Online Checking Account No Chexsystems – Top 7

Have you ever tried to apply for a credit card and been denied because your credit score was too low? Or applied for a car loan and received multiple letters from other banks and credit unions shortly after telling you why you didn’t qualify? Every financial institution has minimum requirements that they expect applicants to meet for them to allow you to take out a loan, use one of their credit cards, or even qualify for a checking account. They determine the requirements based on the type of customer they want to serve, history from existing customers, and the financial impact of losses.

While creditors use your credit score to determine eligibility for a loan, a vast majority of banks use a consumer credit reporting agency called ChexSystems to review your banking history and to determine your eligibility for a checking account.

How ChexSystems Affects Your Ability to Get a Checking Account

The standard process to open a checking account includes you providing your personal information to your bank. After receiving your information, they start to process your application by running your data through ChexSystems. The ideal situation is not to be listed in the ChexSystems records at all. Not being listed in ChexSystems means that you have not made mistakes with your past or current banking accounts. If you have made mistakes, these could be as simple as over-drafting or bouncing checks. Making these mistakes sends information to ChexSystems, giving you a score similar to a credit report. Making it hard to open a savings account with bad credit. You may like our guide on how to get a hold of a live person on this post Chexsystem customer service.

Similar to the creditor looking at your credit score for a loan, the bank will look at your ChexSystems score and determine eligibility to bank with them. A high score could result in a denial of an account.

What Does it Mean to Have an Online Checking Account?

Most financial institutions give their customers online access to view their personal and business accounts by logging in on the computer via the internet or on a mobile device. A majority of banks have online options and physical locations to complete transactions. There are other banks, though, without buildings that work solely through internet platforms. See our post on banks that don’t use chexsystems.

The Pros of Online Accounts

  • You have easy access to view your account balances and place transactions. With most online banking platforms, you can transfer money between accounts, pay bills, view electronic statements, and more.
  • Some banks have features that allow you to shut off your debit and credit cards when you won’t be making transactions or if you lose your cards.
  • Sometimes there are fewer fees if the online bank account doesn’t have a lot of overhead costs from physical locations.

The Cons of Online Accounts

  • Identity theft is already a significant issue; having an online account gives hackers one more reason to access to steal your information. Although having your information online poses risks, most banks incorporate robust security features to limit these problems.
  • If your checking account is online-only, then it gives you limited to no access for in-person assistance and makes it more difficult to deposit cash.

7 Online Checking Accounts Without ChexSystems

It can be hard to find a checking account that gives you second chance banking options, and doesn’t use ChexSystems, read through our top 7 picks for some options.


BBVA is a bank that operates 649 physical branch locations across the United States. It is ranked in the top 25 largest U.S. commercial banks based on their deposit market share. They stand for creating opportunities for every individual and company no matter where you are.

They offer an online checking account no ChexSystems called the Online Checking account.

Account Features

  • Free online and mobile banking, including mobile deposit and bill pay
  • Free VISA debit card
  • Sign up for transaction alerts with their mobile banking app
  • Earn cash back just by using your debit card

Account Fees

  • Open deposit of $25 required
  • No monthly fees
  • Paper statements cost $3 but can we waived by enrolling in electronic versions

2. Chime

Chime is just one of many second chance bank that prides themselves with protecting their members and helping them get ahead. They don’t push products to make a profit off of you; they make a profit by working with you. Whenever you use your debit card, they earn a profit from VISA. And Chime happens to be one of the best banks for bad credit.

Chime doesn’t care about your banking history; they offer an online checking account no ChexSystems called the Spending account.

Account Features

  • Save money as you spend, they round each transaction to the nearest dollar and move it to your savings account.
  • You can instantly disable purchases occurring on your debit card.
  • Debit card replacement is free
  • Easily set up your Chime debit card with mobile pay
  • Receive your direct deposit up to 2 days earlier
  • Withdraw cash for free from 38,000 + ATMs

Account Fees

  • No overdraft fees with SpotMe if you meet eligibility requirements
  • No monthly fees
  • No minimum balance requirements

3. Radius Bank

Radius Bank is committed to providing outstanding products and services to help its clients meet financial goals and by giving back to the community.

Radius Bank offers an online checking account no ChexSystems called the Essential Checking account to those with a poor banking record.

Account Features

  • FDIC-insured
  • They use 256-bit encryption to ensure your data is protected
  • Eligible to upgrade to a Rewards Checking account after 12 months of positive banking history
  • Online banking features including mobile money management for bill pay, paying other people, depositing checks, and more
  • Take advantage of their financial dashboard to learn how to budget, track spending, and other tools.
  • Limit of $500 on daily debit purchases
  • Limit of $1,000 per day, $2,000 per 10 days for mobile check deposits

Account Fees

  • $9 monthly service charge

4. SoFi

SoFi strives to help people find their ambitions and reach financial independence. They want their members to get to the point where their money works for the life they want to live.

SoFI Money offers a cash management account; they are not a bank, so they do not use ChexSystems.

Account Features

  • Access to mobile banking to complete photo check deposits, transfers, and talk with customer service.
  • Receive exclusive member benefits for events, experiences, financial planning, career services, and member rate discounts.
  • Earn interest on all of your money with qualifying direct deposit of $500 or more a month
  • Earn cashback when you spend
  • No ATM fees at 55,000 + locations

Account Fees

  • There are no hidden account fees.

5. Varo Bank

Varo Bank sells its services as a new way to bank for everyone. They strive to get you your money faster, eliminate fees, and save more money. See how to open a bank account online with no deposit and bad credit.

Varo’s bank account is an online bank account that does not use ChexSystems.

Account Features

  • Send money instantly to anyone who has Varo
  • Get paid up to 2 days early with direct deposit
  • Have access to lock transactions on your debit card in your mobile app
  • Connect your card to mobile pay
  • Sign up for notifications that alert you of deposits and transactions
  • Able to deposit cash at 90,000+ retail locations
  • No fees at 55,000 + ATM locations

Account Fees

  • No minimum balance requirements
  • No banking fees
  • There may be retail fees for depositing cash.

6. Peoples Cash Solutions

People’s Cash Solutions is an online bank all about giving people a second chance. They offer a Second Chance Checking account and do not use ChexSystems or your credit score to determine eligibility.

Account Features

  • Free Debit Mastercard
  • Receive a free checkbook
  • Access to online and mobile banking
  • Free paper account statements
  • Access to customer support for free

Account Fees

  • $4.95 monthly service charge
  • No minimum balance requirements
  • No fees for check writing

7. Go Bank

Go Bank is an online bank account brand created through Green Dot Bank. They provide people with quick and simple online access to a variety of features.

Account Features

  • They offer an extensive free AMT network; you can use your app to find one nearby
  • Receive direct deposits up to 2 days before payday
  • Deposit cash at over 100,000 retailers nationwide
  • Take advantage of their online bill pay feature
  • Send or receive money through the app
  • Pay with personal checks out of your account
  • Direct deposit checks with mobile deposit
  • Save money into a “money vault” for safekeeping
  • Use their “fortune teller” feature to keep you within your budget

Account Fees

  • $4.95 per cash deposit transaction
  • The monthly fee is $8.95 unless you make a qualifying direct deposit totaling $500 or more a month
  • No other monthly fees

After reviewing the list of second chance banks that don’t use ChexSystems, you now have some options. If you want to see more second chance banks in your state, then check out my post on second chance checking near me. Do you want to get ahead financially as quickly as possible? Start with a bank account, review what works best; you need to open a checking account to manage your money. See my recent post here on how to get removed from Chexsystems and what you need to know about Early Warning Services.

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