If you can't open a bank account because of ChexSystems, there are several No-Chexsystems banks that will give you a second chance.
When a bank reports you to ChexSystems, those records can hang over your head for 5 years. Unless you successfully engage in a ChexSystems removal strategy, 5 years is too long to go without a bank account.
Here is our list of the best No-ChexSystems banks.
15 Best No-ChexSystems Banks
1. Chime Checking Account.
2. Acorns Checking Account.
3. OneUnited Bank Checking.
4. Current Checking.
5. Albert Banking.
6. M1 Checking.
7. SoFi Checking & Savings.
8. Axos Bank Rewards Checking.
9. GTE Financial Go Further Checking.
10. Novo Business Checking.
11. NorthOne Business Checking.
12. Green Dot Bank.
13. Unify Financial Right Start Checking.
14. Chase Secure Banking.
15. US Bank Safe Debit Account.
Establish a financial relationship with a bank that does not use ChexSystems and rebuild your banking history.
No-ChexSystems Banks Benefits & Features
1. Chime | Features and Benefits |
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Chime checking account does not use ChexSystems or credit reports to open new accounts. Chime's mobile app is rated both the iOS version and the Android version 4.8 stars, both out of 5. Customers get access to balance updates and real-time transaction alerts and debit card management tools to change PIN number or block card if lost or stolen.
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2. Acorns | Features and Benefits |
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Acorns checking account provides an account with no overdraft fees and free access to 55,000+ ATMs. Acorns combines banking and investing by automatically investing your spare change every time you make a debit card purchase. The Acorns marketplace gives customers a small percentage back on purchases made at hundreds of major retailers, including Walmart. The cash back that you earn shopping on Found Money is placed in your Acorns Invest account.
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3. OneUnited | Features and Benefits |
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OneUnited's checking accounts lets you add cash at over 90,000 locations across the country through a partnership with Green Dot®. The cash advance feature called CashPlease offers a short-term loan up to $1,000 without a credit check. Upon approval, loan funds deposited within 4 hours and you get up to 90 days to repay the short term loan.
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4. Current | Features and Benefits |
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Current lets you add cash at over 60,000 retailers across the country. The Current Account does not use ChexSystems or pull a credit report to open accounts. The savings pod feature with Current Banking earns 4.00% up to a $6,000 balance.
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5. Albert | Features and Benefits |
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Albert banking will spot you up to $250 so you can make ends meet. There are no late fees, interest, or credit check for the cash advance. If set up direct deposit you'll get your paycheck up to 2 days early. You get a free Mastercard debit card that you can earn cashback on gas️, groceries, delivery, and more.
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6. M1 Checking | Features and Benefits |
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M1 Checking account does not use ChexSystems. Earn 1% cash back on common everyday expenses. There are (2) checking account options: The M1 Basic Checking has no service fees and the M1 Plus Checking account has an annual fee of $125 and earns 3.00% APY on all balances.
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7. SoFi Bank | Features and Benefits |
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SoFi Checking and Savings is a combination account under one roof. You can’t open a standalone checking or savings account with SoFi Bank. As a full-service bank, SoFi offers several financial products, including credit cards, personal, mortgage, car and student loans.
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8. Axos Bank | Features and Benefits |
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Axos Rewards checking is an online bank that requires a $50 initial deposit and charges $0 monthly maintenance fees. Customers also receive unlimited domestic ATM reimbursements.
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9. GTE | Features and Benefits |
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GTE Financial Credit Union can be a helpful banking solution if you’re trying to restart your financial life with this second chance checking account. There are several ways to become a member, including joining CU Savers. a non-profit educational financial club, with a one-time $10 fee.
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10. Novo | Features and Benefits |
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Novo Business Checking can be a helpful banking solution if you’re an entrepreneur, freelancer or small business. There’s no monthly maintenance fee, and Novo doesn’t charge for incoming or outgoing ACH transfers, domestic or foreign wire transfers, stop payments, debit card replacement, physical checks, bill payments, checks or paper statements.
