Which Banks Don't Use Check Systems?

Some banks do not check your credit before approving a checking account.

The majority of banks in the United States request a report from ChexSystems when someone applies for a new checking account. The ChexSystems report tells if the applicant has a history of delinquent banking activity. For example, if a checking account holder has unpaid overdraft fees, a ChexSystems report will show it. Negative information remains in a ChexSystems report up to five years. If you are having trouble getting a checking account, visit a bank that does not use ChexSystems.

BBVA Compass

The Basic Checking Account offered by BBVA Compass is tailored for customers who have been denied a chance to get a checking account because of bad credit. This checking account can be opened with a $25 deposit, and there is no minimum balance requirement.

Wells Fargo

Wells Fargo offers a checking account for credit-challenged customers as part of its Opportunity Package. This product works well for those willing to set up direct deposit with the Opportunity Checking account. Applicants must make a $100 minimum deposit.

Woodforest National Bank

Woodforest National Bank offers Second Chance Checking to customers with negative ChexSystems reports. Most branches are located within Walmart stores and are open 364 days a year.

Credit Unions

Many credit unions do not run ChexSystems reports before offering a new customer a checking account. Contact credit unions in your area, ask if you are eligible to join, and ask if you need a clear ChexSystems report before opening an account

References

• BBVA Compass: Basic Checking
• Wells Fargo: Opportunity Package
• Woodforest National Bank

Resources

• National Credit Union Administration