shop at millions of locations without any problems. McDonald’s, Walmart, Home Depot, and others sell their products and services to customers no matter how exactly they pay.
You can use Western Union or another similar service to pay your mortgage, car insurance, credit card bills, and other needs.
On average, Americans make 41 payments a month, 30% of which are in physical money.
Blue-chip stocks are shares of huge and well-known companies that offer products and services used by hundreds of millions and billions of people.
For example, if you like your iPhone, iPad, or iMac, you can become a partial owner of Apple by investing your money in its stock. Consider how high it’s been growing over the last ten years. If you invested $10,000 in Apple, you'd be a millionaire today.
Although investing in the stock market always involves some risk, blue chips are known as the best stocks to invest in for long-term growth.
Also, instead of buying stocks of different companies, you can invest in the SNP500 index and become a partial owner of the 500 most profitable companies in the United States.
You may think that Facebook, Twitter, Tesla, and other well-known brands are also blue chips, but because they were not created that long ago, investing in them requires a certain level of knowledge and involves high risk.
Instead of opening a checking account, you join your spouse, relative, or friend. A joint account is shared between several individuals that trust each other and are ready to manage their finances together. In this case, your and your partner’s credit rating will be linked.
Technically, a joint bank account is a traditional account that provides for shared access without any restrictions.
It may sound tricky and even silly, but cryptocurrencies are designed to make shopping easier, faster, and commission-free.
Even if you don’t own any cryptocurrencies, you might have heard about their important role in today’s financial system.
The most popular digital coin is bitcoin. With it, you can buy pizza, fast food, sweets, tickets, furnishings, cars, and many more. Every year it’s getting more and more popular.
Today, most people buy bitcoin and other cryptocurrencies expecting to earn quick money forgetting that the main reason this industry was created is to make money transfers easier.
Think about how rich you could have been if you had purchased some bitcoins a few years ago:
Using bitcoins is easy. You can buy things on Amazon using a third-party service called Purse. In addition, sending digital coins to family and friends is possible at any time and without any confirmation from a bank or other financial institution.
Don’t forget that you can easily convert your bitcoins into real money and buy anything you want if the seller doesn’t accept cryptocurrencies.
There are thousands of bankers who have never heard about ChexSystems and other credit reporting agencies. Well, they may have heard about them, but they don’t pay attention to your banking history because they don’t have access to it. Actually, they don’t need it.
If you travel abroad, you can open an account in a different country. For example, to open an account with a Mexican bank, you will need a passport and proof of address. Because you reside in the United States, you can open a dollar-denominated account.
With it, you can pay online and offline not only in Mexico or The United States but worldwide.
Canada, France, Italy, Germany, Ireland, the Philippines - there are dozens of different countries where you can open a bank account.
Keep in mind that if you open a foreign bank account and keep more than $10 thousand, you are required to report it to the Treasure Department. Such accounts are taxable and need to be declared as overseas assets. Penalties for failure to file an account can be civil, or even criminal.
Minimum opening deposit
Monthly service fee
High-quality online and mobile banking
Earns 0.15% annually on balances up to $15 thousand
Free Mastercard debit card
$7 (can be waived)
Easy money transfers
$10 (can be waived)
Extra features for students
$100 to waive the monthly fee
Fast and secure payments
No ATM fees with a $2,500 daily balance
$12 (can be waived)
Free overdraft protection
Free Visa CheckCard
Dividend rate - 0,05%
Designed for customers with a low credit score
Interest rate - 0.01%
Tungsten metal debit card
If you have a bad credit score and are listed in ChexSystems, don’t confuse non-ChexSystems with second chance banks. The first option should be preferred. There are many more ChexSystems-free banks than banks that don’t work with all credit reporting agencies.
Second Chance Banks
Sometimes it is unclear whether or not a bank is working with ChexSystems. A bank can call itself a second chance bank but still work with ChexSystems. Their mission is to give you a second chance anyway.
If the bank is called a non-ChexSystems they are definitely not working with that credit reporting agency.
In most cases, they don’t work with ChexSystems, TeleCheck, EWS, and other credit reporting agencies.
Don’t work with ChexSystems but may work with other credit reporting agencies like TeleCheck, or EWS.
It can be easier to get approved, but in general, you will get fewer options.
Typically, easy and fast approval, but on average you get a little bit more options, perks, and extras.
There is clear data on the number of second chance banks in the United States. Theoretically, any bank can call itself a second chance bank and give you a second chance.
Around 20% of American banks don’t use ChexSystems. In this way, there are about one thousand opportunities to open an account without checking your records in this credit reporting agency.
ChexSystems is a consumer reporting agency that keeps data about your past business transactions from different bank accounts. For example, if you’ve ever had an overdraft charge, it will be on the list. Although other agencies work on the same principle as ChexSystems, it is the most widely used option, with over 80% of financial institutions using either ChexSystems or a similar system. These act as early warning systems to help banks turn down account requests for people who they fear might cause problems later on. This can be very unfair to someone who’s had an excellent record except for one anomaly, and a bank rejects their application due to that.
Ideally, ChexSystems intends to filter out any possibility of someone opening a fraudulent account. If a person is going to hog up bank fees and never return what is due, it will hurt the bank substantially. It makes sense, and banks should bar such people from opening bank accounts, but what about regular people? Well, prepare yourself for some bad news.
Saying that ChexSystems is unfair is an understatement. Its aggressive policies can harm consumers like you – regular, honest people, who’ve just had a few problems in the past, which they most likely resolved. As of yet, around 17 million Americans – that’s 5% of the population – don’t have a bank account. Many of these are people who’ve had accounts in the past but cannot open up one now. This is likely to be due to a negative ChexSystems (or any other CRA) report, even if they have successfully resolved the problem that their report ended up highlighting.
