Banks That Don't Use ChexSystems in 2021

[Honest Reviews]

Do you need a bank account but your application keeps getting denied? It’s probably because your credit report is negative. What you can do is find banks that don’t use ChexSystems.

In this article, we will:

  • Help you find such banks
  • List some of the best checking accounts for bad credit
  • Provide guidelines about which features you should look for and the overall benefits of having a ChexSystems-free bank account 

But first, we’ll walk you through our methodology to find out what banks do not use ChexSystems and rate them accordingly.

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Top 6 Banks That Don't Use ChexSystems in 2021

1. BBVA

BBVA has a full-service banking offer for clients and is great for users who want a guaranteed checking account despite having poor credit. That’s why it’s a highly popular banking alternative for people with bad credit who are denied a standard account. It also has a wide ATM network that’s highly convenient for users. Full Review

  • Large ATM network
  • Robust mobile banking and online banking services
  • Upgrade in 12 months
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BBVA has a full-service banking offer for clients and is great for users who want a guaranteed checking account despite having poor credit. That’s why it’s a highly popular banking alternative for people with bad credit who are denied a standard account. It also has a wide ATM network that’s highly convenient for users. Full Review

Features

4.8/5

Fees

4.5/5

Ease of Signup

4.5/5

Ease of Funding/Deposit

4.5/5

2. Bank of America

Bank of America ranks as one of the most respected and overall best banks that offer second chance accounts. Fees are super low and there’s no monthly balance to maintain. It also offers a robust budgeting tool that helps you track your finances for better banking. Full Review

  • Budgeting tool
  • Great reputation
  • Low fees
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Bank of America ranks as one of the most respected and overall best banks that offer second chance accounts. Fees are super low and there’s no monthly balance to maintain. It also offers a robust budgeting tool that helps you track your finances for better banking. Full Review

Features

4.7/5

Fees

4.8/5

Ease of Signup

4.8/5

Ease of Funding/Deposit

4.5/5

3. Chime

Chime is among the first names to consider when you’re looking for a banking alternative. It offers a powerful banking service that lacks the usual fees associated with standard accounts, such as initial deposits, maintenance fees, or foreign transaction fees. Funds are also FDIC insured. Full Review

  • Convenient online transactions
  • Large ATM network
  • Virtually free
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Chime is among the first names to consider when you’re looking for a banking alternative. It offers a powerful banking service that lacks the usual fees associated with standard accounts, such as initial deposits, maintenance fees, or foreign transaction fees. Funds are also FDIC insured. Full Review

Features

4/5

Fees

4.9/5

Ease of Signup

4.8/5

Ease of Funding/Deposit

4/5

4. Axos

Axos is among the best non-ChexSystems banks for account-holders that want to access a wide range of services. It offers several account options and doesn’t charge high fees. You can also get as much as $8 monthly reimbursement from your in-network ATM transactions in addition to high APY. Full Review

  • Full-service banking
  • Fewer fees
  • Unlimited ATM fee reimbursements
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Axos is among the best non-ChexSystems banks for account-holders that want to access a wide range of services. It offers several account options and doesn’t charge high fees. You can also get as much as $8 monthly reimbursement from your in-network ATM transactions in addition to high APY. Full Review

Features

4.5/5

Fees

4.9/5

Ease of Signup

4.5/5

Ease of Funding/Deposit

4.5/5

5. Varo

Varo offers a robust banking alternative for people with bad credit. There’s no minimum balance required, and you can get high APY rates. Account-holders can expect a greater range of services as Varo is eager to expand its scope. Its second chance banking options are rated as excellent by customers. Full Review

  • High savings APY
  • Excellent customer service
  • Opportunity for expansion
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Varo offers a robust banking alternative for people with bad credit. There’s no minimum balance required, and you can get high APY rates. Account-holders can expect a greater range of services as Varo is eager to expand its scope. Its second chance banking options are rated as excellent by customers. Full Review

Features

4.5/5

Fees

4.9/5

Ease of Signup

4.5/5

Ease of Funding/Deposit

4/5

6. N26

N26 is an excellent alternative to standard bank accounts, thanks to its powerful offerings that span continents. Its MasterCard can perform all the functions of a regular bank card, such as withdrawals and purchases. It also offers rewards, perks, and account features that add value to the customer experience. Full Review

