15 Best Banks That Don’t Use ChexSystems (2021 Reviews)

Written By: Jason Andrews

Updated & Verified: May 2021

If you've made financial mistakes with your bank account in the past from overdrafts or an unpaid negative balance (for example), and have an unfavorable ChexSystems report because of it, it can be challenging to find a new bank willing to work with you.

Thankfully, there are really good banks to join that don't use ChexSystems to check your banking history.

(Scroll down for more info about BBVA)

no check system banks

Did you know, 80% of all U.S. banks use ChexSystems to review your banking history when signing up for a new account? (1)

If you want a checking account to get back on course, here are 15 of the best non-chexSystems banks to consider.

The 15 Best Banks That Don't Use ChexSystems

BBVA Best ChexSystems Bank

4.9 rating, 277 Reviews

Known For: Being budget-friendly and versatile.

BBB Rating: A-

In Business Since: 1964

BBVA is our #1 recommended non-ChexSystem bank.

BBVA receives high marks for its online checking account. They offer a cash back rewards program for debit card purchases through BBVA's Simple Cash Back program.

There is no regular monthly service fee, and you don't have to keep a minimum balance to keep your account in good standing. However, you need to keep a close eye on your balance. If you overdraft your account, you will be charged a $38 overdraft fee.

Read our full BBVA Compass Bank review. If you are considering joining or have already joined, check out our BBVA Compass Bank: 11 Quick Answers for additional insight into common questions that people have.

Pros:

  • No regular monthly service fees
  • You don't have to keep a minimum balance
  • Free bill pay, mobile deposits, Visa debit card, and endless check writing
  • Cashback reward program

Cons:

  • The $38 overdraft fee is expensive

Chime Bank best non-chexsystems bank

4.6 Overall Rating, 1026 Reviews

Known For: A great online bank option with which you can get direct deposits early.

BBB Rating: A+

In Business Since: 2013

Chime is an online-only bank, which is ideal for individuals who like the benefit of banking with their cell phones. There is no credit check to obtain a bank account, and Chime doesn't use ChexSystems.

The app doesn't charge regular monthly maintenance fees, and account owners can utilize ATMs free of charge at more than 38,000 places and opening a bank account is free.

Chime offers a program that speeds up your direct deposits, making them readily available approximately two days early. Once you establish direct deposit into your checking account, you're eligible and can choose to receive your payment up to 2 days early, as quickly as your company deposits it.

Pros:

  • Opening a checking account is free
  • Over 38,000 ATMs for use free of charge
  • No minimum deposit required to open a checking account
  • Can get access to your direct deposits early
  • Free debit card

Cons:

  • Can be difficult if you want to deposit cash as you can only do so at Green Dot locations

4.6 Rating, 1505 Reviews

Known For: Another very popular online bank.

BBB Rating: A

In Business Since: 2011

SoFi is our #3 recommended bank that does not use ChexSystems

SoFi is another online bank that provides a checking account with no ChexSystems. While there are no physical branch sites, checking account holders can go to a network of over 55,000 ATMs nationwide free of charge.

Like lots of other online banks, SoFi's checking account features no charges. If you overdraft your account, SoFi cancels the payment without charging you.

You can make a 0.20% annual percentage yield with repeating deposits of $500 or more per month (variable and subject to change) into your bank account and even if you don't satisfy that requirement, you still make 0.01%.

One thing that SoFi differs from its online bank adversaries is physical checks. With SoFi, you can get physical checks for free if you want them.

Pros:

  • Over 55,000 ATM locations nationwide can be used free of charge
  • Checking account is free
  • No overdraft fees
  • Earn interest with your account
  • Free debit card

Cons:

  • Depositing cash into your account is difficult

#4. Navy Federal Credit Union

3.7 Rating, 625 Reviews

Known For: The largest credit union in the Country specifically for members of our military

BBB Rating: A+

In Business Since: 1933

Navy Federal Credit Union serves more than 8 million members, making it the biggest credit union in the country and is #4 on our list of banks that do not use ChexSystems.

To join Navy Federal Credit Union, you need to be active-duty or reserve military, a military veteran, a Department of Defense employee or specialist, or a member of the family of somebody who satisfies membership criteria.

Members get free checking with no regular monthly fees; however, the overdraft charge is $29. There are no overdraft charges if you link your Navy Federal savings account to your checking and have sufficient funds in savings to pay for any withdrawals.

Navy Federal has five checking accounts readily available presently. Each varies somewhat, which implies the credit union has an account for practically every requirement. All of the checking accounts presently make a 0.05% yearly portion yield (APY) other than Flagship checking, which earns between 0.35% and 0.45% APY.

Navy Federal has about 350 physical branch locations, and members can take advantage of over 30,000 ATMs without paying a fee.

Pros:

  • Largest union in the Country for members of the military
  • Checking account is free of charge with no monthly fees
  • Overdrafts cost $29 but if you have a savings account can be free of charge
  • Has around 350 branch locations and over 30,000 ATMs without paying a fee
  • Free debit card

Cons:

  • Relatively small number of branches can make it difficult to do your banking in person
  • Strict membership requirements means not everyone qualifies

#5. First American Bank

3.7 Rating, 473 Reviews

Known For: Bank with locations in Illinois, Wisconsin, and Florida

BBB Rating: A+

In Business Since: 1974

First American Bank is a traditional bank with physical branches in Illinois, Wisconsin, and Florida and is our #5 bank that does not use ChexSystems. It, in addition, features online banking to consumers in all 50 states.

The Fresh Start checking account requires a $50 deposit to open, and account holders will need to pay a $9.95 monthly charge. However, there is no minimum balance needed, digital statements are free, and account holders get unrestricted check writing.

