17 Best Banks That Don’t Use ChexSystems


If you have had past financial mistakes come back to bite you and have been blacklisted by ChexSystems, you might also have been blocked from opening a bank account. You still have options, however, as not all banks utilize this consumer reporting agency.

Some banks choose to ignore a bad credit report and give customers a second chance at maintaining a checking account. Checking accounts for bad credit typically come with fees, but it’s the perfect way to get back in the game if you’ve had financial problems in the past. Banks with no credit check do exist; you just need to know where to find the best second-chance banking accounts.

GOBankingRates identified a list of banks with no credit check to open an account. Learn more about banks that don’t use ChexSystems and how they work.

Top Banks That Don’t Use ChexSystems

1. TD Ameritrade

TD Ameritrade doesn’t use ChexSystems to screen applicants, although opening an account is subject to a soft credit pull. But because it’s a brokerage, you’ll need to open a brokerage account before you can apply for a Cash Management checking account. Yes, you might actually be able to open an account online at TD Ameritrade with no minimum deposit and bad credit.

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Here are some of the perks of this account: 

2. Axiom Bank

Everyone deserves a second chance. That’s why Axiom makes the list of banks that don’t check credit. The financial institution offers second-chance banking and might overlook your report to provide you with a checking account. Headquartered in central Florida, this community bank offers its Opportunity Checking account to those who have made previous financial mistakes.

The account features the following: 

3. Woodforest National Bank

Woodforest National Bank, a regional financial institution, offers its Second Chance Checking account to customers with a history of banking problems. Here are the details: 

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4. United Bank

A bad ChexSystems report is not a problem with United Bank, but the institution has limited locations in Alabama and Florida. United Bank provides several products for customers with no or low credit, including personal loans, a secured Visa credit card and the Gateway Checking account. You’ll have to watch out for all the different types of fees, though. Here are the details about the checking account: 

5. Southwest Financial Federal Credit Union

The Texas-based Southwest Financial Federal Credit Union offers the Checkless Checking account, which might be an option if you have had trouble qualifying for a bank account. The account includes the following: 

6. Green Dot

Green Dot is an option if you’re looking for an alternative to a checking account for bad credit. Green Dot’s reloadable, prepaid debit card does not use ChexSystems, and no credit check is required.

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Prepaid debit card details include: 


7. Wells Fargo

Wells Fargo offers its Opportunity Checking to customers with negative ChexSystems reports. You’ll have to open the no-credit-check bank account at a local branch, but it includes everything you expect from a basic checking account, including online banking for easy bill pay.  Other features include: 

8. Capital One

If you’re worried about what Capital One will uncover when it runs a ChexSystems report, you’ll be happy to know that the bank performs a soft pull on your credit instead and looks at other risk factors before approving you. Chances are, if you have a good credit score — or at least some history — you’ll be golden. Here’s what your account will come with: 

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BBVA is known for approving individuals with past issues for its starter checking account. It uses Early Warning Services instead of ChexSystems to decide if you’re creditworthy. The bank offers the Easy Checking account, which gives a second chance to those who don’t qualify for a standard checking account. Here are the details: 

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10. Chime

Chime is an online-only option that offers services provided by The Bancorp Bank and Stride Bank. It provides customers with a solid mobile app and a linked debit card for withdrawals and purchases. The best part for customers worried about their credit is that Chime doesn’t run credit checks or ChexSystems reports.

11. Varo Bank

Varo Bank is a no-fee online bank willing to work with customers with bad credit. The bank doesn’t look at ChexSystems reports or run your credit report to determine whether you’re creditworthy or not, which ensures you’re in the clear to open a checking account. Here are the details:

12. San Diego County Credit Union

According to SDCCU, you may not be excluded from opening an account even if you have a history of bounced checks or bad credit. You’ll need to live or work in San Diego, Riverside or Orange counties to qualify. Three checking accounts are available:  

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13. Credit Union One

Based in Michigan, Credit Union One allows you to open a no-credit-check bank account. The Basic Checking account is designed to help customers get back on their feet. Here’s what you need to know: 



14. Navy Federal Credit Union

According to a representative for Navy Federal, the credit union hasn’t used ChexSystems to approve or deny checking accounts in years. Navy Federal is only available as an option if you can qualify for membership. Membership is open to veterans, active or retired military personnel, Department of Defense personnel, and family members of those who qualify to join, among others. You’ll have up to five checking account options to choose from, based on your balance or student status.



15. SoFi

The SoFi Money cash management account is a good way to stay off the ChexSystems radar. You’ll even earn 0.25% APY on balances over $500. Although SoFi isn’t a bank, you can rest assured that your money will be FDIC-insured when it arrives at SoFi’s partner banks.

Here’s what you can expect from this online-only option:



16. US Bank

U.S. Bank’s Safe Debit account is a check-free account option if you’ve had issues with ChexSystems in the past. A bank representative said that it doesn’t use ChexSystems to approve or deny a Safe Debit account. You may not have as much functionality as you would with other checking account types, but you’ll at least have the chance to replace your account history with a better one. Plus, you’ll be able to track your progress thanks to free credit score access for Safe Debit account holders.



17. Renasant Bank

Renasant Bank serves the South with over 200 locations in Alabama, Georgia, Mississippi and Tennessee. You won’t have to worry about past mistakes with Renasant — the bank doesn’t use ChexSystems before it approves your account. You’ll have three checking options and one student checking account to choose from.

Good To Know

Some people may confuse the information ChexSystems collects with what is shown on your credit report or with FICO scores. ChexSystems creates its own consumer file about your banking history. The two are indirectly related. You may have a negative ChexSystems file and a high FICO score, although it’s more common that individuals have a low credit score and negative marks on their ChexSystems file.

What Is ChexSystems?

ChexSystems is a reporting agency that collects data from banks and credit unions on consumers’ checking and savings account activity. The company uses this information to create tools — including consumer reports — that financial institutions can use to screen potential customers.

The agency helps banks and credit unions screen potentially risky applicants by issuing reports that detail previous financial issues like overdrawn and closed accounts and unpaid debt. Once you’ve been flagged by ChexSystems, you might have a difficult time obtaining a bank account.

Lia Sestric and Gabrielle Olya contributed to the reporting for this article. 

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Feb. 18, 2021.

This content is not provided by the financial institutions mentioned. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by the financial institutions mentioned.