Advertising Disclosure The good news is that you can still open a free online bank account with no credit check, no monthly fees, or minimum balance requirements. CheckingExpert has helped thousands of people just like you open no credit check bank accounts… no credit check bank accounts that give you all the checking
account features you need and deserve without the exorbitant fees many banks impose. Most banks look at the credit history of their customers before granting them the ability to open a checking account. Some banks run a credit check through one of the major credit bureaus: TransUnion, Experian,
or Equifax. Other banks will dig deeper by turning to a company called ChexSystems. This company identifies your history with overdrafts, bad checks, and account freezes. Additionally, banks will look at check fraud, negative balances, and excessive withdrawals through Early Warning Systems (EWS). If you find yourself
blacklisted by one of these companies, getting a bank account can seem impossible. The researchers at CheckingExpert.com have selected the top banks that provide checking accounts for those with bad credit. There are no hidden fees, no minimum balance, and no monthly fees. You can apply online and it takes only a matter of minutes to complete the application process. If you’ve got bad credit and need a checking account, these banks are two
very strong options. Open an account today! 1. Chime | Our Top Pick Opening an account is easy and it automatically includes both a checking and savings account. It takes about 2 minutes and you don’t have to make an initial deposit. Here’s what we like:
Deposit Cash for FREE at Over 8,500 WalgreensHaving access to a physical location for cash deposits is important to Chime members. And now it’s easy. All you have to do is go into a Walgreens store, hand the cashier the cash you want to deposit along with your Chime card, and the deposit will show up in your account immediately. This offers Chime members more walk-in locations than any other bank in the U.S. With over 78% of the country within 5 miles of a Walgreens, this is a significant benefit for millions.4 Instantly Transfer Funds The Chime app also has a series of notifications that you can turn on or turn off so you stay in complete control. Misplaced or lost your card? You can instantaneously turn off your card using the app. No wonder over 300,000 customers have given the app a 5-star review. Savings Made EasyChime was one of the first to offer a “round up” option. If you use your Chime card on a purchase of $10.65, Chime gives you the option of automatically rounding up to $11.00 and putting the remaining $.35 in your free Chime savings account. And that adds up over time! Plus, Chime pays 1.50% Annual Percentage Yield (APY)6 in interest on that savings account. Customers FirstIf you use direct deposit with your Chime account, you can get your paycheck up to 2 days early7. And Chime is just saying no to big bank NSF charges with a fee-free overdraft program up to $200. We don’t think there is another company innovating for their customers like Chime. Get a Chime Account Today! Chime is a financial technology company, not a bank. Banking services and debit card issued by The Bancorp Bank or Stride Bank, N.A.; Members FDIC. See additional disclaimers below. 2. Current | Earn High Interest Why are we featuring Current on our website? It’s simple: they don’t use ChexSystems or your credit report to open a new account. Sign-up takes about 2 minutes and Current has extremely high acceptance rates. But what’s really cool are the incredible features offered with this account:
Here’s what’s really important, though. Deposits are FDIC-insured up to the highest possible amount allowed: $250,000. We love the features, we love the smartphone app, and we love Current. That makes us think you’ll love them too. Get a Current Account Now! Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Metropolitan Commercial Bank, Members FDIC. 3. NorthOne | No ChexSystems Small Business Banking
Banking ServicesNorthOne doesn’t require a minimum account balance and charges a $10 monthly fee that includes unlimited transactions in your account. These include ACH payments, bill pay, debit card usage, mobile deposits, and transfers. The only other fee is $15 for wire transfers. You can also grant read-only access to employees or your accountant or bookkeeper. This keeps your account safe while also giving access to those who need it. IntegrationsWith NorthOne business banking, you can connect your account to an almost unlimited number of third-party apps. NorthOne integrates with business tools including Paypal, Stripe, Square, Etsy, Shopify, Airbnb, Amazon, Venmo, Toast, Uber, Lyft, Quickbooks, FreshBooks, Wave, Expensify, and many more. Through these integrations, you can sync transaction details, collect payments, see and pay invoices, send payroll, pay contractors, and more. If creating and sending invoices, quotes, and estimates is critical to your business, NorthOne offers a free stand-alone invoice creator that integrates seamlessly with the banking app. We’ve tried it and think it’s an elegant solution. Application ProcessOpen an account today! 4. Chase Secure BankingSM | $100 New Account Bonus Here are some of our favorite features with this account:
Highly Rated Mobile AppAvailable for iOS and Android, the Chase Mobile app offers 24/7 access to your account. The app is highly rated, earning 4.8 stars out of 5 on the App Store and 4.4 stars out of 5 on Google Play. You can transfer funds, deposit checks, send money with Zelle, set up account alerts and notifications, and lock your card if it’s been lost or stolen. The app also has incredibly helpful budgeting tools, personalized insights, and the ability to check your credit score for free. How The Account WorksOpening the Chase Secure Banking account is easy. They verify your name, address, and social security through Experian, but don’t pull a credit report or credit score. Chase doesn’t use ChexSystems for this account, either. Account approval is immediate, there’s no opening deposit requirement, and you’ll receive your Chase Secure card within a matter of days. Chase doesn’t offer overdraft services with this account as you can only spend the money you have available and the account does not include paper checks. You should also know that using non-Chase ATMs can cost from $3.00 to $5.00 per transaction. Chase Secure Banking carries a $4.95 monthly service fee that cannot be waived. But combined with all the free services and the $100 cash bonus when you use the card for 10 purchases within 60 days, the monthly fee doesn’t pose a problem for most customers. And, you’ll have peace of mind with Chase’s Zero Liability Protection if you detect and report unauthorized transactions. Banking With A LeaderChase claims to be involved with 40% of Americans in some way or another. There can be comfort in size, reach, and stability. Chase has all of that and the assurance they will be there for a long, long time. If you’ve wanted to bank with Chase and wondered if you’d qualify, we think you’re going to be really happy with the Chase Secure Banking account. Get a Chase Secure Banking account today! 5. Aspiration Spend & Save Here’s a few of the account features:
Free or Monthly Fee – You ChooseWith an Aspiration account, you decide how much your monthly fee will be — starting at $0. Through its “Pay What Is Fair” model, the company trusts customers to choose a monthly fee that’s fair for your wallet and fairly reflects the service you get from Aspiration. You can change your fee at any time. For $7.99 per month, you can also choose to become an Aspiration Plus member and earn extra perks: 5% APY interest on savings, 10% cashback on certain purchases, and a debit card made of recycled ocean plastic. That’s a load of benefits! This is the only banking product we’ve reviewed that offers the opportunity for members to spend and save with an environmentally friendly purpose. Get an Aspiration account today! 6. Acorns We love the heavy metal tungsten Visa debit card and the world-class smartphone app that allows you to manage every aspect of your new checking account such as budgeting, spending, and security. Another nice option is the ability to round up on every purchase and Acorns will take that money and automatically put it in a savings account. This really helps build a nest egg. It takes about 2-3 minutes to sign up and not only do you get a checking and savings account, but you also have access to an investment account once you’re ready to consider that. And, it’s free. Here’s more:
There is a $3 monthly fee that is easily covered by the ATM fee reimbursement and other goodies included with the account. If you’ve struggled with poor credit or ChexSystems, Acorns might be the perfect account. Get An Acorns Account! 7. SoFi Money | Earn a $325 Welcome Bonus You get a debit MasterCard and a very slick smartphone app. You can make deposits, write checks, utilize electronic bill pay, and transfer money. There are no monthly fees or overdraft fees. Plus, you earn interest on all the money in the account! The sign-up process can take less than 60 seconds. With over 2.5 million members, SoFi is a bank you can count on! The $325 bonus comes in two parts. When you deposit at least $10, SoFi will credit your account $25. When you set up direct deposit from an employer, SoFi will credit your account up to $300 (depending on the amount of your direct deposit) and bump the interest rate you earn to 1.25% APY. The bonus and interest rate are some of the highest we’ve seen.
Kevin M., SoFi Money Customer Get a SoFi Account Now! 8. Wells Fargo Bank There is a $5 monthly fee, but that is be waived for account holders 24 years old and younger. This account is available to residents in all 50 states.