  • International bank for frequent travelers
  • MasterCard available
  • Budgeting features
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N26 is an excellent alternative to standard bank accounts, thanks to its powerful offerings that span continents. Its MasterCard can perform all the functions of a regular bank card, such as withdrawals and purchases. It also offers rewards, perks, and account features that add value to the customer experience. Full Review

Features

4.5/5

Fees

4.9/5

Ease of Signup

4.9/5

Ease of Funding/Deposit

4.7/5

How We Created This List – Our Methodology

To ensure that we’re listing only the best banks that do not use ChexSystems, we analyzed the following features:

  • The Minimum Deposit to Open an Account – non-ChexSystems banks often have little to no minimum deposits when you open an account. We searched for banks that have the lowest required minimum deposits and at the same time don’t sacrifice key features.
  • Account Requirements – we also researched what these banks ask for when you open a checking account for bad credit with them. Requirements may include providing your social security number and/or other government-issued IDs.
  • The Signup Process – since lengthy processes are usual for bigger banks, we checked how easy or difficult it is to open an account with each bank. This will help you find the most convenient one for you.
  • Banking Services – these services may include savings account offers, upgrades, deposits and withdrawals, and other features. We checked these banks’ services and compared them to other offers to find which ones provide the best value.
  • Monthly Fees – we also checked and compared how much you’
    ll spend
    for using each bank’s services monthly. These monthly minimums are often higher in standard accounts, while banks that don’t use ChexSystems have lower fees.
  • Monthly Service Charge – hidden fees such as monthly service charges can ruin your banking experience. As such, we also checked which banks do not have hidden fees and which charge reasonable amounts for higher-quality service.
  • ATM Network – the ideal bank should have ATMs available nationwide to make it easier for you to withdraw or deposit money. We checked which banks have the most ATMs available for their customers.
  • Fees on ATMs – when using in-network ATMs, you usually don’t have to pay any fees. However, out-of-network ATM transactions often charge fees. We checked which bank charges ATM fees and how big they are.
  • Check Writing – checking accounts for poor credit are convenient for writing actual checks. We checked which banks offer no-ChexSystems checking accounts and which ones only offer savings accounts so that you can choose wisely between them.
  • Cashback Rewards – if you frequently use your account for purchases, it’s great to have cashback rewards and other similar perks. We checked which banks offer such rewards and how much you can get back every time you use your account.
  • Mobile, Online, and Phone Banking – to find the best online checking accounts with no ChexSystems, we also looked at what they offer in terms of online and mobile banking. They may have apps or online capabilities that can make your banking experience even more seamless.
  • Mobile App – as many non-ChexSystems financial institutions operate online, most of them also have apps with mobile check deposit or card lock/unlock features. We compared which banks have more robust app functionalities than the others. We also checked whether their apps are secure or prone to glitches.

  • Daily Deposit Limit – some of these banks’ daily deposit limits may also differ from traditional banks. We checked which ones have higher limits and which ones have more flexible setups.
  • Overdraft Fee – we checked which banks charge the highest overdraft fees. These fees are charges you pay when your bank or credit union covers you for payment, transfer, or withdrawal that exceeds the funds available in your checking account. Having a negative history of overdraft fees can result in a poor credit rating.
  • Mobile Deposits and Transfers – mobile transactions are necessary for a seamless banking experience. The more flexible they are, the better. We checked which banks have the most convenient mobile deposits and transfers.
  • Fraud-Free Record – we found banks that have the cleanest records in terms of fraud accusations or reports. The best checking accounts for bad credit should come from a bank with a trusted reputation.
  • FDIC Membership – we checked which banks are insured via the Federal Deposit Insurance Corporation (FDIC), although this membership is voluntary for banks. An FDIC insurance means your money is safe even if the bank goes bankrupt or closes.
  • Second Chance Savings Accounts – we also checked for second chance savings accounts that let you have a fresh start despite negative ChexSystems reports. These accounts have only slightly different features from second chance checking accounts offered by online banks, which we also reviewed.
  • Withdrawal Limit Per ATM Transactions – we also reviewed which banks implement the highest and lowest withdrawal limits per ATM transactions. This will help you better manage your savings account activity.
  • Customer Support Service – we also investigated which banks have the best (or worst) customer support reputations. We did this by checking direct customer reviews that talked about their experience with the bank in question.
  • Typical Approval Time – we also compared the time it takes for banks to process applications. As a non-traditional banking option, applying for a non-ChexSystems account should be quick and straightforward.
  • Foreign Transaction Fees – these fees are charged by banks for purchases or transactions made in foreign currencies. We checked which banks have the lowest or highest fees to help you decide which to choose. If you’re a frequent traveler, low foreign transaction fees will appeal to you.
  • Savings – finally, we also reviewed which online bank with no ChexSystems offers the best rates in terms of savings and APY. The higher these rates, the faster you can grow your money in the bank.

