If you are in ChexSystems or EWS open a new account at a Colorado No-ChexSystems bank. Consumers can get back on track even if you have a ChexSystems record by opening a No-Chexsystems bank account in Colorado or a Second Chance Bank account.
Even though Colorado fares better than the national average of unbanked or underbanked households in America there are still too many consumers in Colorado that do not have access to banks. Over 500,000 households in Colorado either are unbanked or underbanked according to a federal government report.
Get back into banking. A negative ChexSystems record can remain 5 years unless you successfully dispute ChexSystems to get it deleted. For consumers with an EWS record, it can last for 7 years unless you’re able to successfully dispute EWS.
Small Banks and Credit Unions in Colorado may have second chance checking accounts or may be a Colorado Non-Chexsystems Bank. More choices also exist at larger nationwide No-ChexSystems Banks and 2nd Chance Checking Accounts that will give you an opportunity to get back into banking.
Colorado Online Checking Accounts for Bad Credit
BBVA Compass offers an online checking account that uses Early Warning Services to verify new account holders. It’s a fee-free account that makes it easy to manage your money on the go. You can access your account for free through a computer or smartphone. Another great perk with this second chance bank account is that you not only get to access BBVA Compass ATMs for free, you also get free access to the AllPoint ATM network, which includes more than 55,000 ATMs nationwide. Bank branches and ATM locations are located throughout Colorado to serve you.
What else can you expect from this checking account?
- Apply with only $25 opening deposit
- No monthly Service Charge
- Complimentary Online Banking and Mobile Banking, Bill Pay and Online Statements
- No ATM withdrawal fees at any BBVA Compass or Allpoint® ATM
- Compass Bank, Member FDIC
There are great features with the ClearChoice Money Market Account like mobile check deposits, direct deposit, bill payment and ATM banking at BBVA Compass ATMs. The account requires a deposit of $25 to open. A money market account is like your basic savings account except with higher earning rates. That means you grow your money faster. The higher your balances, the greater your interest-earning possibilities. Open today.
Colorado Second Chance Checking Accounts and Colorado Non ChexSystems Banks
(Note: This list is not exhaustive and in no way represents all banks that do not use ChexSystems. You may have to visit the bank in-person to open an account.)
This bank does use chexsystems but is very lenient and offers second chance checking for a monthly fee.
ChexSystems is used to screen accounts but for customers with direct deposit will be allowed to open an account if the records is less than $200 and at least 6 months old. For those of you without direct deposit they require the ChexSystems record not indicate fraud and it must be paid.
Bank of the West does run a ChexSystems report but they have a second chance banking program called “Fresh Start.” Your Chexsystem listing must be older than one year and it cannot be for fraud. Basic checking has a $10 monthly fee but it is waived when you: Maintain an average monthly balance of $1000; Receive a direct deposit of $250; or Use your Bank of the West Debit Card for 10 or more purchases during each statement cycle.
They offer Opportunity Checking designed to give you a fresh start from past financial challenges. The monthly fee is $9.95 with direct deposit and $14.95 without direct deposit.
They offer several checking account products, some of which earn interest. While they do not pull a ChexSystems report, they do pull a credit report if you apply for a debit card to go along with your checking account.
If you’ve had financial problems in the past Liberty Savings Bank offers a Clean Slate Checking account. After 12 consecutive months of no NSF occurrences you can upgrade to a Liberty checking account of your choice.
They offer a Second Chance Checking Account but you’ll have to request it.
They offer a Second Chance Checking Account.
NuVista Federal Credit Union offers the Last Chance Checking account. This checking account gives you the chance to build a banking relationship and then have the chance to move on to a no monthly fee checking account down the road. A $100.00 opening deposit is required and the monthly service fee is $10.
They offer a second chance account called Right Start Checking. Open with a $25 deposit and no minimum balance requirement. Pay no monthly or per-check fees and enjoy Overdraft Protection up to $250.
They do use Chexsystems but if the report does not show fraud and the reporting bank is paid, they will open the account, There should only be one reporting bank for best results.
You may want to review a List of Second Chance Checking Accounts and Non-ChexSystems Banks in other States.