Banks That Don'T Use Chexsystems

10 Banks That Don’t Use ChexSystems

Before we get into our list of 10 banks that don’t use ChexSystems, we wanted to go over what ChexSystems is and how it can have an influence on whether or not you get approved for a bank account.

ChexSystems is a check verification service and credit reporting agency. It’s said about 80% of banks and credit unions in the United States use ChexSystems to screen potential customers before approving their checking or savings account applications.

Although most of the banks in the US use this system, there is a good portion of banks that don’t use ChexSystems and this is especially good news for people with low credit scores or a murky banking history.

The banks that don’t use ChexSystems are (in our opinion) just as good as the ones who do, maybe even better?

Here are 10 banks that don’t use ChexSystems and openly accept all people into their banking system, no matter what kind of credit history they may have.

1. Chime

Chime Bank: Banks That Don'T Use Chexsystems
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Chime is one of the few banks that don’t use ChexSystems and it turns out, they’re doing pretty well!

Not only does Chime not use ChexSystems, but they also offer products to help you build your credit and get your score up.

Their “Chime Credit Builder Visa Credit Card” requires no credit checks, no annual fees and no interest charges. It’s a great way to build better credit while getting all the benefits of a credit card.

Chime is a non ChexSystems bank that is famous for its low fees and accessibility. They do not charge any overdraft fees, transaction fees, monthly maintenance fees or require a minimum balance.

The only catch is that they are fully digital meaning they do not have a physical location. If that’s ok with you, then try it out. They are one of our top picks for banks that don’t use ChexSystems in the US.

2. Sable

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Sable Bank prides itself on being one of the fastest banks in the US that doesn’t use ChexSystems. When you sign up for a bank account at Sable, you can get approved in as little as 5 minutes.

Their checking account includes 1% cash back and is FDIC insured but this isn’t the only reason why we’ve included this under-the-radar bank in our list of banks that don’t use ChexSystems. They also provide credit building products and services which is a huge plus for people with low credit scores.

Sable reports all positive financial activity to the three major credit bureaus right away making your journey to a higher credit score faster and easier.

You might also want to consider their secured credit card which, similar to Chime, allows the user to build credit by using their own money.

The secured card gives you 2% cash back and there’s no minimum deposit required. After 4 months you will be able to graduate to their unsecured credit card. 4 months is very fast compared to other banks. We told you they were all about speed!

Consider Sable if you’re on a search for banks that don’t use ChexSystems, help raise your credit score and give you rewards and cash back.

3. Current

Current Bank: Banks That Don'T Use Chexsystems
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Like the previous banks that don’t use ChexSystems on this list, Current does not have a physical location, however; that only means lower fees and faster approval for you, the customer.

Current is one of those banks that do not use ChexSystems, meaning they accept any and everyone who would like to open an account with them, regardless of their banking history.

A big plus to opening a bank account with Current is that they provide $200 in overdraft for all customers completely free of charge. You don’t have to worry about dipping into the negatives every once in a while because Current has it covered.

They also don’t require a minimum balance to open a bank account and there are no hidden fees.

Although Current is not technically a bank (they call themselves a “financial technology company”), they are still connected to the AllPoint ATM network which means you can withdraw cash at over 40,000 ATMs across the US for free.

Although Current does not offer the same type of credit building tools that Sable and Chime do, it is still a great choice for anyone looking for non-chexsystems banks with virtually no barriers to entry and a quick sign-up process.

4. Acorns Spend Checking Account

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Like the other banks included in our list, Acorns is also considered one of the best banks that don’t use ChexSystems and is especially good for people who like to save, budget and invest.

Signing up for a bank account with Acorns is quick, easy and requires no credit check.

Acorns specializes in “saving money” (hence the name Acorns). Their checking account includes tons of perks like instant spare change investing, rewards and access to their mobile app which includes financial advice from world-class experts.

They also allow you to invest small portions of your paycheck with their “Smart Deposit” program.

An Acorns checking account only costs $3 per month, which is not a bad price for all the unique tools you get access to.

Also, since Acorns is one of the few banks that don’t use ChexSystems, you can bet that you will be approved almost instantly.

5. SoFi Checking and Savings Accounts

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SoFi started off as a lender, focusing on student loans, mortgages and personal loans. They have since expanded into checking, savings and investment accounts and now offer one of the highest APY rates in the country: 1.00%. This rate is 33% higher than the average APY rate offered by American banks which is 0.03%. Not bad.

The really great thing about getting a bank account with SoFi is that they offer a ton of tools and benefits. Their app is really impressive with a home screen that shows you the balance of each bank account (including investing and credit card accounts) as well as your credit score status. It’s the perfect app for someone looking to get better with their money and improve their credit report.