 

 

Detailed Reviews

BBVA
BBVA

Best Robust Services

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  • Large ATM network
  • Robust mobile banking and online banking services
  • Low interest rates
  • Good option for bad credit
  • Limited branch locations
  • Upgrade in 12 months

BBVA offers a full-service banking experience and has a solid digital presence. It’s best for you if you want to open a checking account without ChexSystems but still want to get robust services.

There are multiple checking account options. If you get denied for its standard checking account, you can apply for a starter account. It gives you a debit card and direct deposit functions, as well as online and mobile banking features.

BBVA doesn’t charge any ATM fees or monthly service fees. The initial deposit is only $25. It’s one of the best banks that don’t check credit or use ChexSystems, but it uses Early Warning Services (EWS).

You can sign up either in person at a local branch or via telephone. You must verify your identity by submitting a copy of your driver’s license, passport, or state-issued ID with a photo.

Overall, BBVA offers a functional online bank account for people with bad credit, thanks to its complete banking features and functions. It’s easy to get a checking account, plus you can enjoy robust online features.

Bank of America
Bank of America

Best For Credit Score Building

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  • Easy access
  • Budgeting tool
  • Low fees
  • Great reputation
  • No interest earned
  • No paper checks
  • No overdraft offers

Bank of America is one of the best choices in the banking world for people with great credit scores. However, it also offers a second chance checking account called the Safe Balance Account for applicants who have been denied by ChexSystems.

This account charges only a $4.95 maintenance fee, and the minimum deposit is $25. You get a debit card and enjoy mobile transfers and online bill payment options. There are over 16,000 ATMs nationwide that don’t charge any transfer fee.

If you’re a student, the maintenance fee can be waived. And though it requires an initial deposit, there are no monthly balance requirements.

To enjoy Bank of America’s second chance checking account, go to its website and sign up for a Safe Balance Account. Provide your personal information, including your employment details and social security number. Then, submit your application.

Overall, while Bank of America does a credit check on applicants, it provides second chance accounts. Its features are robust and the fees are low — perfect for individuals who want to build their credit scores.

Chime
Chime

Best For Those In Need Of Instant Banking Access

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  • User-friendly
  • Convenient online transactions
  • Virtually free
  • Large ATM network
  • Difficult cash deposits
  • Limited account types
  • Low APY

Chime is one of the banks that don’t use ChexSystems and offers online banking for individuals with poor or bad credit. It’s best for you if you need instant access to banking but have a negative Chexsystems report.

It’s an internet-only bank that’s perfect if you love the convenience of online and mobile banking. It also has FDIC insurance of up to $250,000, so your money is safe.

Unlike many other ChexSystem-free banks, the fees at Chimes are virtually non-existent. There’s no minimum initial deposit, and the checking accounts don’t charge any monthly maintenance fees or foreign transaction fees. For in-network use, there aren’t any ATM fees, either.

The APY, which lets you grow your account over time, is only 0.50%.

Chime’s banking accounts are great for bad credit because you can build creditworthiness despite negative ChexSystems reports. To open an account with Chime, visit their page, and supply your basic information.

You can deposit money into your account via direct deposit or mobile deposits. It doesn’t allow wire transfers, however. For direct deposits, you must go to a Green Dot location, where you might incur some fees.

Axos
Axos

Best Full-Service Banking

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  • Full-service banking
  • High APY
  • Fewer fees
  • Unlimited ATM fee reimbursements
  • Lower certificate of deposit rates
  • No physical branches

Axos is another online-only bank that charges low fees and doesn’t rely on ChexSystems reports, placing it among the top banks for people with bad credit.

Formed in 2000, it’s among the longest-lived online banks that offer full-service banking for individuals and businesses. It offers checking, savings, and money market accounts.

It does away with many fees. There’s no monthly service charge, overdraft fees, or insufficient fund fees, making it an ideal online bank if you want to avoid hefty fees. You can also get certificates of deposit, loans, and investment options.

It’s a great non-traditional banking option if you have poor or bad credit. Not only does it not use ChexSystems, but it also offers Rewards Checking, where you can gain rewards totaling 1.25% APY. There’s also unlimited ATM fee reimbursement.

