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Top 7 Checking Accounts For Bad Credit To Open Instantly

Open a bad credit checking account instantly online to establish a positive banking history whether or not you have ChexSystems records.

Bad credit checking accounts can empower you to take charge of your financial future. It can be devastating and costly when you're turned down for a checking account.

Many people are unaware of the overreaching negative impacts of having a bad-or low-credit score. You end up wasting money on high fees for alternative financial services like check-cashing businesses, prepaid cards, and money orders, all of which do nothing to establish a lasting banking relationship.

Here is a guide to 7 checking accounts for bad credit that can be opened instantly online. 

1. OneUnited Bank

Best for No-Credit Check Cash Advance
OneUnited Bank operates online across the U.S. with a few branch locations in California, Florida and Massachusetts. OneUnited is a good choice for customers that want access to numerous financial services that help build credit, including a no-credit check cash advance up to $1,000.
$25 minimum deposit to open
Get paid up to two days early with direct deposit
Obtain cash, surcharge free at over 100,000+ ATMs nationwide
No-credit check cash advance loan up to $1,000
Can add cash to your OneUnited Bank Debit Card at over 90,000 locations across the country
Cash-Back Rewards up to 20% in different categories like food, hair products, hotels, cosmetics, home goods.
Member FDIC-Insured

2. Upgrade

Best for Cash Back Rewards
Upgrade® is a financial technology company, not a bank. Rewards Checking Plus services provided by Cross River Bank, Member FDIC. Upgrade provides a range of financial services including checking accounts, credit cards and personal loans.
The Rewards Checking Plus account earns 2% cash back on specific types of purchases and 1% cash back on all other purchases.
$0 Opening Deposit
No monthly fees
Up to 2% cash back on purchases1
Get paid up to 2 days early2
Add Performance Savings to earn up to 5.07% APY3
Deposits are FDIC insured

3. GO2bank

Best for Credit Building
Go2Bank is a digital bank providing the convenience of a checking account, high-yield savings account, and a secured credit card, all in one place. Plus, customers can deposit cash with your card or the app at a nearby retailer, with 90,000+ locations nationwide.
Checking account holders can build credit with the no credit check GO2bank Secured Visa® Credit Card. Simply transfer at least $100 from your GO2bank account to make your security deposit and set your credit limit.
No minimum to open an account online.
$5 (waived if you received at least one direct deposit the previous month)
Earn 4.50% APY balances up to $5,000 with Vaults.
Up to 7% instant cash back on eGift card purchases in-app.
Get paid as much as two days early with early direct deposit.
FDIC-insured up to $250,000.

4. Current Banking App

Best for no monthly fees
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC.
Current provides a range of financial services, including a convenient debit card and a savings account. Tailored for both adults and teenagers, Current offers personal accounts through its intuitive mobile app.
Build credit with every swipe if you set up direct deposit.
Get paid up to 2 days faster.
Get fee-free overdraft.
Earn points on swipes for cash back.
No credit checks or history required.
FDIC-insured up to $250,000.

5. Albert Banking App

Best for $250 Cash Advance
Albert is an all-in-one app that handles multiple financial tasks from automating savings and budget management to tailoring a personalized investment portfolio. Albert is not a bank. Banking services provided by Sutton Bank, Member FDIC.
Offers fee-free cash advances up to $250.
55,000+ fee-free AllPoint ATMs.
Earn up to 20% cash back on gas, groceries, and more.
$0 minimum balance and $0 maintenance fees.
Start building your investment portfolio with as little as $1.
Get paid as much as two days early with early direct deposit.
FDIC-insured up to $250,000.

6. SoFi Bank

Best for Bank Bonus up to $275
SoFi Bank operates online across the U.S. with headquarters in San Francisco, CA. With over four million customers, SoFi is a good choice for customers that want access to numerous financial services, including high-interest savings, student, mortgage and personal loans and investing.
New customers get $25 for opening a new checking account with a minimum $50 opening deposit funded with a debit card. Customers that set up a qualifying direct deposit are eligible for an additional bonus up to $250.
SoFi offers competitive yields on both its checking and savings accounts.
Get paid up to two days early with direct deposit
Extensive ATM network
Cash back at select retailers up to 15%
No fees for overdrafts or account maintenance
Up to $2 million in FDIC insurance through the SoFi Insured Deposit Program

