No Chexsystems Banks: Open a New Account Today

banks-that-do-not-use-chexsystems
Open a bank account at a No ChexSystems Bank and can get approved even if you have a ChexSystems record. Living without a bank account is inconvenient and 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 accounts but they may run a credit report, use EWS or Telecheck. A No Chexsystems bank may also have a Second Chance Account allowing consumers with Chexsystems records to open accounts.

No ChexSystems Banks in 2015

Capital One 360 Checking Account
Capital One 360 Checking account does not run a ChexSystems report. As part of the application process Capital One will “soft pull” your credit report but it will not impact your credit score. There is no minimum deposit required to open the account and no hidden fees. It is truly a monthly free checking account that does not require direct deposit plus you earn interest. The account comes with a MasterCard® Debit Card for all purchases and access to 38,000 free Allpoint® ATMs and 2,000 Capital One® ATMs. Deposit checks directly from your mobile phone or computer. The only drawback is Capital One requires you to link to an existing checking or savings account from another bank. Open the Capital One 360 Checking today.

TD Ameritrade Cash Management Account
TD Ameritrade is a brokerage firm. They offer a Cash Management Account that can be used as a checking account. If qualified you will get a TD Ameritrade Visa debit card with free nationwide ATM withdrawals. There are no monthly fees, unlimited check writing, you can set-up direct deposit and online bill pay. You have to first open a brokerage account then once the brokerage account is open simply choose the option to open the Cash Management Checking Account — and that’s it! You have an instant checking account. There is no minimum deposit required to open the cash management checking account. As a new customer your account will be monitored so avoid overdrafts at all costs. Open New Account Today.

USAA Free Checking
USAA does not use ChexSystems. USAA primarily serves the military but non-military may be eligible too. Current or former military members (retired or veteran) which includes the Guard and Reserves are eligible. Non-military can join if a parent or spouse currently has or had a USAA account. Former spouses and widows are also eligible. USAA hands down is a great full-service bank offering products from credit cards, car loans to renter’s insurance. For members with credit problems USAA has a variety of credit card products that you may qualify for, even a secured credit card that ANY credit type will get approved. USAA Free Checking offers, ATM reimbursement, mobile phone deposits and check deposit checks at your local UPS Store. The minimum opening deposit is $25 for a checking account.

Scottrade Bank
Scottrade is an online brokerage firm and they also have a Bank. To open an account at Scottrade Bank you must first open a Scottrade individual brokerage account with a minimum of $500. Once you open the brokerage account you can use the deposit to open a Checking Account. Scottrade Bank also offers Savings, Money Market and CD accounts. Scottrade Bank does not use ChexSystems. To open a checking account a deposit of $100 is required. You can transfer the money from your Scottrade brokerage account or you have 60 days to make the deposit from another source. Scottrade offers totally free checking, direct deposit, online bill pay, free checks and ATM fee reimbursement. Get started today with Scottrade.

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.

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.

Washington Savings Bank
The Rewards Card Checking offers deposit of payroll or government benefit with a monthly fee of $4.95 and $7.95 per month without direct deposit, you’ll receive a checkbook and Mastercard® debit card with no overdraft fees or ATM fees! Free nationwide ATM access at over 55,000 Allpoint®.

Bank Sweeps

Banks will sometimes conduct ChexSystems Sweeps on existing customers and close accounts without warning even if your account is in good standing. It can take up to 30 days to get your money out of a frozen account. Never have all your money in one bank. Because Capital One 360 Checking Account does not use ChexSystems, it can serve as a back-up account if you have unpaid items in ChexSystems. With current negatives in ChexSystems, keep a non-ChexSystems account as a backup. If you have direct deposit you may want to split it. That way if your primary account is frozen or closed you still have access to a portion of your paycheck.

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 or credit card, most online accounts can be funded with a prepaid debit card with the Visa® or MasterCard® logo. Or, use PayPal® to add money to your bank account. It’s fairly simple and with PayPal® your account can be funded in 2-3 days.

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.

Chexsystems is a consumer reporting agency which means inaccurate information can be disputed if you are unable to find a No-ChexSystems bank.



Comments

  1. Jennifer benner says:

    I had a chase account for a good three months last year. They did a sweep and closed my account with no warning. This all happened the day I was going on a cruise. I went to the bank and luckely I had a nice guy that new from talking to me the week before I was going on vacation . he was able to give me all my money. I was very lucky I didn’t have to wait.

    • Yes, “Bank Sweeps” are the worst. The backend of a bank’s security department can conduct “Bank Sweeps” several months after an account, in good standing, has been open. You were very lucky to be able to get your money so quickly. That’s why any consumer with a bank account and with items on ChexSystems should have a back-up bank account that does not use ChexSystems like Capital One Checking.

  2. hello I cant even open a checking account because I have bad credit history my credit reports is low at 500 since I keep trying to open a account but always get reject , is there anyway to open account with nochexstsyem since I keep trying but nothing work on my way.

  3. i just had one quick question. I have one listing on chexsystem/early warning services but i recently took care of the debt with the bank so i no longer owe them. I was able to open a second chance account with my local credit union(thank god) but i ultimately want to bank with usaa. I will be active millitary soon so i will qualify with for the account in that sense but i wanted to know if usaa will accept the application because my listing in chex was fraudulent.

    • USAA does not use ChexSystems however they do use Early Warning Services (EWS). I cannot say for sure USAA will ignore the EWS record even though it is paid. But you may have a better chance with USAA if you apply for one of their insurance products. USAA seems to cut slack to full members who are active military and have one of their insurance products. The insurance product could be something as inexpensive as renter’s insurance or personal property insurance (jewelry, cameras, etc.). This type of insurance can be as little as $10.00 a month. You can qualify for an insurance product then once you’re in, apply for a checking or savings account.