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11. NorthOne | Features and Benefits |
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NorthOne Business Checking offers unlimited fee-free transactions, which include payments, deposits, transfers and debit card usage. NorthOne does not charge for ACH payments and does not have fees for nonsufficient funds or overdrafts.
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12. Green Dot | Features and Benefits |
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| Green Dot is a bank with a network of services that have locations in major retailers such as CVS, Walgreens, 7-Eleven and more. The Green Dot Bank Unlimited Cash Back Bank Account Visa® Debit Card earns an impressive 2 percent cash back on online and mobile purchases
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13. UNIFY | Features and Benefits |
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| The Right Start Checking account at Unify Financial Credit Union, is a second chance gives access to traditional banking for first-timers or account holders looking to rebuild a positive checking account history.
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14. Chase | Features and Benefits |
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| Chase Secure Banking only lets you spend the money you have on deposit. The bank will decline or return a transaction when the customer does not have enough money in the account to cover the charge. It's a bare bones account with few perks other than conducting daily transactions. Chase Secure Banking accounts don’t come with check-writing privileges.
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15. US Bank | Features and Benefits |
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| US Bank's Safe Debit Account is a check-less checking account that lets you make deposits, withdrawals and payments and is suitable for those who want a debit card but don’t need to write checks.
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Why ChexSystems Exists
ChexSystems is designed to help banks identify fraudulent activity. It allows banks to report consumer banking activity that's considered negative as well as consumer banking habits and activities, for example:
- You fail to pay an overdraft fee for as little as $5, can end up in ChexSystems.
- Any banking account closures including bank closures with negative balances.
- Any returned (bounced) checks.
- Number of inquiries that have been made when you apply for a bank account and in what time frames.
- How many check orders you have placed and how often.
ChexSystems Removal Strategies
ChexSystems removal should be considered because even if you pay the bank in full, the bank must update ChexSystems but ChexSystems is under no obligation to remove the record.
ChexSystems is consumer reporting company. If you find information in your consumer report that you believe is inaccurate or incomplete, you have the legal right to dispute the report’s content with the consumer reporting company and the bank that shared the information to ChexSystems.
Under the Fair Credit Reporting Act (FCRA), ChexSystems or the bank that reported you has to verify the negative mark within 30 days or delete it from your ChexSystems report.
Here are several ChexSystems removal strategies:
1. Dispute directly with ChexSystems. Request verification from ChexSystems:
- Gather the facts and include specific information as to what you are disputing and an explanation of the basis for your dispute.
- Request that ChexSystems validate the information being reported, by contacting the bank. If the bank provides ChexSystems with any documentation connected to your signature, request that ChexSystems send you copies.
- Let ChexSystems know if the bank cannot furnish documentation with your signature, request that ChexSystems remove the account being reported.
2. Dispute directly with the bank. Request debt validation from the bank.
- Request validation per the Fair Debt Collection Practices Act.
- Ask the bank to provide full validation under the law, to include copies of completed and signed documentation indicating you have a contractual obligation to pay.
- Per the Fair Credit Reporting Act, any debt which cannot be properly validated may not be reported to a consumer reporting company.
- Failure to remove inaccurate information will be documented as a violation of the Fair Credit Reporting Act for the purpose of pursuing legal remedies under consumer laws.
3. Negotiate a pay for deletion. The bank or credit union may be open to negotiating a pay off to clear your records. If they will not agree to remove you from ChexSystems, ask the bank to update the information in ChexSystems indicating that the debt has been paid. Be sure to keep copies of all the paperwork documenting the payoff.
4. Bankruptcy. If you have filed bankruptcy, ChexSystems will remove your records.
5. Make complaints. File complaints with one or several of the banking regulators:
- Office of the Comptroller of Currency (OCC)
- Consumer Financial Protection Bureau (CFPB)
- Federal Trade Commission (FTC)
- National Credit Union Administration (NCUA)
- Your State's Attorneys General Office
- Your State Banking Commission
How to get your ChexSystems report online
You are entitled to request a copy of your ChexSystems Report at your request, once every 12 months. However, due to the COVID-19 Pandemic, you can get your ChexSystems report online for free request 3 times per every two-week period.