Pros:

  • Physical branches in Illinois, Wisconsin and Florida
  • Online banking
  • No minimum balance required
  • Free debit card

Cons:

  • Small number of physical locations if you prefer banking in person
  • $9.95 monthly charge

#6. SunTrust Bank

3.6 Rating, 404 Reviews

Known For: Essential checking account

BBB Rating: A+

In Business Since: 1891

SunTrust Bank provides an essential checking account that doesn't use ChexSystems, so it's perfectly suitable for individuals with a rough banking past and is our #6 bank that does not use ChexSystems.

There is a $100 minimum deposit to get going and a monthly $7 maintenance service charge.

However, there are a couple of methods to get the month-to-month maintenance cost waived, consisting of maintaining a daily accumulated balance of $500 or more, having direct deposits totaling at least $500 every month, or starting a minimum of 10 transactions every month. You can also get the monthly fee waived if you open your account as a college student.

Pros:

  • Their essential checking account is great for people with a rough credit history
  • Widespread branch and ATM access - especially in the southeast
  • Ability to get fees waived

Cons:

  • $100 minimum deposit to get going and $7 maintenance fee
  • Doesn't earn interest

#7. Peoples Cash Solutions

3.4 Rating, 204 Reviews

Known For: Second chance checking account

BBB Rating: A+

In business Since: 1991

Peoples Cash Solutions provides free online banking, together with totally free paper checks with its Second Chance Checking Accounts.

There is a minimum $30 deposit needed to open the checking account, in addition to a $4.95 regular monthly charge.

On the downside, Peoples Cash Solutions doesn't provide a mobile app. However, you can see your account online and make payments over the internet without a fee.

Pros:

  • Free Mastercard debit card
  • Free monthly paper statements
  • Free paper checks

Cons:

  • $4.95 monthly fee
  • No mobile app

#8. Renasant Bank

3.2 Rating, 328 Reviews

Known For: Online banking and bill pay

BBB Rating: A-

In Business Since: 1904

Renasant Bank does not use ChexSystems, EWS, or Telecheck, so it's worth looking into if you're stressed over an unfavorable banking history stopping you from opening up a checking account.

They have more than 180 full-service community branches throughout its home state, Alabama, Georgia, Florida and Tennessee.

Renasant offers both online banking and online bill pay. Account-holders also get a Mastercard debit card connected to their account, in addition to endless check writing.

To open an account, you must deposit at least $50. There is also an $8 regular monthly maintenance fee unless you sign up for eStatements or keep an everyday balance of at least $500.

Pros:

  • Over 180 branches mostly in the southeast
  • Free Mastercard debit card
  • Online banking and bill pay
  • High-interest rates when you meet certain requirements

Cons:

  • $8 monthly maintenance fee if you don't meet certain requirements

#9. TD Bank

3.2 Rating, 328 Reviews

Known For: Large network of banks along the east coast

BBB Rating: N/A

In Business Since: 1855

TD Bank uses several kinds of checking accounts. However, its Simple Checking Account is most likely the best fit for individuals aiming to rebuild after making financial mistakes. The Simple Checking Account requires no minimum deposit and totally free online statements.

TD banks give its members access to nearly 1,300 branches and 1,900 ATMs mostly along the east coast.

Account-holders will need to pay a $5.99 regular monthly service fee. However, there is no minimum balance requirement to keep an account in good standing.

Account-holders likewise receive a 0.25% discount rate on individual loans and house equity loans.

Pros:

  • Simple Checking Account is great for people trying to rebuild
  • Large network of banks along the east coast
  • No minimum deposit
  • No minimum balance requirement

Cons:

  • $5.99 monthly fee

#10. First Convenience Bank

3.1 Rating, 208 Reviews

Known For: Online banking and bill pay

BBB Rating: A+

In Business Since: 1901

First Convenience Bank is a department of First National Bank Texas. First Convenience Bank doesn't use ChexSystems for any of its five bank account offerings: Power Checking account, Checking account with Interest, President Select High Yield Checking account, eAccount, or Power Stash.

According to First Convenience, its Power Checking Account is their most well-known. Account-holders need to deposit $20 to open an account online. However, there is no minimum deposit needed if you open an account personally at a branch area.

There is a $12 regular monthly maintenance fee for the Power Checking account, but the charge is waived for account holders age 55 and older. The bank will also waive the maintenance charge if you keep a minimum everyday balance of $100, utilize your debit card at least eight times per month, or established a minimum of $100 in regular monthly direct deposits.

Pros:

  • Five bank account offerings
  • Monthly maintenance fee waived for account holders 55 and older

Cons:

  • $12 monthly maintenance fee

#11. TCF Bank

3.1 rating, 331 Reviews

BBB Rating: C-

In Business Since: 1923

TCF Bank is our #11 recommended bank that doesn't use ChexSystems

TCF Bank has banks mostly in the upper mid-west including Illinois, Michigan, Minnesota, South Dakota, and Wisconsin. In addition, they have locations in Arizona and Colorado. TCF bank is not one of the ChexSystems banks and doesn't use ChexSystems with any of its 4 different bank account options - TCF free checking, TCF premier checking, TCF base account, and TCF teen checking.

Pros:

  • Their free checking account requires no monthly fees and only $25 to open

Cons:

  • Has expensive fees including a $37 overdraft fee

#12. Fort Sill National Bank

3.0 rating, 271 Reviews

BBB Rating: D

In Business Since: 1946

Fort Sill National Bank is our #12 recommended non-ChexSystems banks

Fort Sill National Bank (now known as FSNB) offers second chance checking accounts and savings accounts with no credit check and they do not use ChexSystems to verify your banking history.