7. Acorns

Best for Investing Spare Change
Acorns Checking operates online across the U.S. The checking account automatically saves and invests the spare change when you use your debit card for purchases. Micro-investing allows you to get started with investing even when you don’t have much money to invest.
Acorns Checking comes with access to 55,000+ fee-free ATMs within the AllPoint Network around the world. Acorns is not a bank. Acorns Visa™ debit cards are issued by Lincoln Savings Bank or nbkc bank, Members FDIC for Acorns Checking account holders.
$10 Opening Deposit.
No hidden fees. No minimum balance fees. No overdraft fees.
Get paid up to two days early with direct deposit.
Instantly invest your spare change with every swipe of your debit card.
Mobile check deposit, digital checks, things your bank can do, and more.
Get a personalized heavy metal, laser engraved Acorns Visa™ debit card.
FDIC-insured up to $250,000
Banks that offer checking accounts for bad credit open the doors to a more stable financial outlook. It can be devastating when you are turned down for a checking account. Many people are unaware of the overreaching negative impacts of having a bad-or low-credit score. You just don't expect something as simple as opening a bank account to rely on your credit profile. And here's the rub ⎼ You end up wasting money on high fees for alternative financial services like check-cashing businesses, prepaid cards, and money orders, all of which do nothing to establish a lasting banking relationship. Here is a guide to 15 checking accounts for bad credit that can be opened instantly online. We picked these banks for bad credit because they offer leading innovations in digital and mobile banking with tools to help customers stay on top of their spending and saving. bank account no credit check

10 Top Leading Checking Accounts for Bad Credit

1. BBVA Online Checking Account

BBVA USA ranks at 30 among the biggest in America. While offering a nationwide online checking account, BBVA Bank operates physical branches in several states (AL, AZ, CA, CO, FL, NM, and TX) as well. The BBVA Online Checking Account is a good fit for people that have experienced financial troubles and need a “second chance” checking account. BBVA offers easy qualification for people looking for a checking account for bad credit. BBVA's highly-rated mobile app is intuitive and easy to use. Key Details
  • Visa debit card
  • Unlimited checks and mobile deposits
  • Cashback rewards
  • Full-service online banking
  • No credit checks for new accounts
  • No ATM fees at participating ATMs
  • $25 minimum initial deposit
  • Budgeting tools

2. GoBank Online Checking

GoBank Online Checking is a mobile banking service offered by Green Dot Bank. Since GoBank does not check your credit report or ChexSystems, it is a good option for a bad credit bank account. GoBank does not have any brick and mortar branches, but it does have a large network of fee-free ATMs. Key Details
  • A debit card
  • Free cash withdrawal from 42,000+ ATMs in-network
  • Mobile banking services
  • Waiver of minimum deposit when you open your account online
  • No overdraft fees
  • In-person deposits at Walmart and 7-11 with $5.05 fee
  • $8.95 monthly fee – waived with minimum of $500 in monthly deposits

3. Bank of America Advantage SafeBalance Banking

The SafeBalance Banking Account is designed with second-chance checking in mind. Overdrafts are unheard of with this account because Bank of America will automatically decline charges that exceed your account balance. The catch with this account is that you can’t write physical checks but as the nation's 2nd largest bank, there are physical branches in 37 states if you prefer in-person banking. Key Details
  • Large ATM network with fee-free transactions
  • $2.50 transaction fee at non-participating ATMs
  • Mobile deposits
  • No overdraft fees
  • Same-day transfers
  • $25 minimum to open the account
  • $5.05 monthly fee

4. Wells Fargo Clear Access Banking Account

The Clear Access Banking Account is a checkless account designed to help customers avoid spending more than the amount available in the account. This account is best for customers that don't need to write checks and who want to avoid overdraft and non-sufficient funds (NSF) fees. Key Features
  • Free transfers between your Wells Fargo checking and savings accounts
  • No Overdraft of NSF fees
  • No check writing ability
  • 13,000 ATMs with free withdrawals nationwide
  • Upgrade to a standard checking account after 12 months
  • $25 minimum to open the account
  • $5 monthly fee (waived for account owners between the ages of 13-24)

5. First American Bank Fresh Start Checking Account

Another solid choice for a second chance checking account is First American Bank. There are only a few branch locations (FL, IL, and WS) but it offers online banking across the nation. Improve your finances with First American’s Fresh Start Checking Account for people with poor credit. Key Features
  • Mastercard Debit Card
  • Mobile, online, and phone banking
  • Paperless statements
  • 55,000 ATMs nationwide with free withdrawals
  • Limitless check writing
  • $9.95 monthly fee
  • $50 minimum to open the account

6. Radius Bank Essential Checking Account

Radius Bank excels in the technology department, with user-friendly online tools designed to help you get your budget in order and keep it on track. If you’re looking for more than just basic checking account services, Radius Bank and its Financial Dashboard is your go-to. Key Features
  • Mobile bill payments and deposits with $1k daily deposit limit
  • Paper checks
  • Debit card with Apple Pay, Google Pay, and Samsung Pay functionality
  • No minimum required to open the account
  • $500 daily limit on debit card purchases
  • $5 overdraft fee
  • $9.00 monthly service charge
  • Eligibility for an upgrade to Rewards Checking after 1 year

