Second Chance and No Chexsystems Banks

no chexsystems banks and second chance banks

Open a bank account at a No Chexsystems Bank; you can get approved even if you have a Chexsystems record. Chexsystems is a consumer reporting agency which means inaccurate information can be disputed.

The dispute process may take some time and living without a bank account is not only inconvenient but also costly. Check cashing fees add up over time and not having a place to grow your money prohibits wealth building.

No Chexsystems banks do not use Chexsystems to open bank accounts; however they may run a credit report, use EWS or Telecheck. A No Chexsystems bank may also have a Second Chance Account allowing consumers with current or past Chexsystems records to open accounts.

No Chexsystems Banks in 2013

Capital One 360 Checking Account

Capital One 360 Checking comes with MasterCard® Debit Card for all purchases, free online bill pay, free access at over 38,000 Allpoint® ATMs and checks. Earn interest on your FDIC-insured Deposits. Use our mobile app or your computer to deposit checks from anywhere with CheckMateSM. A ChexSystems report will not be run but Capital One 360 will pull your credit because the checking account comes with an overdraft line of credit. Open the Capital One 360 Checking Account today and earn a $50 bonus.

Capital One 360 also offers a Savings Account and they do not run your credit for this account. The savings account has no hidden fees or service charges and no minimum deposit. Capital One 360 offers two great online accounts. Open a Checking or Savings Account Today.

TD Ameritrade Cash Management Account

TD Ameritrade is another brokerage account that offers a Cash Management account. If qualified you will get a TD Ameritrade Visa® debit card with free ATM withdrawals. You get reimbursed for any ATM charges nationwide. There are no monthly maintenance fees, no minimum balance requirements, unlimited check writing, you can set-up direct deposit and online bill pay.

You have to open a brokerage account first then once the brokerage account is open just choose the option to open the Cash Management Checking Account; and that’s it. You will not have to fund either account immediately and there is no minimum deposit required to open the Cash Management checking account. Open New Account Today.

USAA Free Checking

USAA serves the military but they will open an account for non-military if your spouse or parent is military and has insurance with USAA; or, your spouse has honorably served in the military. USAA verifies customers using Early Warning Services, so if you have a record in EWS you may be denied. The minimum opening balance is $25 for a checking account but you will need to make your initial opening deposit with an existing checking account or a Mastercard.

Suntrust Bank

Suntrust Bank offers several types of checking accounts, all of which include online banking, mobile banking, overdraft services, direct deposit, online bill pay and a SunTrust MasterCard® Check Card. While Suntrust maintains they do not use ChexSystems, some consumers have reported otherwise. It may be best to apply over the telephone or through their online chat service; and, complete the process in full through the mail.

Fort Sill National Bank

Fort Sill National Bank (FSNB) is open to anyone; you do not have to be in the military. FSNB does not use ChexSystems. If you are interested in direct deposit, this may be a good account for you because FSNB may not be located in your state. In order to open an account from any location call their new accounts department at (800) 749-4583 and an application will be mailed to you.

Everbank

Everbank is another great bank that does not use Chexsystems. Your credit history will be pulled for identification purposes. Each credit situation is evaluated on an individual basis; therefore, if you have bad credit you can still apply online and may get approved.

Even though the minimum opening balance is $1,500, you are not required to maintain the minimum balance once your account is open. Other features are direct deposit, ATM reimbursements, online & mobile banking, mobile check deposits, overdraft protection and optional online bill pay. Everbank has one of the highest yield interest earning checking accounts in the industry.

IncredibleBank

This bank is an internet only bank and a division of River Valley Bank. IncredibleBank offers a a high yield checking account and a high yield CD that can be opened online. This is a no Chexsystems bank but they will run a credit report and require a minimum credit score of 640.

TCFBank

This bank is not available in all states. TCFBank has 436 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota. This bank offers several checking accounts to choose from and business checking. They will open an account for consumers in Chexsystems but you must not owe any money to TCFBank.

Bank Sweeps

Banks will sometimes conduct ChexSystems Sweeps on existing customers and close accounts without warning even if your account is in good standing. Never have all your money in one bank. Because the USAA Free Checking and Capital One 360 Checking Account do not use ChexSystems, both can be excellent back-up accounts if you have an existing checking account but are still in ChexSystems.

Second Chance Checking

US Bank

Try the in-store branches and take proper identification along with a utility bill showing your address. Consumers using in-store branches have experienced success in opening checking accounts while in Chexsystems.

Woodforest Bank

This bank is not available in all states; however, they do have an account called “Second Chance Checking. It comes with unlimited check writing and a debit mastercard. You must go inside a branch in order to open this second chance checking account.