Pros:

  • It costs only $5 to open a checking account
  • Free debit card

Cons:

  • $6 monthly fee unless you keep your balance above $75

#13. Southwest Financial Federal Credit Union

3.0 rating, 201 Reviews

BBB Rating: C

In Business Since: 1962

Southwest Financial Federal Credit Union is our #13 recommended bank that doesn't use ChexSystems

Southwest Financial Federal Credit Union was originally founded to serve employees of Kroger grocery stores and offers bank accounts that do not use ChexSystems to verify banking history. Southwest Financial Federal Credit Union has offered their membership to other select employee groups for many years. Their banks and credit unions do not publish a list of which groups are qualified to participate in their service, however, so you might have to talk to your employer to see if membership is offered to you.

Pros:

  • Has an app which allows you to deposit checks with your smartphone
  • Debit card
  • No monthly fee

Cons:

  • Only people who work at qualifying companies can sign up

#14. US Bank

3.0 rating, 1,201 Reviews

BBB Rating: A+

In Business Since: 1968

US Bank is our #13 recommended bank that doesn't use ChexSystems

US Bank is an appropriate option for customers who can satisfy its reasonably high fee waiver requirements, but many people will want to open a new bank account elsewhere if they have the chance. Although it uses some strong alternatives for students and senior citizens, US Bank's fees for overdrafts and wire transfers run on the high side, while its rate of interest do not offer anything higher than savings account rates at cheaper banks.

Pros:

  • Over 3,000 branches
  • Free debit card

Cons:

  • $8.95 monthly fee unless you meet certain balance requirements
  • Expensive overdraft fees

#15. United Bank

3.0 rating, 521 Reviews

BBB Rating: A-

In Business Since: 1839

United Bank is our #15 recommended bank that doesn't use ChexSystems

United Bank serves numerous communities in the Southern United States, including West Virginia, where it was founded more than 100 years ago. Today, the bank provides a full suite of individual banking products, wealth management assistance, and services aimed at small businesses.

Pros:

  • Free checking account with no minimum balance
  • Free debit card

Cons:

  • Limited service area


What is ChexSystems?

ChexSystems is a consumer reporting agency similar to credit bureaus like Experian, Equifax, or TransUnion. Instead of checking your credit rating, however, ChexSystems conducts reports on your banking history. (2)

When you send an application to open a checking account, many banks need to know if they can trust you to manage your account properly. Instead of taking your word for it, they ask ChexSystems to gather any records of bounced checks, overdrafts, or other negative banking-related things in your past.

ChexSystems gets this info from the network of banks and credit unions that share information about consumers' banking histories. In turn, ChexSystems analyzes this info and uses it to create a risk rating for each consumer.

A large number of banks and credit unions use ChexSystems, so it can be hard to find a bank that doesn't rely on ChexSystems reports. Other banks use EWS, which reports past accounts flagged for things like scams, forgery, or check kiting. (3)

What Are the ChexSystems Scores?

ChexSystems assigns customers a threat rating ranging between 100 and 899. The lower your score, the higher danger you pose as a prospective banking consumer, and the less likely you'll qualify for a new bank account, so you would like as high of a rating as possible. (4)

Unlike a credit history, however, there is no conclusive range of scores for ranking good, bad, or in the middle. This is because ChexSystems doesn't publish its internal metrics for calculating threat ratings to the general public.

Non-ChexSystems vs. Second Chance Banking: What’s the Difference?

Sometimes, banks are willing to extend something of an olive branch to people who have an unfavorable banking history. These banks use "second chance" bank accounts that provide customers a chance to rehabilitate their banking record. (6)

2nd opportunity bank accounts are practically what they sound like: an opportunity to go back to square one in spite of past errors. Banks that offer these types of accounts may still use ChexSystems, but they're willing to overlook a bothersome risk score or a bad report.

On the drawback, second opportunity bank accounts tend to come with costs, such as monthly maintenance costs. They may likewise do not have a few of the benefits and functions you can anticipate with a basic checking account.

However, lots of banks that use second possibility inspecting accounts offer consumers the alternative of converting to a routine account after a duration of accountable banking habits.

Can You Dispute your ChexSystems Report?

If you believe an item on your ChexSystems report is inaccurate, you have a right to dispute it with both ChexSystems and the bank that reported it. Under the Fair Credit Reporting Act (FCRA), both the bank and ChexSystems are mandated to check into any conflicts and eliminate any unreliable items. If this is the case, you may want to contact ChexSystems as soon as possible. (7)

Conclusion

If you're currently in the ChexSystems database and have had difficulty getting a new checking account, we suggest you sign up with BBVA. Not only do they not use ChexSystems but they also offer some pretty nice benefits like not needing to keep a minimum balance and no monthly service fees.

References

1. Richie Bernardo, Senior Writer, Wallet Hub - https://wallethub.com/edu/cs/what-is-chexsystems/13131

2. Consumer Financial Protection Bureau - https://www.consumerfinance.gov/consumer-tools/credit-reports-and-scores/consumer-reporting-companies/companies-list/chex-systems/

3. Chi Chi Wu, Staff Attorney, National Consumer Law Center - https://www.nclc.org/images/pdf/pr-reports/Account-Screening-CRA-Agencies-BankingAccess101915.pdf

4. Spencer Tierney, Nerd Wallet - https://www.nerdwallet.com/article/banking/blacklisted-by-chexsystems-what-to-know

5. Walmart Help Center - https://www.walmart.com/help/article/check-cashing/72daf6b1f7224c00808b23e3d74dece1

6. Ben Luthi, Experian - https://www.experian.com/blogs/ask-experian/what-is-second-chance-banking

7. Ben Luthi, Experian - https://www.experian.com/blogs/ask-experian/how-to-clean-up-a-chexsystems-report/

Jason Andrews

About the Author

Jason is a journalist who specializes in covering credit repair, banking, and other areas of personal finance. As one of the nation's leading credit repair experts, he has helped countless people improve their credit scores and improve their lives financially. He lives in Omaha, Nebraska with his wife and two children.