7. Fifth Third Express Banking

Fifth Third Express Banking is a great option if you’re looking for a no-frills account with minimum requirements. Key Features
  • No credit requirements
  • No overdraft fees
  • Zero monthly fees or minimum balance requirement
  • Mobile deposits
  • Mobile/online banking
  • No check deposits or cashing at ATMs
  • Option to deposit at local Fifth Third branches

8. Aspire Federal Credit Union

Aspire Federal Credit Union is a unique option for applicants who’ve struggled to get approved elsewhere due to bad credit. The Fresh Start Checking Account allows you to build a positive financial record with Aspire. To join Aspire, you simply need to make a donation to one of the credit union’s partnering nonprofits. Key Features
  • Debit card
  • Requires 100% direct deposit each paycheck
  • Fraudulent-free record
  • Zero monthly fees
  • Online account management
  • 70,000+ fee-free ATMs in network

9. Chime® Checking Account

Chime® offers an alternative to traditional banks. Chime® is the largest and fastest-growing [challenger bank] with over 5 Million FDIC-Insured Bank Accounts. The bank’s app has amassed an impressive amount of perfect reviews, suggesting it provides a convenient and easy-to-navigate experience for account holders. Key Features
  • No ChexSystem report pulled
  • No minimum payment to open an account, or monthly minimums
  • Zero monthly fees, period
  • Mobile deposits and transfers
  • Direct deposits for paychecks
  • $2.50 fee on ATMs outside Chime®’s network

10. Axos Essential Checking Account

Axos Bank is one of the first online-only banks dating back to the year 2000. If you live in California you can find branch locations in San Diego and Los Angeles, but Axos Bank is primarily a digital bank. Axos provides several checking account options, including a rewarding second chance checking account. Key Features
  • Mobile banking
  • Second chance savings accounts available
  • Overdraft protection at an additional cost
  • $50 minimum to open the account
  • $6.95 monthly fee, subject to increase to $8.95
  • $310 withdrawal limit per ATM transaction

5 ways a checking account for bad credit builds a banking relationship

Traditional banks offer the best option for building a lasting banking relationship. When choosing the best checking accounts for bad credit, it’s important to know your options. Don't let bad credit stop you from opening a bank account but be sure to watch out for a few costly features. For instance:
  • High monthly service fees
  • Limited ATM Network
  • Costly overdraft fees
Monthly fees for bank accounts for bad credit are common. However, you want to avoid extreme monthly fees. There's a popular bank (I won't mention the name), that has a checking account for bad credit that charges an outrageous $25 a monthly service fee!  While most checking accounts for bad credit have a monthly service fee, that fee is generally reasonable and can be waived after 12 months of good account management.

Business checking accounts for bad credit

Loans for bad credit

Credit cards for bad credit

How to fix a bad credit score

When your credit score is low, you may have a difficult time opening a checking account. But you're not alone. Approximately 7.1 million U.S. households go unbanked according to a 2019 FDIC Survey. Without a basic checking account, many unbanked people have no choice but to use prepaid debit cards and check cashing businesses. The ability to conduct daily financial transactions free of charge, save money in an interest-bearing account and have a safe place to keep your money is a critical part of a strong financial plan ⏤ one that can help you on your path to improving your credit. Here are 5 Steps To Fix a Bad Credit Score: 1. 2. 3. 4. 5.

5 Benefits of a Checking Account with Bad Credit

A checking account for bad credit can open so many doors, and it’s all but essential in today’s economy. 1. Easy payment option. Paying bills can be a challenge without a bank account. 2. Transferring funds. 3. Applying for financial products. Getting approved for an auto loan or a mortgage may require a traditional checking account. Lenders want to see financial stability and having a checking account is one way to provide proof you are able to make monthly payments. 4. Convenience. A bank account adds convenience to your life. It streamlines simple tasks and allows you to easily track and manage your budget.

How to Get Approved for a Checking Account with Bad Credit

Despite what you might believe based on past experiences, a poor credit score doesn’t make you ineligible for a checking account. The steps below can help you to lock in a checking account, along with all of its advantages, from a great bank.

Check the bank’s credit requirements.

As you can see from the list above, not all banks check your credit or your history with banking in their screening process. If you’re worried your low score or track record of overdrafts might hurt your approval odds, look for a bank that doesn’t use ChexSystems to screen applicants.

Study your report and dispute errors.

You can get a free copy of your ChexSystems report annually, and you should. A simple error could be all that’s standing between you and a bank account. Likewise, a small unpaid service fee can do a lot of damage. Look into settling your unpaid fees and disputing errors to improve your chances.

