Why Choose an Online Bank.
First – these banks DO NOT use ChexSystems! Plus, online banking is gaining in popularity — It is convenient, hassle-free and safe. Not having a bank account is costly. You need a place to deposit or cash checks, pay bills and save money. In addition, most banks offer financial products that prepaid debit accounts do not, like mortgage or auto loans, lines of credit, credit cards and investment products. Open an online checking or savings account that does not use ChexSystems.
BBVA Compass uses EWS. They do not run ChexSystems. If you are not eligible for the ClearConnect Checking account you will be offered the Second Chance account called Easy Checking but it comes with a $13.95 monthly fee. Easy Checking is the account offered when you need to get your finances on track. DO NOT apply for this account if you have an EWS record, it may be closed a few weeks later. The Easy Checking Account comes with free online and mobile banking, bill pay and a Visa debit card. There is a $25 minimum deposit required to open the account.
- Mobile Check Deposits
- Direct Deposit
- Free Bill Pay
- Visa® Debit Card
- Free BBVA Compass ATMs
ANYONE can open this account! BBVA Compass ClearChoice Money Market Account is a No-ChexSystems bank account. 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. A money market account is like your basic savings account but typically pays higher APY (annual percentage yield) for larger deposits than a regular savings accounts. The more you deposit, the more you earn. The higher your balances, the greater your interest-earning possibilities.
- $25 minimum opening deposit
- Mobile Deposits
- Free Bill Pay
- ree BBVA Compass ATMs
- Earn tiered interest rates to grow your money faster
- Account can be funded by credit card, electronic transfer or check
An online checking account may actually help consumers with a ChexSystems record as online management tools allow customers to see the full account details at any time. With instant alerts and updates it is easier to keep up with transactions and avoid mishaps that may land consumers in ChexSystems.