Updated & Verified: May 2021

If you’ve recently received a random Chime card in the mail and you aren’t sure why or how, this article will help uncover important information for you to know including why you likely received the card and why it’s crucial for you to take action as soon as possible.

Failing to take action could result in someone fraudulently opening another Chime account in your name and in doing so, ruining your banking history and potentially costing you a lot of money (among other potential costly issues). 

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sent a random chime card

Were you sent a random Chime card in the mail? This is likely what it means...

Why You Probably Received a Random Chime Card in the Mail

Unfortunately, it’s likely the reason you randomly got a Chime card in the mail is because someone has committed fraud and has tried to open a Chime bank account using your name and information.

Chime is a legitimate online only bank that has millions of active members. Many people consider it the future of banking.

Thankfully this time anyway, the Chime card associated with this new account was sent to your mailing address and consequently you were notified - but I wouldn’t count on that happening again making it crucial for you to take action as soon as you can to keep your banking history and finances as safe as possible.

The first thing you should do is contact Chime support to notify them of the issue.

Contacting Chime Support (What’s the Best Way)

Getting a hold of someone at Chime bank over the phone is often nearly impossible.

This is because Chime is a virtual/online bank and doesn’t have any brick and mortar locations. 

While Chime is actually a really good bank, it has its drawbacks like any bank or service and the lack of in-person customer service at times like these is often one of the main drawbacks.

You can at least try calling Chime support if you want at 844-244-6363 - but be warned, the phone system is automated so you may or may not have luck with figuring out how to actually talk to someone there. (1)

Normally your best option for getting a hold of a Chime customer service representative is by emailing Chime support and letting them know of your issue and that you need to close the new account as soon as possible.

To email Chime support, send a message to support@chime.com.

Make sure you explain to them that you believe you were the victim of fraud and that you didn’t actually sign up for a new Chime account but it appears someone else did because you received a random Chime card in the mail.

In most cases, the next step will be to close the newly opened Chime account.

How to Close the Chime Account

Once you’ve talked to Chime support over the phone or by email, they will likely request that you provide them with the last 4 digits of your social security number and a picture of your photo ID to verify your identity with them so they can close the account. 

This may seem like a bit of an odd request and somewhat unsettling considering what you’re dealing with but go ahead and do it as ultimately it’s the only way to get the Chime account closed. 

How to Prevent this From Happening Again (Crucial!)

Once the Chime account has been closed, the Chime representative will normally flag the account as fraudulent.

If for some reason they don’t, make sure you ask Chime support to do this to help prevent someone from opening an account again by using your info.

In addition, it’s probably a good idea to add a fraud alert with all 3 of the major credit bureaus for the time being for added protection.

Adding Fraud Alerts

Adding a fraud alert is a preventative measure you should 100% take if someone has tried opening a Chime account without your knowledge and/or permission. 

You’d hate to find out the hard way that they’ve done other things with your information and caused you to incur huge amounts of debt because of it (among other potential issues).

By adding a free fraud alert on your accounts, it in essence adds a red flag telling potential creditors or lenders that you may have been the victim of fraud or identity theft and that they must take extra steps to ensure that you are the one actually requesting credit, funds, etc.

Think of it as an extra (yet temporary) layer of safety.

Adding a fraud alert on Equifax

To add a fraud alert on Equifax, go to the following website: https://www.equifax.com/personal/credit-report-services/credit-fraud-alerts/.

Then click on “place an alert” and fill out and submit your information on the following online form. (2)

Adding a fraud alert on TransUnion

To add a fraud alert on TransUnion, go to the following website: https://www.transunion.com/fraud-alerts.

Click on “add fraud alert” and then choose the right fraud alert for your situation (either 1 year or 7 years). (3)

For most people, choosing the 1 year option is what you need unless you have a valid identity theft report from law enforcement in which case you can choose the 7 year option.

On the following page you’ll need to “create an account” or login to your TransUnion account to add the fraud alert to your account.

Adding a fraud alert on Experian

To add a fraud alert on Experian, go to the following website: https://www.experian.com/fraud/center.html.

Click on “add a fraud alert”. Then select the length of time that you’d like to have the fraud alert on your account (either “temporary” 1 year or “extended” 7 years). (4)

In most cases, you’d choose the temporary 1 year option unless you have a copy of a valid identity theft report from law enforcement in which case you can add an extended 7 year fraud alert on your account if you choose to do so.

Then on the resulting screen you would just fill out the online form with the relevant info and then click submit.

In Closing

In most cases, if you get a random Chime card in the mail it’s often a bad sign that means someone has fraudulently used your info to try to open a new Chime bank account. 

If this is the case, you definitely need to take action to protect your banking history and finances. Failing to do so could be a costly mistake.

The first thing to do is contact Chime customer service and have the account opened with your information closed as soon as possible and have them mark the account as fraud.

As an added layer of protection, it is recommended that you add fraud alerts to the 3 main credit bureaus also as at this point you really don’t know what else this person has access to so it’s best to protect yourself.