Opt for a second chance bank account.

Bank accounts for bad credit may come with a small additional monthly fee, but it’s well worth it for the benefits. If your credit score is holding you back and there’s no working around it, one of these accounts can give you the fresh start you need.

Consider a prepaid debit card.

While they don’t come with nearly as many benefits as a checking account, prepaid debit cards are another viable solution for applicants with poor credit. They don’t require you to undergo a credit check and essentially work like regular debit cards once you load them with funds. Just note that these cards often come with hidden fees and don’t include any of the banking features an account would.

What to Look for in a Checking Account for Bad Credit

Ready to start shopping? Not all bank accounts are created equally. Keep the following criteria in mind as you sift through all of your second chance checking account options.

Minimal Fees

As rewarding as checking accounts for bad credit are, it’s hard to completely escape fees. The majority of accounts will come with a small maintenance fee each month, though Chime® and some others do not. Some banks are willing to waive their service fees if you keep a minimum balance or regularly deposit a certain amount.

Low Minimum Balance

As you can see from the list of banks above, many of them require you to deposit a minimum amount to open your account. What you may not realize is that the minimum amount required to open your account is often expected to be in your account at all times. If your balance dips below that number, you could be slapped with a fee. As you shop around, look for banks that have little or no minimum balance or associated fees.

Banking Services

Just because your credit score is low, you shouldn’t be stuck without access to basic banking features. Look at each bank account’s benefits, namely the services that are free of charge. You can keep your eye out for perks like:
  • ATM access
  • Debit card
  • Limitless checks
  • Local branches
  • Mobile deposits
  • Mobile banking app
  • Paperless statements
While not all of the services above are necessary for a positive banking experience (like access to a local branch), others are. second-chance-credit-card-with-no-security-deposit Credit can be very easy to damage but often difficult to rebuild. A second chance credit card with no security deposit will help you build a strong credit history over time that can lead to good credit scores. Use a second chance credit card with no security deposit to get a fresh start. Instead of using cash for a secured credit card, invest that cash in a high interest savings account with compound interest to build an emergency fund. As you practice good credit habits, your chances of getting a better credit card or a loan with more favorable terms increases. Good credit habits look something like this:
Charge only what you can afford, pay your bill on time each month and don't take on too many credit cards.
Having a low credit score does not mean you can't get approved for a credit card from a bank. Fortunately, you have some options even with poor credit.

Second chance credit cards with no security deposit

Upgrade Card

The Upgrade Card automatically puts your balance into an installment plan with a fixed monthly payment. There are no rewards with the Upgrade Card, it's strictly designed to help cardholders finance purchases while keeping interest payments under control.
  • Combine the flexibility of a card with the low cost and predictability of a loan
  • $0 fees – $0 annual fee, $0 activation fees, $0 maintenance fees
  • No touch payments with contactless technology built in
  • See if you qualify in minutes without hurting your credit score
  • Access to a virtual card while you wait for your card to arrive in the mail
  • Great for large purchases with predictable payments you can budget for
  • Mobile app to access your account anytime, anywhere
  • Enjoy peace of mind with $0 Fraud liability

The First Digital Mastercard Credit Card

The First Digital Mastercard credit card is a genuine Mastercard credit card designed for US consumers who may have had credit issues in the past.
  • Get the security and convenience of a full-feature, unsecured MasterCard Credit Card – accepted at millions of merchant and ATM locations worldwide and online.
  • Build up your credit history with a card that reports to all three major credit bureaus every month.
  • Perfect credit not required for approval; we may approve you when others won’t.
  • Easy and secure online application – It takes just moments to apply.
  • Issued by Synovus Bank, Member: FDIC

How to manage a second chance credit card with no security deposit

The number one action to help your credit scores using credit cards is to make all of your payments on time, every time. Payment history is the number one factor making up a credit score. The number two action is to keep credit card balances low and pay in full every month. Credit utilization ratio, or balance-to-limit ratio is the second most important factor in a credit score. Staying on top of payments and maintaining a low balance demonstrates that you consistently manage debt well and can add positive points to your credit scores. Plus, when you pay the balance in full each month, you avoid paying interest or finance charges on revolving balances.

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Best online savings rates

The national savings rate is 0.47% APY. This online bank pays way more.

CIT Bank

Platinum Savings
5.05% APY
Minimum $5,000 balance
No maintenance fees
Mobile & Online Banking
Deposits are FDIC insured


5.21% APY
Minimum $1,000 balance
No maintenance fees
Mobile & Online Banking
Deposits are FDIC insured

Quontic Bank

4.50% APY
Minimum $100 balance
No maintenance fees
Mobile & Online Banking
Deposits are FDIC insured
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