Get a Wells Fargo account 9. GTE Financial GTE Financial is one of the largest credit unions in the US. Membership is open to anyone through easy requirements and an online application process. The Go Further account includes:
Get a FTE Financial account 10. Navy Federal Credit Union Both account options come with a free NFCU debit card. There is no monthly service fee with direct deposit. Your account is protected from overdrafts with free savings transfers, a checking line of credit or an optional overdraft protection service. You also receive:
Get a Navy FCU Account Today! 11. Lili | Quick Approval Small Business Banking Lili offers a checking account and Visa debit card with no initial deposit or minimum balance requirement, no hidden fees, no credit check, and no ChexSystems. Lili makes getting your account easy! Here’s more of what we like:
Integrated ToolsThe Lili smartphone app gives you access to tools to manage your expenses and taxes. You assign a category for each expense by swiping left for “life” or personal expenses and right for “work” or business. You can also add receipts to transactions, download quarterly and annual expense reports, and track spending in real-time. Lili will automatically assign an expense category based on the merchant, but allows you to edit the category as needed. Robust for MostLili is best for small business owners who want a no-frills, no cost, no minimum balance bank account. You can run all your business and personal expenses through the account and can easily identify and separate them out for accounting and tax purposes. After your account is set up, you can add a business name or DBA name to the account. And you manage everything from the touch of your smartphone. But there are some limits, too. Lili doesn’t offer checks and you can’t set up your account with an employer identification number. Depositing cash at Green Dot locations can cost up to $4.95 and mobile check deposits are limited to $6,000 per month. Lili ProLili recently announced a new set of features called Lili Pro. The cost is $4.99 per month and includes a no-fee overdraft up to $200 on debit card purchases and a robust and unlimited invoicing capability built into the smartphone app. On top of that, users receive 1.00% APY on savings account balances and a more robust expense tracking capability. The Pro version also offers cashback when you make purchases at over 14,000 merchants. If you’re not sure you want to sign up for Lili Pro, get Lili Standard (no cost) and you can upgrade later. Application ProcessYou can set up an account online. If you’re a freelancer, you should receive approval and account access almost instantly. If you’re a sole proprietor or single-member LLC, approval can take a couple of days. You can fund your account using a mobile check deposit, direct deposit, ACH transfer, or by linking your Venmo, PayPal, or Cash App account. Lili is open for business. Anyone who is their own boss: a sole proprietor, gigsters (ie. Uber and Lyft drivers), contractors, freelancers, or part-time entrepreneurs – you all qualify! Whether you opt for the fee-free Lili Standard account or the upgraded Lili Pro account, we think you’re going to like the way Lili helps you manage your growing business! Open a Lili account now! 12. GO2bank One significant drawback to many online-only bank accounts is that they have no way to accept cash deposits. But GO2bank accepts cash deposits at over 90,000 Green Dot locations nationwide. However, participating retailers may charge you a fee. If you direct deposit over $500, your monthly maintenance fee of $5.00 is waived. And, they offer a pretty sweet overdraft protection program, but it has a gotcha charge of $15 if you don’t replace the funds within 24 hours. Account-holders will appreciate the ability to budget their money with the help of a mobile app, budgeting tools, and a savings vault. In fact, they pay 2.5% on all money in the saving vault up to $5,000. Get a Go2bank account today! Want A Local Bank or Credit Union? Here’s The List of Best Second Chance Banks and Credit Unions in Every State.Unfortunately, most major banks don’t offer second chance checking. However, many community banks and credit unions have them under various names, such as Opportunity Checking and Fresh Start Checking. Some banks and credit unions offer so-called second chance checking accounts to help people rebuild their credit and financial histories. These accounts usually carry monthly fees and come with a few other requirements, such as participating in a financial literacy or money management class. An account holder might also not be eligible for overdraft protection, since second chance banking serves as a way to prevent overdrawing an account altogether. Additional
Chime Disclaimers: Back to Chime Review 1Eligibility requirements apply. Overdraft only applies to debit card purchases and cash withdrawals. Limits start
at $20 and may be increased up to $200 by Chime. See chime.com/spotme. What bank account can I open with bad credit?Best Bank Accounts For People With Bad Credit. Chime Account. 5.0 /5.0 Stars. APPLY NOW » Your Chime Checking Account comes with a debit card, no monthly fees or maintenance fees. ... . Current. 4.8 /5.0 Stars. APPLY NOW » ... . GO2bank. 4.8 /5.0 Stars. APPLY NOW » ... . Flare Account. 4.7 /5.0 Stars. APPLY NOW » ... . Oxygen. 4.3 /5.0 Stars. APPLY NOW ». What bank does not do credit check?Varo Bank
Varo Bank is a no-fee online bank willing to work with customers with bad credit. The bank doesn't look at ChexSystems reports or run your credit report to determine if you're creditworthy, which ensures you're in the clear to open a checking account. Here are the details: Monthly fees: None.
Can you get denied a bank account for bad credit?If you have bad credit, there's a good chance that you've overdrawn your checking account or bounced a check or two in the past. The bank running the check will see this in your report from ChexSystems and may deny you an account.
What is the easiest bank to get an account with?The 8 Easiest Banks To Join. Chime. Chime1 is probably the easiest to join. ... . TD Bank. To sign up with TD, users can go online and enter their basic information, including a driver's license number or state ID. ... . United Bank. United Bank has the same requirements as TD. ... . Synchrony. ... . Chase Bank. ... . Axos Bank. ... . Ally. ... . Wells Fargo.. |
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