      • Do you know how long dings stay in the EWS and the other systems like that? I know Chexsystems is 5 years but there are many others out there. Not sure where to find that information since it isn’t all online on their sites.

        • EWS records remain for 7 years. The Fair Credit Reporting Act dictates how long negative records can report. It seems that ChexSystems decided they would only report for 5 years even though they have the legal authority to report longer under the Fair Credit Reporting Act Rules.

  4. Netbank which is part of BofI Federal Bank will approve you for a checking account. It’s an Internet Bank but you get checks and a Visa Debit card. CONS: Check deposits, other than direct deposit have to be scanned and uploaded, cash deposits have to be made by transfers or a MoneyPack.

    • CASSANDRA says:

      I LOVE NETBANK, JUST HATE THE NEW MONEYPAK RULES OF HAVING TO SHOW ID AND WAITING AN HOUR TO LOAD YOUR OWN MONEY!

      • I appreciate your comments but this page is dedicated to getting consumers back in the traditional banking system, not prepaid debit accounts. While Netbank offers an alternative to prepaid cards it is not a traditional bank where you can grow your money, get access to loan products, credit card products, insurance and investment products. Traditional banks do not require loading cash onto “Moneypacks” and waiting for that money to be available. Netbank is back after being shut down in 2007 by the government. It was the largest thrift to fail since the savings and loan crisis back in the day.

        If you are unbanked your goal should be getting 2 or 3 accounts at banks offering “free checking” along with other free services. Those banks should offer a wide array of financial products giving you options when you want to get mortgage loans, home equity lines, personal loans or lines of credit, auto loans, credit cards and investment or retirement products. Netbank currently has a fee schedule similar to prepaid cards which is not published on their website. Customers should be prepared for fees like:

        NetBank charges:

        • $8.95 monthly maintenance fee or $6.95 if you use direct deposit
        • $1 to use an ATM
        • $5 per month for using their Bill Pay service
        • $5 per payment through Popmoney (for sending money to others)
        • $15.95 to close the account

  5. G. Morrison says:

    I opened an account with TD Ameritrade. Where does it give the option to open a cash management account? Can you make deposits to this account at a regular TD Bank?

  6. Will Chase allow you to open a 2nd Chance Checking account if you are still on Chexsystems? What if you shows you owe money to the account on chexsystems?

    • Chase will typically open a second chance checking even if you have unpaid ChexSystems entries as long as they do not indicate fraud and are not recent. They will “soft pull” your credit reports but it will not impact your credit scores.

  7. Thank you!!! I have horrible credit, and a Chex Systems listing from 2012. I tried many different banks that would not accept me. I called SunTrust and was able to open a checking account!!! I have been using prepaid cards and didn’t even think this was possible, especially not at one of the banks you see everywhere!!

    • Congratulations on your new account. Prepaid cards serve a purpose but are nothing like a real checking account.

    • Sorry. I have to update this. The next day, I went to SunTrust and they told me that my account had been closed. I was assured that I was approved initially, then they did a background check, saw the ChexSystems do not open account on my file, and dropped me. I don’t know what to do now. This seems hopeless.

      • Wow, that’s not good. Have you tried a different bank on the list. Perhaps there is a US Bank in your area operating out of a grocery store. Some people have had great success with US Bank that are in grocery stores. Don’t give up. If you can’t find a traditional bank consider using a Cash Management Account from TD Ameritrade until your ChexSystems record is removed. ChexSystems records can only stay for 5 years. Scottrade Bank is another option but it is an online bank only.

  8. Sunbank is also a second chance bank. I have had an account with Sunbank for a couple of years and never had an issue with them. I think they used the credit report for verification only – not to deny.

  9. What is incredible is that banks deny customer’s the opportunity for a real bank account but they can engage in all manner of illegal and devastating activities with little to fear but government penalties. Suntrust itself had to pay $1 billions last year for defrauding fannie mae and freddie mac but the people that made those decisions go free. If you or I did that we would be in jail the rest of our lives with Bernie Madoff! And don’t even get me started about the billions and billions (trillions?) they destroyed of people’s assets with the sub prime implosion of 2007-2008.

  10. Bank of the West offers a second chance checking but the fee is 12 per mth

    • Thanks Scott for sharing this information for other readers. I don’t like it either when banks charge monthly fees but that’s not too bad for a second chance account.

  11. i am the victim of identity theft and thats why i am on chexsystems it is impossable to open a bank account anywhere im so depressed

    • If negative information on your ChexSystems report is due to identity theft it is important that you take the necessary steps in order to address the identity theft. That means filing an Identity Theft Affidavit and file a police report. To create an Identity Theft Affidavit, you’ll need to submit a formal complaint detailing the theft to the Federal Trade Commission. Access the FTC Theft Affidavit online here.

      Once you have a copy of the FTC’s Identity Theft Affidavit take it with you to file a police report. Filing a police report may seem burdensome but it may help you down the line to get any fraud accounts removed from ChexSystems. With the Identity Theft Affidavit and police report you should be able to dispute the negative account with the financial institution that placed you on ChexSystems and dispute the ChexSystems negative item here to get it deleted.

      If you want to open an account before you get the negative item removed from ChexSystems go over the list above, one of the above banks may open an account for you.

  12. 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?

    • 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.

  13. Carolyn says:

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

    • Lisa Phillips says:

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

  14. 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?

  15. 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.

  16. 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.

  17. 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.

  18. 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!

  19. 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.

  20. Jennifer says:

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

  21. Thank you for sharing this information for other readers.