When you use their checking account for bad credit, you can get the highest APY by having monthly direct deposits of $1,000 and using your debit card for at least 10 transactions.

You can open an account with Axos Bank through its website. Simply provide personal information such as your mailing address and social security number. You must also provide a valid driver’s license or state ID.

Varo
Varo

Best Highly Functional Banking

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  • No initial deposit
  • High savings APY
  • Excellent customer service
  • Opportunity for expansion
  • Limited banking features

Varo is one of the best ChexSystems-free banks that offer little to no fees and convenient transactions. If you’ve been denied by ChexSystems banks and you need highly functional banking, then Varo is for you.

You can open either a regular bank account or a savings account, which are both FDIC-insured. As a no-ChexSystems online bank, Varo doesn’t charge any monthly, overdraft, or foreign transaction fees.

It also charges no fees when you use any of its 55,000 Allpoint ATMs, though you must pay $2.50 for out-of-network ATM transactions. They offer no APY for regular bank accounts, but you can get up to 2.80% APY with their savings accounts.

You can deposit money via mobile or direct deposit via Green Dot Reload. There’s no deposit fee, but you may incur merchant fees. Withdrawals can be made by making debit card purchases, transferring to another Varo user or another external account, or requesting a check from Varo.

To open an account, there’s no minimum deposit amount. You can sign up via your phone and submit your social security number. You can open an account even if you’ve been denied a checking account due to your bad credit history.

N26
N26

Best flexible banking options

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  • International bank for frequent travelers
  • MasterCard available
  • Offers rewards and perks
  • Budgeting features
  • Signup issues
  • Negative customer service reputation

N26 is an app-based bank headquartered in Europe but services international clients. It’s among the best ChexSystem-free banks if your credit rating is poor but you travel quite often and need flexible banking options.

There is no minimum daily or monthly account balance and no monthly maintenance fees. And even if it’s a Europe-based online bank, there are no foreign transaction fees when you travel overseas.

As one of the banks that don’t use ChexSystems, its features are more than ideal if you have bad credit. You can deposit and transfer money to an external account at any time. You can make withdrawals at any of the 55,000 Allpoint ATMs worldwide.

As an app-based, internet-only bank, there’s robust in-app security, where you can reset your PIN, lock or unlock your card, and enable or disable foreign payments.

Signing up takes less than 8 minutes, and you can do it through your phone or computer. Simply provide the personal information they need, and you’re good to go.

You can also request a MasterCard from them, and it arrives within 2 to 3 days of signing up, which places it among the top banks that offer instant online checking account for people with bad credit.

What Are Checking Accounts for Bad Credit

When your bank account application gets denied because of bad credit, you can use alternatives. These are either banks that don’t use credit reports to screen applicants or banks that offer second chance accounts.

Also called demand accounts or transactional accounts, checking accounts let you make withdrawals and deposits using checks, ATMs, and e-debits. They offer high liquidity, but they don’t have the highest interests on deposits.

As opposed to regular banks, banks that don’t do credit checks for checking accounts often charge lower fees. In general, they function similarly to traditional banks. APY rates may differ, but their real advantage is that you have access to great banking despite having poor or bad credit.

How to Get Approved for Banks that Don’t Use ChexSystems

Registration for such banks is straightforward and follows requirements similar to more traditional banks. Follow these steps when trying to get approved for an account:

  1. Check the Bank’s Requirements – while banks might not perform a credit check on applicants, they do require things like government-issued IDs, social security numbers, addresses, and other personal information. Always check what the bank needs from you before signing up to get approved.
  2. Go Through Your Credit Report and Dispute Any Error – most account denials happen because of poor credit ratings, which stem from less-than-perfect credit reports by the three main credit bureaus. Before signing up with a bank without ChexSystems, go through your credit report. If you find any errors, dispute them. If you’re successful, you may end up being eligible for an account in bigger and more traditional banks.
  3. Choose a Second Chance Bank Account – a second chance bank account is another alternative where banks with no ChexSystem or credit unions are willing to look past your poor credit. Think of second chance bank accounts as the bare-bones version of standard accounts, with fewer features and a limited spending threshold.
  4. Think About Using a Prepaid Debit Card – you might also consider using prepaid cards, which aren’t linked to a bank checking account or a credit union account. Using this card, you deposit money in advance, and that’s what you spend when using the card.
  5. Know Which Features You Want – while features may differ from one account to another, ChexSystems-free banks often provide features similar to traditional banks. These features may include online banking, mobile deposits, and free in-network ATM usage.
  6. Use the Account Wisely – once you have the account, make sure you use it wisely. Avoid unpaid fees, overdrafts, and other things that can affect your credit report negatively. Eventually, you’ll be able to upgrade or switch to a standard bank — when you finally have a better credit rating.