References

1. Chime - https://help.chime.com/hc/en-us/articles/224860707-How-do-I-contact-Chime-

2. Equifax - https://www.equifax.com/personal/credit-report-services/credit-fraud-alerts/

3. TransUnion, https://www.transunion.com/fraud-alerts

4. Experian - https://www.experian.com/fraud/center.html

Updated & Verified: May 2021

If you're a Zelle user already or considering using Zelle for sending money to others, you've probably wondered about things like buyer protection or if you can use a credit card with the Zelle platform (which you can't).

Find quick answers to these important common Zelle related questions and more below!

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using Zelle

Want to know what you can and can't do with Zelle?

Zelle has an average of over 65,000 new users registering for the platform on a daily basis. 

Before you sign up for an account or if you are new to using Zelle, there are some important things for you to know.

Does Zelle have buyer protection?

Zelle does not offer its users any buyer protection or fraud protection services for authorized payments through the platform.

This means that if you buy something with Zelle, and the seller doesn’t send the item or the item is broken when you get it (for example), Zelle won't help you with getting your money back.

This is why it’s extremely important that you only send money to people that you know and trust when using Zelle (such as friends or family). (1)

Without any buyer protection, you are running the risk of being scammed and losing your money completely if you send money to someone you don't really know.

Does Zelle report to the IRS?

No - Zelle does not report to the IRS.

Because Zelle is a money transferring platform, it doesn't meet the definition of a Payment Settlement Entity and consequently Zelle doesn't have to submit a 1099-K with the IRS.

That being said, however, it is important that you report any and all income that you generate to the IRS whether you are being paid using Zelle, by check or any other means of payment. (2)

Failing to do so could result in you needing to pay backed taxes and fees to the IRS.

How can you block someone on Zelle?

Blocking someone from sending you payment requests in Zelle can be difficult. 

If you use Zelle through your banking app (like most people), you can try to delete the person from your Zelle from within your bank's app or on your bank's website - but this may or may not prevent that person from sending you payment requests.

If this still doesn't help, you can try to call your bank's customer support to ask them if they can block the person on their end since there currently isn't a simple way to do it yourself.

Otherwise your last option may be to disconnect and uninstall Zelle completely.  

Does Zelle work on weekends?

Yes - transferring money to or from someone using Zelle will work on weekends.

Money sent through Zelle is typically received within minutes no matter the time of day or day of the week it is including on holidays.

Does Zelle work with Green Dot?

At this time, Zelle does not work with Green Dot prepaid debit cards.

Unfortunately there is a lot of information online reporting that you can use Green Dot prepaid cards with Zelle, but that information is inaccurate.

Can you have multiple Zelle accounts?

The Zelle support site anyway says you can’t have multiple Zelle accounts.

However, if you have multiple bank accounts, you can in-fact have multiple Zelle accounts.

In order to have multiple Zelle accounts, you’d need to set up each account with a different email address or phone number.

To clarify, you can’t have multiple Zelle accounts for the same bank account.

Does Zelle accept prepaid cards?

For the most part, prepaid debit cards will not work for sending money using Zelle. (3)

However, you can use the Chase Liquid Card and the PNC Smart Access card with Zelle - but they are the exceptions to the rule really and you have to have an account with Chase or PNC to use them.

Otherwise if you try to use a prepaid debit card with Zelle, you’ll get an error message saying that the card you are trying to use is ineligible.

Can you use a credit card on Zelle?

You can not use a credit card with Zelle. (4)

Your Zelle account is tied to your bank account so you can only use a debit card that is tied to your bank account or your bank account itself to send money using Zelle.

Does Zelle accept American Express?

Zelle does not work with American Express.

You can only use the Visa or Mastercard debit card associated with the bank you have your Zelle account already associated with. 

Can a Zelle payment be reversed or can you charge back on Zelle?

Depends on the situation really.

If fraud is involved and can be proven, a Zelle payment could potentially be reversed. (5)

That being said, Zelle does not offer any buyer or seller protection and is intended to be used for sending money to people that you trust like friends and family so getting them to reverse a payment may prove difficult.

In some cases you may be able to cancel a payment you made with Zelle in essence reversing the payment.

This most frequently occurs when you Zelle someone and that person doesn’t currently have a Zelle account. 

That person has 14 days to set up a free Zelle account to claim the funds that you sent them.

During this 14 day window, you are able to cancel the payment if you choose to do so.

Can you dispute a Zelle payment?

If you think you were the victim of fraud or have an unauthorized transaction on your account, you can report it to Zelle by calling 1-844-428-8542 and in doing so, dispute the transaction.

However, Zelle does not provide buyer or seller protection services so they may or may not actually reverse the transaction depending on the situation.

That’s why it’s crucial to ensure you are only sending money to people you know and trust with Zelle.

Does Zelle work with PayPal?

Yes, Zelle does work with PayPal.

Download the Zelle app and install it. Then set up an account on Zelle like you normally would if you don’t have one already.

When it asks you what bank you want to use with your account, just start typing anything (it doesn’t matter what).

A button will show up that says “Don’t see your bank?”. Click on it.

It will take you to a screen where you can enter a debit card. Enter your PayPal debit card information and you should be all set.

Can Zelle send money to Netspend?

At this time, you can’t Zelle money to a NetSpend card. Your best option for sending money to a Netspend card is to use FlashPay.

What happens if you Zelle money to a closed account?

If you try to Zelle money to a closed account, in most cases the transaction simply won’t go through.

If for some reason it does go through and then you realize the account was closed, your best option is to contact Zelle to find out if there is anything you can do to retrieve the money.

