15 Best Banks That Don’t Use ChexSystems [2021]

Financial mistakes in your past can make it difficult to get a new checking account, but working with banks that don’t use ChexSystems will help. These banks and credit unions offer what is often referred to as “second chance checking accounts”. We analyzed 15 banks and credit unions based on price, service, and features and reveal our top choices below. If your current bank uses ChexSystems and you’re having issues with them, you can contact ChexSystems by clicking here.

Our Top Rated Banks That Don’t Use ChexSystems:

(Rated by Price, Service, and Features, Updated 1/10/2021)

(Put top 3 here)

Have you ever tried to sign up for a new checking account at banks and credit unions just to not qualify or be turned away?

Sadly, many people have.

If you’ve made financial mistakes with your checking account in the past like having overdrafts, it can be challenging to find a new bank willing to work with you.

But where do you go then?

For many people, it’s your best option is to find a bank that does not use ChexSystems to examine the histories of new account applicants.

While many banks use ChexSystems to see if someone has a history of overdrafts or other concerns, there are still great banks out there that do not.

It isn’t easy to get through life without a checking account.

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


#1. BBVA

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 cashback 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.

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
Get More Info & Sign Up Today!

#2. Chime

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
Get More Info & Sign Up Today

#3. SoFi

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
Get More Info & Sign Up Today!

#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
Get More Info & Sign Up Today!

#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
Get More Info & Sign Up Today!

#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
Get More Info & Sign Up Today!

#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
Get More Info & Sign Up Today!

#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
Get More Info & Sign Up Today!

#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
Get More Info & Sign Up Today!

#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
Get More Info & Sign Up Today!

#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.
Get More Info & Sign Up Today!

#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
Get More Info & Sign Up Today!

#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
Get More Info & Sign Up Today!

#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
Get More Info & Sign Up Today!

#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
Get More Info & Sign Up Today!

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.

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.

About 80 percent 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.

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.

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.

5 Benefits of Non-ChexSystems Banks

If a negative banking history is making it tough to open a new checking account, you could be resigned to do without one. However, it can be rather challenging to make it through life without a bank account.

Moreover, there are genuine advantages to having a checking account. The good news is there are lots of trustworthy, consumer-friendly banks.

Here are 5 advantages to keep in mind

  1. Save money on check cashing service fees – Check cashing services can offer you access to your money, but they typically have charges. For instance, Walmart charges $4 to cash a check-up to $1,000.
  2. Avoid fees related to pre-paid debit cards – Prepaid debit cards can be a feasible alternative to a bank account. However, many charge a monthly fee, and some charge activation fees and transaction charges.
  3. Keep your cash safe – A checking account offers you a safe spot to keep your hard-earned money. It’s also simpler to track your balance by examining your transactions or utilizing mobile banking.
  4. Your cash is insured – When you bank with a bank that’s FDIC-insured, your cash is safeguarded as much as $250,000. You can find a bank with FDIC insurance by utilizing the FDIC’s bank find tool.
  5. Built-in scams defense – When you utilize a bank debit card, you’re secured if your card is lost or taken. You may get comparable protection utilizing a pre-paid debit card, however not all issuers provide scams defense.

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 “2nd possibility” bank accounts that provide customers a chance to rehabilitate their banking record.

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.

How to Fund Your Checking Account and Verify Small Deposits

Once you’ve been okayed for a bank account, your next move is to fund it. This is great practice, as it allows you to validate that your deposit when through and your account is working successfully.

If your bank has a physical branch, you can fund your account by making a deposit in person. If your bank is online, however, you have a number of choices for financing your account.

One technique for financing a digital bank account is to move money from an online account you currently own. You can do this by linking your accounts together.

If you don’t maintain any other digital checking account, you might be able to finance your new checking account by mailing in a money order. You can acquire money orders from a variety of places, including grocery stores, the post office, and retail chains like Walmart.

As soon as you have made a deposit, you really should take a look at your account to ensure it appears. One technique is to make a couple of little deposits to validate that the finances are making it into your account with no issue.

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.

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