Good Side to the Checking Account With Bad Credit

A bad credit checking account lets you manage, store, or spend your money when banks deny you a standard account.

You can forego credit checks, as banks that don’t use ChexSystems are meant for people with poor or bad credit history. Acquiring a credit card to use for purchases or transactions in-store or online is also easy.

You can benefit from little to no fees. Initial deposits, maintaining balances, and foreign transaction fees are generally cost-free in such accounts. This can help rebuild your credit rating after a bad credit report since you can stop worrying about unpaid fees. You’ll also withdraw cash over the counter or through ATMs and set up direct debits and standing orders, which are convenient and easy to do.

These checking accounts also provide access to online banking features, as well as real-time transaction alerts. Similar to traditional banks, these accounts also offer additional features and budgeting tools.

At the same time, such an account allows you to establish a better relationship with a financial institution. This can help you down the road if you’re thinking of applying for a mortgage from other loan providers.

Downsides to Consider 

Meanwhile, there are also some downsides. For instance, as opposed to a standard checking account, accounts for bad credit may feature overdraft restrictions. That means you can only spend what’s in your account and the bank won’t cover any exceeding limits.

If you choose not to have an online checking account for bad credit — or any account at all — you won’t be able to:

  • Set up direct debits and standing orders – many firms offer discounts to direct debit buyers. Without a bank account, you’ll always pay in full. Another reason for paying for goods or services using direct debits is because it’s convenient and fast.
  • Improve your credit rating – if you don’t have a bank account, your credit rating will be negatively affected. Making regular payments using direct debit can improve your credit score as reflected in consumer reports.
  • Access other sources of funding – without a bank account, you might not be eligible to access other funding sources in case you need them, such as mortgage and loan providers.
  • Guarantee Cash Security – dealing purely with cash all the time isn’t always safe. You also won’t benefit from fraud protection. Reporting cash-related fraud will likely take a longer time to resolve and you won’t be reimbursed.

Overall, having a checking account for bad credit lets you enjoy convenient banking services while also rebuilding your creditworthiness. This way you can improve your credit rating quickly.

Alternatives to Bank Accounts

If you can’t get approved for bank accounts, other alternatives include:

    • Credit Unions – these are great alternatives to bank accounts as they have lower fees, higher savings rates, and a more personalized approach to your financial situation. At the same time, they’re great loan providers with easier terms than large, impersonal banks. Although they have fewer financial services, they generally operate in the same ways as banks do. They’re also federally insured by the National Credit Union Share Insurance Fund, which is the equivalent of FDIC insurance for banks.
    • Debit Card-Based Accounts – these are cards not attached to any bank accounts. They’re fee-based prepaid cards that allow you to “reload” money into them. With these cards, there’s no risk of uncollected overdrafts. You’ll only be spending the money you’re putting into the account, so it’s a great way to manage your budget. Some cards can also load your paycheck directly into them, fully eliminating the need for a bank account. Just be careful with the fees, such as purchase fees, loan fees, monthly fees, and inactivity fees.
    • Secured Credit Cards – a secured credit card is a good way to access funding while building your credit. You deposit a payment upfront, and the issuer will hold it in case of default. Although secured cards have low credit limits and high-interest rates, they’re a good way to improve a bad credit history if you pay responsibly every month. These are available both from traditional banks and banks for bad credit.
    • Money Market Funds – money market funds offer accounts with higher yields than traditional banks. These funds also ensure that their price remains at $1 per share, so you’re technically not losing any money in them. However, the downsides include being uninsured by the FDIC and paying a minimum initial deposit, which can be hefty.
    • Online Banks – online-only banks have less overhead. Just like banks that do not use ChexSystems, they often look beyond a negative ChexSystems report. They also often have lower fees and better rates than your average banks. With online accounts, you can perform many of the functions of a standard bank account, only easier. Transactions can be done via a mobile app, where you can deposit, transfer, or purchase items without ever touching an ATM or going inside a banking office.
    • Finally, if none of this sounds too enticing, our best tip is to get the help of credit repair companies like Credit Saint. Once your credit is looking better, you’ll be able to open a regular account.