BBVA Compass

Offers a second chance checking account where you get a visa debit card, unlimited check writing and no minimum balance required. The monthly service charge is $13.95 and the minimum opening deposit is $25.

Wells Fargo – Opportunity Checking

This is a traditional checking account with a visa debit card and checks; however, it comes with some restrictions. This account will definitely help you stay within your budget. Deposits cannot be made through the ATM and you may not be able to get cash back immediately upon depositing a check. Once you remain in good standing for some time, Wells Fargo may offer you an upgrade to a regular checking account, with less restrictions.

Chase

Chase offers an account called Access Checking. It comes with several limitations but you may be able to convert to a regular checking account after 6 months in good standing. You will receive a debit card with this account. You must go into the branch to open the account and they do pull your credit report for verification.

PeoplesCashSolutions

Peoples Cash Solutions offers a Second Chance Checking Account for consumers who have been reported to ChexSystems or TeleCheck. There must be no fraud activity reported in ChexSystems. Bad credit and even bankruptcy are okay.

Fund an Account or Verify Small Deposits

If you are opening an account online but do not have a way to fund it instantly with another account, debit or credit card, most online accounts can be funded with a prepaid debit card.

Some online accounts even verify your identity by making a small deposit into an existing checking, savings, credit or debit card account and then have you verify the deposit amount. A prepaid debit card such as the Account Now Prepaid Visa or the Walmart MoneyCard℠ MasterCard® Prepaid Card will meet the requirements if you need to fund an online account immediately or verify your identity by allowing the online bank to make a small deposit.

Safe Check Ordering

Consumers who have been reported to ChexSystems, whether the item is paid or unpaid, should be careful when ordering checks. Ordering checks from well known companies such as Deluxe, Designer Checks, Checks Unlimited and Current Checks may not be safe. These companies share your personal information with ChexSystems. ChexSystems will then report your ChexSystems record to your current bank.

Order checks from companies that do not share your personal information with ChexSystems such as Costco Check Printing, Checkworks or Harland Clarke. Ordering checks from companies that share your information with Chexsystems may end up getting your current bank account closed, even if your checking account is in good standing.



Comments

  1. Thanks for that information. They were such a good source for consumers for so long. I did contact them and USAA will open an account for non-military if your spouse or parent has insurance with USAA; or, your spouse has honorably served in the military. I hope USAA reconsiders their new policy. They are a great bank.

  2. USAA no longer opens accounts for non-military customers. I was advised of this about 2 weeks ago. :(

  3. Thank you for sharing that information for my Philly readers. Credit unions can be a great place to develop a banking relationship.

  4. VIRIVA COMMUNITY CREDIT UNION, IN PHILADELPHIA DO NOT USE CHEXSYSTEM OR TELECHECK

  5. If a sweep has occurred most banks will return your money within 30 days of the account closing. But you can usually get it sooner if you speak with a manager and make a fuss about it.

  6. If they do sweeps and they close the account after it has been opened, what about the money? how do i get my money from the bank?

  7. Lisa Phillips says:

    That’s great to hear! You’ll enjoy USAA account products and their customer service.

  8. Carolyn says:

    I applied for the USAA checking account and was instantly approved.

  9. Hi I have a question Ive had an account with Wells Fargo about two years ago. Is it possible that I can still open an opportunity checking account?

  10. Lisa Phillips says:

    Congratulations, that’s good to hear!

  11. I went to US bank and got a regular checking and savings account. Thank you

  12. Lisa Phillips says:

    Yes! That’s why it is already on the above list but thanks for the comment.

  13. Woodforest Bank also offers Second Chance checking. 25.00 min open deposit…with 9.95 a month svc fee without direct deposit..and 7.95 with direct deposit.

  14. Many banks are now using Chexsystems & credit reports to deny even savings accounts. I am unable to get any sort of “real” bank account – savings or checking – until I pay off banks that have never sent me anything stating I owe them! Chexsystems won’t remove them either.

  15. Kev_Greene says:

    Some banks I tried to get accounts at ran a credit check so it seems you are basically screwed if your credit is questionable, unless you get a savings account only.

  16. KingofPain says:

    Chexsystems is so unfair because they will try to put you in there for 5 years for little amounts. I had a small accont go to chexsystems for less than 30 lousy bucks and it stayed their the entire 5 years. I hate them!

  17. It’s been so long since I had an account I’m not sure I even want one now, except for paying a check cashing place to cash my payroll checks. The prepaid card has worked but there are more fees involved then I would like.

  18. Jennifer says:

    Thanks for the second chance bank list I was able to open checking and savings account

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