They might recommend that you reopen the closed Zelle account (if you can) so you can retrieve the funds - but it just depends on your specific situation.

References

1. Zelle - https://www.zellepay.com/support/im-unsure-about-using-zelle-to-pay-for-goods-or-services-from-someone-i-dont-know

2. Internal Revenue Service - https://www.irs.gov/newsroom/heres-what-people-should-know-about-reporting-cash-payments

3. Quora, https://www.quora.com/Does-Zelle-accept-prepaid-cards

4. Zelle - https://www.zellepay.com/support/im-receiving-an-error-message-that-my-card-is-ineligible

5. Zelle - https://www.zellepay.com/support/can-i-cancel-a-payment

Updated & Verified: May 2021

Zelle is a very popular peer-to-peer (P2P) payment platform that makes it effortless to send and receive money to and from friends, family and pretty much anyone else with access to the platform.

But have you ever wondered how Zelle makes money - and maybe more importantly, what's the catch with using it?

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how does zelle make money

Have you ever wondered how Zelle makes money?

In 2020, Zelle users sent an astonishing $307 billion in 1.2 billion transactions through the platform. A volume increase of 58% over 2019. (1)

Clearly Zelle is a huge player in the P2P app space and it's user base is quickly growing.

But how much does it cost to use or what are the fees? It might actually surprise you.

How Zelle Makes Money (Answered & Explained!)

Since Zelle is not a fee based platform, it doesn't actually generate revenue - at least not directly.

Instead, Zelle was developed to save banks money since other peer to peer platforms like PayPal and Venmo actually cost banks money with transaction fees.

With Zelle, banks don't pay these transaction fees. However, at some point in the near future, Zelle may generate revenue with in-app affiliate related offers but currently that is not the case.

Additionally, banks save money by catering toward what will ultimately be a cashless society in which banks don't need to pay to maintain ATMs or fully staff bank branches with many transactions becoming automated.

Is There a Fee to Use Zelle? (And How Much)

There is no fee to use Zelle. You don't pay anything to send or receive money when using Zelle.

It is recommended, however, that you check with your bank or credit union to ensure you don't pay any additional fees that aren't directly related to Zelle but that your bank might still have (like a transaction fee for sending money for example). (2)

What's the Catch with Using Zelle? (Important!)

As the saying goes - if it seems too good to be true, it probably is. But is it too good to be true with Zelle?

In this case, however, using Zelle is really an exception to the rule as there is really no catch for using it to send or receive money to and from others since ultimately there are no fees (unless your bank charges you a fee, but that's pretty uncommon).

The most important thing to know, is that your bank has to be enrolled in Zelle to be able to send money to others (the people you send money to won't have to have a bank that's enrolled in Zelle - but they do need to have a bank account in the United States) and for people to send you money with Zelle, their bank has to be enrolled in using Zelle (your bank account doesn't need to be enrolled, however). (3)

In Closing

Using Zelle to send or receive money is a fast, easy, and secure way of doing it. It's even better though because it's 100% free with no hidden costs or fees unlike some of the other options out there.

As long as your bank has enrolled in Zelle, you should have no problem sending money to others who have banks in the United States.

References

1. Zelle Press Release - https://www.zellepay.com/press-releases/zeller-closes-2020-record-307-billion-sent-12-billion-transactions

2. Zelle Frequently Asked Questions - https://www.zellepay.com/support/are-there-any-fees-to-send-money-using-zelle

3. Zelle Frequently Asked Questions - https://www.zellepay.com/support/who-can-i-send-money-to-with-zelle

Updated & Verified: May 2021

If you don't have a bank account (or don't want to use one) but want to use Cash App, you may be wondering how and where to go in order to do this.

Not surprisingly, there is a lot of misinformation and confusion online about if and how. 

Worse yet, doing this the wrong way could actually cost you money - potentially a lot of money.

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how to add money to your cash app debit card

Try to add money to your Cash App debit card?

Currently Cash App has right around 30 million active monthly users. (1)

With such a huge user base, it's not surprising that some people would like to use Cash App without needing a bank.

Where Can I Load my Cash App Card (Answered)?

Several places online are incorrectly reporting that you can go to a local store and add money to your Cash App account by having a cashier process the transaction and add the funds to your Cash App debit card (aka "Cash App cash card").

Unfortunately, this isn't accurate though and trying to do so would be a waste of time and effort.

The only way to really add physical cash to your Cash App account at a store is by purchasing a Green Dot MoneyPak card and using cash to load money onto that card and then linking that card to your Cash App account.

To clarify, it has to be a Green Dot MoneyPak card specifically. Pretty much all other options pre-paid debit card options simply don't work with Cash App.

So despite what you maybe read online, you can't just go to a local store and add cash to your Cash App account or debit card - at least not by doing what they are suggesting.

Let's take a look at exactly what you need to do.

How to Add Physical Cash to Cash App in Store (3 Simple Steps)

As we have already established, you can't directly load or add physical cash to a Cash App account or debit card at a store without using a Green Dot MoneyPak card.

This is the step-by-step process in how you can properly set things up so you can add cash in-store to your Cash App account.

1) Find a store that sells Green Dot MoneyPak Cards

As we've already established above, the only way to currently do this is to use a Green Dot MoneyPak card.

With over 70,000 retailers nationwide that carry Green Dot MoneyPak cards (including Walmart, CVS, Walgreens, 7-Eleven, Dollar General and many others), finding a store that has them should be pretty easy for you in most cases. (2)

2) Take Your cash and Load it onto Your Green Dot MoneyPak Card

This process really couldn't be much easier.

All you need to do is load your cash onto your Green Dot MoneyPak card.