When all the information is right there in front of you, it’s pretty hard to ignore your spending habits. SoFi is all about education and guiding their clients in their financial goals.

SoFi has a deal where if you activate direct deposit with one of the bank accounts, they will give you $120, no strings attached.

There are no overdraft fees (although their free overdraft only goes up to $50), no monthly fees, or minimum balance fees.

They are also apart of the the AllPoint ATM network and give all of their clients free access to over 50,000 ATMs across the country.

SoFi is a great example of banks that don’t use ChexSystems. If you are looking for a bank that really puts your financial goals first and offers a ton of helpful tools on monitoring your spending and saving, SoFi’s Checking and Savings Accounts might be your best bet.

6. Langley Federal Credit Union

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We’ve shown you some banks that don’t use ChexSystems, but what about credit unions? Credit Unions are not-for-profit, whereas a national bank like Wells Fargo is for-profit. There’s no guarantee that a credit union is cheaper, however; they are often more focused on customer service and feel more like a local business than a big national bank would.

Langley’s Essential Checking Account is actually aimed towards people with bad credit or no credit history.

With this account, you will enjoy benefits like early payday deposits, mobile banking and free access to over 50,000 ATMs across the country.

There is a $5 monthly fee, however, this will be waived if you either log into your online banking account once a month or use your Langley debit card. So, the account is essentially free as long as you use it.

Langley Federal Credit Union is one of our top picks for credit unions that don’t use ChexSystems. With their Essential Checking Account, you get all the basic features you need and no credit check!

7. Varo Bank

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Varo Bank is an online-only bank that prides itself on no credit checks. It’s one of the best banks that don’t use ChexSystems and has all the perks you would expect from a checking account.

Varo doesn’t have a physical location, but it makes up for it with it’s mobile banking app. All clients will get access to their state-of-the-art app and shows you everything you need to know about your bank balance and financial health.

They also give their customers 6% cash back on their debit and credit purchases. When your cash back total reaches $5, it’s automatically transferred into your bank account to spend.

Varo is a great choice for people with low credit scores who still want to earn cash back and rewards through their bank account. This is why we included it in our list of banks that don’t use ChexSystems.

8. GoBank

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A lot of the banks we’ve mentioned are branchless, meaning they have no physical location and GoBank is no different. There seems to be a trend with fully digital banks where these particular companies are the ones who tend to not use ChexSystems.

GoBank is known as being one of the most well-connected digital banks in America. They give all of their customers access to the AllPoint ATM network and allow them to deposit cash at thousands of check points nationwide. There is a small fee for these deposits, but it’s always good to have the option.

They also have a great mobile app which allows your to check your balance, deposit checks and send e-transfers.

GoBank is a great choice for anyone who wants all the convenience of a well-connected, large, national bank without the high fees. Another front runner in our list of banks that don’t use ChexSystems.

9. Bank OZK

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OZK offers a special account called the “Pathway Checking Account” for customers with no credit history. Although they do use ChexSystems for their other accounts, the Pathway Account is open to everyone.

They charge a $50 one-time fee to acquire the account and then $10 per month as a maintenance fee.

OZK has partnered with Zelle to enable their clients to send and receive money directly through their bank account.

Although there is a monthly fee, you might want to consider OZK for their free financial guidance service and their easy-to-use online banking portal.. Bank OZK is one of the best banks that don’t use ChexSystems.

10. BankCorp South

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BankCorp offers many bank accounts that don’t use ChexSystems for approval.

Their “My Way Checking Account” has all the benefits you would expect from a no-frills checking account including online banking, a budgeting app, free checks and only a $50 deposit as a minimum balance.

There is a $5 monthly fee, however; it is waived completely is you either maintain a balance of $100, connect direct deposit or make 5 debit purchases per month. It shouldn’t be a problem as long as you use the bank account on a regular basis.

BankCorp really likes to focus on saving and budgeting. If this is important to you then opening a bank account with BankCorp might be your best option.

Takeaways: 10 Banks That Don’t Use ChexSystems

As you can see, there are many options for you if you are looking for no ChexSystems banks. Some of these banks charge a monthly fee, however; many of them are waived if you use the account regularly.

Many national banks will offer a second chance bank account alongside with their regular bank accounts, but we’ve found that there’s always a fee involved with these special, second chance accounts.

Most of the banks on this list don’t use ChexSystems for any of their financial products and give all of their customers the same benefits and rewards, regardless of where their credit score is at.

When choosing a bank account from a non-ChexSystems bank, think about what is most important to you: no fees, credit building, a nice banking app? Then, go with the bank that suits your needs best.

By working with one of these banks, you are already one step closer to increasing your credit score and getting your financial freedom back.

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