Everyone can have a problem with CRA(s), not just people who’re working tirelessly to make ends meet. Agencies like ChexSystems portray a biased opinion about you by pointing out only the stuff you did wrongly and ignoring how well you performed overall. An average of 25% of banks will deny you an account if you have even the slightest negative remark scribbled on a CRA report, irrespective of your financial standing. Some will make you go through the humiliation of sitting haplessly while they call the branch manager of your previous bank to decide your case.
Some banks have unclear policies about overdraft charges and other problems that you may run into. If you’re under some financial pressure, you may inadvertently fall foul of one of their policies. This makes the whole system very unfair, denying people a chance even if they’ve proven that they deserve one.
You can get your free report at ChexSystems once a year. This will help you figure out what the problem is and take actions towards solving it while using services offered by a non-ChexSystems bank.
If a bad ChexSystems report has ruined your prospects for a bank account, and you don’t want to use any of the options stated above, then you may try out the following:
You do have rights when it comes to dealing with a bad ChexSystems report. Since it all falls under the “Fair Credit Reporting Act,” the same also being true for similar CRAs, you do get to object to anything unfair mentioned in the report.
Since you get a free copy of your ChexSystems report every year, you should review it carefully. If the report falsely or fraudulently states something, you have the right to challenge it. In case you missed this opportunity, you can get a copy of the report from the bank that rejected you, and then you may analyze it for inaccurate information.
So you’ve spotted a mistake in the report, and you are certain that you did not commit this error. Report the error to the bank (where you had your previous account) and ChexSystems. Even if you are not at fault, things may not go your way. In that case, report to the Consumer Financial Protection Bureau and the Federal Trade Commission.
If the issue remains unresolved, then, unfortunately, your options are limited. You can either seek a second chance account or prepaid card or both to manage your finances. Cheer up; these options are very convenient and effective.
Our list starts with Chase and ends with fresh online banks like n26, Current. 20% of commercial banks in the United States don’t check ChexSystems when screening customer applications.
Things stay on your ChexSystems list for at least five years. Because of that, It may be quite a challenge to open an account at most banks. These act as early warning systems to help banks turn down account requests for people who they fear might cause problems later on. This can be very unfair to someone who’s had an excellent record except for one anomaly, and a bank rejects their application due to that.
Even though it seems like ChexSystems is one of the most fraudulent companies in the country, the answer is yes, it is legit. ChexSystems intends to filter out any possibility of someone opening a fraudulent account. If a person is going to hog up bank fees and never return what is due, it will hurt the bank substantially. But regular people also get listed and experience various difficulties when opening a checking or a savings account.
Yes, some of them are TeleCheck and Early Warning Services (EWS). All consumer reporting agencies, including ChexSystems, keep data about your past business transactions from bank accounts. ChexSystems is similar to credit agencies in this manner, but it keeps track of the way you used a previous account rather than whether you paid off your debts or not. The system intends to highlight any anomaly or mistake from your end, and that is exactly what it does. No matter how pristine your record was otherwise, a single mistake can ruin your ChexSystems report as it would be the only thing mentioned on it. It only reports the bad stuff.
A non-ChexSystems bank is a bank that doesn’t work with the most popular credit reporting agency in the United States called ChexSystems. It may work with other credit reporting agencies or use its own way to verify new accounts.
Yes, it can be called a second chance bank, but a ‘second chance bank’ is a general term. If you have a bad record in ChexSystems it makes sense to look for a non-ChexSystems bank, not for a second chance bank that doesn’t work with other credit reporting agencies.
Some of them do, some of them don’t. Even though credit unions are often considered as an alternative to banks, if you have bad banking history, your application for opening a checking account can be rejected. Therefore, it makes sense to look for credit unions that don’t work with ChexSystems.
First, you have to get your free ChexSystems report to find out which bank you own and how much. Second, dispute the errors and pay off your debt. Third, ask the bank to remove its record. This can and does take quite a bit of time. So, while clearing your ChexSystems, you can open a checking account at a ChexSystems free bank.
Wells Fargo does not work with ChexSystems and can definitely be called a non-ChexSystems bank. Multiple online reviewers claim that the bank does work with this reporting agency, but that’s not true. We have contacted Wells Fargo online chat and received confirmation that the bank is not cooperating with this agency.
You can start with Chime, or another financial company mentioned in this article. There are multiple financial technology companies in the United States that don’t work with ChexSystems and other credit reporting agencies.
So you’ve picked an option that best suits you, and you are eager to open up an account there. First, make sure that you have all of these at hand:
Depending on the bank or bank-like service you’ve chosen, you may need to pay an opening fee and make an initial deposit to open your account. You can transfer the money via cash in some cases or electronically in others. Once you’ve set up your account, you can associate a direct deposit (for instance, your salary) with it.
Before writing this article, we read tons of different reviews. The problem with them is that some of the information is outdated and incorrect. Banking products that are mentioned and recommended are no longer available. Our number one priority was to include not only non-ChexSystems banks but also credit unions and financial technology companies on this list. Also, we paid attention to the following important factors:
Before making a choice, think about your real needs. Do you need overdraft protection, are you willing to keep the required amount of money so you don’t have to pay a monthly service fee?
In most cases, if you’re a disciplined person, using a checking account with a non-ChexSystems bank will be quite convenient. The options mentioned above and many more like them are perfect for taking a fresh start!