What’s the Difference Between non-ChexSystems and Second Chance Banking? 

When choosing between no-ChexSystems banking and second chance banks, it pays to know the difference.

No-ChexSystems Banks 

Banks that don’t use ChexSystem may verify new accounts using other consumer reporting agencies. For instance, BBVA doesn’t use ChexSystems, but it uses Early Warning Services, which allows them to verify an applicant’s account.

With no-ChexSystems banks, you can avoid fees associated with traditional accounts. Since they’re FDIC-insured, your money gets the same fraud protection as when you store it in a standard account. Automatic payment features are also available.

The downside to this kind of banks is that they are usually difficult to come by. Although we’ve listed the best banks here, 90% of other banks still use ChexSystems.

Many banks that don’t use ChexSystem are also online-only companies, meaning they don’t have physical locations. In this case, there’s no in-person support when you need it. You’ll do everything online, which can be good or bad depending on the issue you’re facing.

Second Chance Banks 

Meanwhile, second chance banks use ChexSystems to screen customers. However, they’re willing to offer a fresh start and a checking account even though the customer is denied the standard account. These accounts are ideal for people with past banking problems. Credit card companies also offer this feature.

Second chance accounts come with fees, such as monthly minimums. The rewards and features, which you can find in standard checking accounts, will also be limited.

At the same time, banks that offer second chance checking with no opening deposit may ask you to take a course on money management. This can take time and may not be practical depending on your situation.

Both second chance banking and no ChexSystems banks offer a great alternative for people with bad credit.

2021’s Banks That Don’t Use ChexSystems – At A Glance

  • BBVA – Best robust services
  • Bank of America – Best for credit score building
  • Chime – Best for those in need of instant banking access
  • Axos – Best full-service banking
  • Varo – Best highly functional banking
  • N26 – Best flexible banking options

Conclusion

Getting denied a standard banking account doesn’t necessarily mean you can’t have a great banking experience. A no-ChexSystems bank can offer useful features that help you build a higher credit rating, while second chance accounts allow you to start over.

Apart from them, credit unions and debit card-based accounts are also good alternatives. A credit union checking account for bad credit gives you a more personalized banking experience, but card-based accounts let you monitor your expenses more properly.

With these banking alternatives, you’ll never run out of choices even if you’re going off a fresh start to recover from bad credit.

FAQ

What is ChexSystems?

ChexSystems is a reporting agency that collects information about your financial history, specifically the problems you’ve had with checking and savings accounts. Banks use their report when deciding whether to approve your account application or not. A negative ChexSystems report is a common reason for application denials.

What banks do not use ChexSystems or Telecheck?

Some examples of ChexSystems or Telecheck-free banks are BBVA, Chime, Axos, Varo, N26, Renasant Bank, and TD Bank. These banks offer you a chance to rebuild your credit after a big financial mistake or if your credit rating has fallen to poor or bad, while also providing a functional banking experience.

What are the cons of using an online bank with no ChexSystems?

The downsides of using online banks without credit checks include having limited account capabilities. Their businesses are done mostly online, so you’ll also receive limited customer support in case you need in-person services.

Can I open a bank account if I owe another bank money?

It depends. With some banks, you can open an account even if you owe another bank money. However, you may not be able to get your preferred account type. Unpaid fees appear in consumer reports. You can renegotiate with the bank for a second chance account if your application is denied.

Can a bank remove you from ChexSystems?

No, they cannot. However, they can override or overlook negative ChexSystems records based on policies. Your negative ChexSystems record, meanwhile, typically stays on the report for 5 years until you’ve paid your debt or fees. If your consumer report is accurate, pay off the balance as soon as possible.

Does Chase use ChexSystems?

No, Chase doesn’t use ChexSystems. Chase is a part-owner of EWS, which is a competing service to ChexSystems. EWS checks for negative information including overdrafts and bounced checks. Chase is required to submit information to this credit reporting group for them to create consumer reports.

What is the Best Free Online Checking Account for Bad Credit?

The best free accounts for bad credit are offered by BBVA, Chime, GoBank, Axos, Wells Fargo, and Bank of America. Each of them offers great account features and rewards to help you recover from bad credit through their second chance checking account options.

How do I clear my ChexSystems?

The fastest way to clear your ChexSystems records is to pay all debts and fees. If you think there are errors in the report, dispute them accordingly. Banks that don’t use ChexSystems are often willing to overlook this, but clearing your record is necessary to become eligible for better account types.