A cashier at the store your at should be able to complete this process for your. You can load between $20 and $500.

Keep in mind, adding funds to your Green Dot MoneyPak card isn't free and will cost you a flat fee of $5.95.

3) Use Your Green Dot MoneyPak Card with Cash App

Once the money has been loaded onto your Green Dot MoneyPak card, you'll have to go through the process of setting up a free account with Green Dot.

Setting up an account should only be a one time requirement though so adding cash to your Cash App account in the future should be much faster.

Then you'd use the code that you scratch off on the back of your MoneyPak card to access the money.

Once the money is available on your Green Dot MoneyPak card, you should be all set with using it with Cash App.

Adding Cash to Your Cash App In Store Without a Bank Account (Common Questions)

How much does it cost to load my Cash App debit card in store?

Currently there is no way to directly load money onto your Cash App debit card in store. If you use the Green Dot MoneyPak work-around like recommended above, the cost to add funds to it is a flat $5.95 each time you do it.

Can I load my Cash App card at an ATM?

Currently, you can not use an ATM to load cash onto your Cash App debit card. (3)

Where can I load my Cash App card for free?

Currently, there is no way you can physically add cash to your Cash App debit card for free in store.

The only way to do it potentially without a charge is if you have a friend that you trust that has a Cash App account that you can give them the funds and have them send it to your Cash App account and in doing so, indirectly depositing that money into your Cash App account.

How to load your Cash App card with cash

You can load your Cash App card with cash at any one of the locations discussed in this article.

It's always recommended to call ahead though to ensure your local store can do this and that someone there knows how.

How to load money on your Cash App card without a bank account

By going to one of the stores listed in this article, you can add money to your Cash App card without using or having a bank account by using Green Dot MoneyPak.

Alternatively, if you know someone you trust who also uses Cash App, you could give them the money you want to load and have them send the money to your Cash App account using their Cash App account.

What if you have problems loading money on to your Cash App debit card?

If you are having problems loading money on to your Cash App debit card, it really depends on what specific issue you are having as far as what you can do about it.

If for whatever reason the location you went to doesn't have someone who knows how to process this type of transaction, your only option may be to go to a different location. It is recommended that you call ahead first though.

If you are getting an error of some kind when trying to add money to your Cash App debit card, the first step will be to reach out to Cash App customer support to see if they can help you with addressing the problem. (4)

Final Thoughts

If you want to use physical cash to reload you Cash App debit card without a bank account, it can be a challenge and your options are limited.

The best way is to use a Green Dot MoneyPak card to accomplish this but it's unclear how long this method will continue to work.

It's instead much easier to just use a bank account with Cash App. If you have a Chime account, check out our guide showing how to use Chime with Cash App.

References

1. David Curry, Business of Apps - https://www.businessofapps.com/data/cash-app-statistics

2. Green Dot MoneyPak Locations - https://www.attheregister.com/locations?services=6&showfilters=MoneyPakLocatorButton

3. Cash App Support - https://cash.app/help/us/en-us/3087-cash-card-atm-fees

4. Cash App Support - https://cash.app/support?category=SOMETHING_ELSE#category-detail/SOMETHING_ELSE

Updated & Verified: May 2021

Are you considering joining BBVA Compass Bank or maybe you're already a member and have questions about the deposit services they offer and/or how they work?

Join us as we help you answer 9 questions concerning BBVA Compass Bank's deposits. Some may surprise you!

For additional information about BBVA Compass Bank and their service, check out our full BBVA Compass Bank review.

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bbva questions

These are some common BBVA Compass Bank questions that you may have before or shortly after joining

Does BBVA direct deposit early? 

BBVA’s Direct Deposit allows its customers to have a convenient and speedy method of depositing paychecks without having to travel to a bank branch. While BBVA processes your direct deposits nearly instantly, you will not be able to access your funds early and the length of time it takes to access them ultimately depends on how quickly your employer and their bank processes things.

What time does BBVA direct deposit hit? 

Your employer specifies the due date of direct deposits, but deposits generally occur within the same business day or on the next business day for non-bank dates. Direct deposits are usually booked immediately, and the deposits are typically made into your account between 2 am – 6 am. (1)

Does BBVA accept third party checks? 

Your ability to deposit or cash third party check really depends on a few things, including the amount of the third party check. If the check value is relatively small, then getting this check cashed probably won't be a big problem for you. If the check is a larger amount, than you may have some difficulty getting a third party check cashed. Regardless, BBVA will probably require your photo ID and in some cases, may decide to not cash the check no matter what. (2)

Does BBVA direct deposit on Saturday?

No, BBVA does not direct deposit on Saturdays. They only process direct deposits on business days so you will need to wait until the following Monday for your direct deposit to be accessible. (3)

Can I see pending deposits on BBVA? 

Yes, you can view all pending and posted transactions in your BBVA account even if the funds are unavailable including pending deposits. Details can be viewed through the “View Transaction Activity” option under the Payments and Transfers section. Any financial transaction applied to the available BBVA Online Banking account balance but has not cleared would be classified as a pending transaction.

How long does BBVA take to clear a check? 

It typically takes up to five business days for BBVA to clear checks and make your funds available. However, checks may remain on hold for numerous reasons, depending on influencing factors. These details can be viewed within "Funds Availability Disclosure" within the deposit account agreement.

Does BBVA have a direct deposit limit? 

There is no specified limit, but Direct Deposits under $5,525 fall within BBVA’s general processing policies. Direct deposits can be set up by downloading and filling out the Payroll Direct Deposit Form. The employer or Human Resources Department should handle setting up the direct deposits to the specified account. 

Direct Deposit enrollment can also be set up by contacting the SSI (Social Security and Supplemental Security Income), Civil Service Retirement, or Veteran’s Compensation and Pension. After these bodies have been consulted, Standard Form 1199a should be completed and brought to a BBVA branch for completion.

Does BBVA accept money orders?

Yes, BBVA can accept most money orders provided that they are appropriately written and are endorsed. However, BBVA may not accept deposits involving checks written from personal accounts, cash advance checks from credit card issuers, most loan checks, traveler's checks, eChecks that have been printed, checks that are not made in USD, U.S. savings bonds, and checks written to another individual or business.

Can you mobile deposit a money order with BBVA? 

BBVA typically allows you to deposit money orders through their app by providing the deposited money orders' source and purpose. Clear front and back pictures are required with up to 15 photo deposits per month and a limit of $3000 per deposit, with the first five money orders being limited to $2000. The first $200 may be released to you the following business day, after which the remainder will be released the day after. 

The BBVA mobile app does allow users to deposit checks by providing clear photographs of the front and back of the check and enables users to deposit multiple checks in one session. BBVA endorses the process, necessitating the user's signature and information and "BBVA Compass" below this information.

References

1. BBVA Compass Bank - https://www.bbvausa.com/checking-accounts/direct-deposit.html

2. BBVA Compass Bank - https://www.bbvausa.com/disclosure/consumer-deposit-agreement.html

3. BBVA Compass Bank - https://www.bbvausa.com/disclosure/guides/account-guide.html

Updated & Verified: May 2021

Are you a Chime member and want to use Cash App but aren't sure if you can? Then you're in luck.

Chime works great with Cash App for investing in stocks and/or bitcoin and for sending or receiving money easily and securely.

It’s important, however, for you to ensure that everything is set up properly to help you avoid any potential issues and/or loss of money.

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does chime work with cash app

Cash App launched in October of 2013 and as of 2020, it has had over 100 million downloads and over 36 million monthly active users. (1

Considering the overwhelming popularity of both Cash App and Chime, it’s only logical for you to want to use your Chime account with Cash App.

How to Link Chime to Cash App (Step-By-Step)

You can easily link your Chime account to Cash App by using two different methods. This step-by-step guide will show exactly how to properly set things up.

1) Install and Open Cash App

First, you need to install Cash App. You can do so for free on Android and iOS devices. Once you have Cash App installed on your preferred device, open it to continue.


2) Click on the Bank Icon in the Bottom Left Corner

Once you have Cash App open, simply click on the bank icon in the bottom left corner of the screen.


3) Click on “Link Bank”

You may have to scroll down to near the bottom of the screen and you should see a “Link Bank” button. Click on it to start linking Cash App to Chime.


4.1) Use Your Chime Debit Card to Link to Cash App (Method 1)

The first way to link Cash App with Chime is to use your Chime debit card. To do this, you would simply enter your Chime debit card information within Cash App as shown in the image.


4.2) Link Cash App Directly to Your Chime Account (Method 2)

Alternatively, if you’d prefer to just link Cash App directly to your Chime account without using your Chime debit card, you can click on “No Card?” near the bottom of the screen. Read the following screen and then click “Continue”. Then either scroll or search until you find “Chime” and click on it.


5) Login to Your Chime Account to Link it With Cash App

Finally, simply log in to your Chime account to finish linking it with Cash App. This step is only necessary if you're using method 2 for linking your Chime account with Cash App.


The Easiest Way to Ensure Chime and Cash App are Linked Properly

Even though it may be tempting to skip doing this, it’s highly recommended that you test things to ensure Chime and Cash App are properly linked together

The easiest way to do this is to send a small amount of money (like $1) from Chime to Cash App. Once the transfer is complete, try sending it back to your Chime account from Cash App. If everything transfers over as expected, then you should be good to go.

Frequently Asked Using Chime With Cash App Questions:

Can Chime receive money from Cash App?

Yes, Chime can receive money from Cash App. People using Cash App can send money to anyone who has a properly set up and linked bank account including people who use Chime.

You can also send money to Chime from your own Cash App (for example if you're investing and turned a profit). The process of transferring funds from Cash App to your own bank is known as “cashing out”. (3)

How long does it take to transfer money from Cash App to Chime?

In some cases, cashing out or transferring funds to Chime from Cash App is instant. However, if it isn’t instant, you can expect the funds to be available in your Chime account in 1 to 3 business days. (2)

Why is my Chime debit card not supported on Cash App?

In most cases, the reason you are getting a not supported message using your Chime debit card with Cash App is because you made a mistake when entering your card information into Cash App. Double-check the card info and try again.

Other possible issues can include your Chime card is somehow blocked, the app for Cash App itself needs to be updated or Cash App and/or Chime are currently down. 

If you continue having problems though, try contacting Cash App support and/or Chime support to further investigate things. (4)

What if You Have Problems Using Cash App with Chime?

If you have any problems using Cash App with Chime, you can easily contact support for both by doing the following:

Contacting Cash App Support

To contact Cash App support, you can do so from within the app by going to your profile and then clicking on “Support” or by going to https://cash.app/contact.

Contacting Chime Support

If you’re having issues with getting Chime to work with Cash App, you may want to try contacting Chime support by calling (844) 244-6363 to see if there may be something with your Chime account preventing you from being able to use Cash App.

Wrapping Up

Using Cash App with your Chime account is 100% possible and is typically a pretty straightforward and simple process to set up. You can use either your Chime debit card or your Chime account itself to link with Cash App so are able to send and receive money easily and efficiently.

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