If you recently applied for a checking account and were denied because of a negative banking history, you’re not alone. Approximately 85% of banks in Colorado use a company called ChexSystems when you apply for a new checking account. If you have experienced several overdraft checks from another bank or have been unable to pay overdraft fees, ChexSystems will flag that behavior making it next to impossible to find a bank willing to work with you.
Granted, ChexSystems is the safety net for bank institutions to weed out people who have committed fraud or identity theft, but if you get caught in the net it can be crippling. And most of us absolutely require the use of a bank checking account to manage our money, pay bills, and receive direct deposits from an employer or government agency.
Fortunately, some banks and credit unions offer so-called No ChexSystems Checking Accounts and/or Second Chance Checking Accounts to help people rebuild their credit and financial histories. Our job at checkingexpert.com is to find those institutions in Colorado that can assist you.
List of the Best Second Chance Banks and Credit Unions in Colorado

The account is loaded with features and has no minimum balance requirements or monthly service charge. Simply stated, the BBVA Online Checking account has a combination of features no other bank can match. These include:
- NO ChexSystems
- NO monthly service charge
- NO monthly account balance minimums
- NO fees at over 64,000 Allpoint® and BBVA ATMs worldwide
- FREE award-winning mobile app (one of the best we’ve reviewed)
- FREE Visa® debit card you can personalize with your favorite photo
- FREE online banking, bill pay, and mobile deposits
- FREE money transfer to and from any email or mobile phone in the U.S. via Popmoney®, Venmo®, and other instant transfer services
- FREE dedicated team of mobile bankers you can contact via text, email, or phone
- FREE cash back rewards for everyday debit card purchases with Simple CashBack
- FREE unlimited check writing
- FREE Visa Zero Liability protects you against fraudulent purchases made on your debit card
- BBVA USA, member FDIC
It’s simple to apply. The BBVA website is simple and easy to interact with. There is a $25 minimum deposit required to open an account. Your online approval is immediate. BBVA is one of the most friendly banks for those who need a second chance at a checking account. The entire process from start to finish takes about 3 minutes.
Your BBVA Visa Debit Card allows you access to all BBVA ATMs and Allpoint ATMs. Allpoint ATMs can be found at these retailers and many more:

Another perk that makes this account stand out is that if you use direct deposit for paychecks from your employer, you can access that money two days sooner than you could with many other banks.
Though Chime doesn’t offer paper checks, users can still send checks to anywhere in the U.S. using the bank’s mobile app — which can also be used for making check deposits on the go.
Open a Chime account today!

In order to open your own account with Bank of the West, visit any one of their locations to get started. By paying just a $12 monthly service charge, you’ll have access to a wide variety of benefits including:
- Online banking access
- Unlimited check writing
- Bill Pay services
- Unlimited access to Bank of the West ATMs
Bank of the West has over 70 locations throughout Colorado including in the Cities of Aurora, Denver, and Superior to help assist with rebuilding your finances.
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To get started, a $50 minimum opening deposit along with a $5 monthly maintenance fee with a qualifying direct deposit is required. Once you’ve opened your account, you’ll gain access to a wide berth of benefits including:
- Free e-statements
- Free Visa debit card
- Free bill pay
- Free mobile deposit
BOK Financial offers several locations throughout the state including in the Cities of Denver, Aurora, and Boulder to help serve your financial needs.

Deposits to your account can be made through mobile check deposit, direct deposit or by adding cash through participating retailers for a small fee. If you direct deposit over $500, your monthly maintenance fee of $8.95 is waived.
Account holders appreciate the ability to budget their money with the help of a mobile app, budgeting tools and a savings vault. There are many participating retailers, including Walgreens, CVS and Kroger.
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GTE Financial is one of the largest credit unions in the US. Membership is open to anyone through easy requirements and an online application process. The Go Further account includes:
- Free EMV-equipped debit card with built-in rewards
- Online and mobile banking tools
- Free bill pay service
- Easy money transfers through the Popmoney service

Both account options come with a free NFCU debit card. There is no monthly service fee with direct deposit. Your account is protected from overdrafts with free savings transfers, a checking line of credit or an optional overdraft protection service. You also receive:
- Free mobile deposits
- Free bill pay
- Free traditional name-only checks
- Dividends credited monthly

Once these requirements are met, you may proceed with opening your TLC Checking account. With only a $10 monthly maintenance fee and a $100 minimum opening deposit, you’ll gain access to all of the following benefits:
- Unlimited check writing
- Online and mobile banking
- Free e-statements
- Free bill pay
NuVista Federal Credit Union has convenient locations in Montrose and Gunnison to help get your finances back on the right path.

Second Chance Checking offers easy direct deposit to save you time and money by eliminating the check cashing process. Your access to your money is simple through a Peoples Cash Solutions debit Mastercard. Other convenient features include:
- Online banking
- Online money transfers
- Online bill pay
- A personal checkbook
- ATM access
You can apply online with a $30 minimum deposit. There is a monthly maintenance fee of $4.95 for Second Chance Checking through Peoples Cash Solutions.
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All you need is a $10 minimum opening deposit. After that, you have no minimum balance requirements. There is a monthly service charge of $9, but you can apply for a free checking account after 12 months of positive banking history.
You can easily apply online for all Radius banking services. Essential Checking comes with:
- Free MasterCard® debit card
- Free mobile banking with check deposit
- Free online banking with bill pay
- No minimum balance

SoFi will even pay you through a high-yield interest rate on your checking balance. If you sign up for SoFi Money and make two direct deposits of at least $500 each, SoFi will give you a $50 cash bonus.
The sign up process takes only a few minutes because SoFi does not use ChexSystems to approve accounts. After opening your account, you receive a SoFi debit Mastercard for use anywhere Mastercard is accepted. The easy-to-use mobile app keeps you in control of your money and offers bill pay, money transfers and educational services.
Learn More

To get started opening your Base Account, visit your local branch today. Upon opening, your Base Account with TCF Bank will provide you with all of the following features and benefits:
- No overdraft fees
- Online banking
- Free e-statements
- Free bill pay
TCF Bank has locations in and around both the Denver and Colorado Springs area for your financial convenience.

To open an account, simply visit your local UNIFY Financial Credit Union to get started. Once opened, your new Right Start Checking account comes with the following benefits:
- No monthly maintenance fee
- No minimum balance
- Online banking access
- Overdraft protection
UNIFY Financial Credit Union has a branch conveniently located outside of Denver in Aurora to help you rebuild your financial history today.

To get started, visit your nearest US Bank branch to open your own Safe Debit Account today. Once opened, your new account will have access to all of the following features and benefits:
- Mobile check deposit
- Bill pay services
- Online and mobile banking access
- Free Visa debit card
US Bank has locations throughout Colorado including in the Cities of Denver, Colorado Springs, Boulder, and Aspen to help assist you with all of your financial needs.

When you open an account at Varo you can do so with no initial deposit. Plus, there are never any monthly maintenance fees, foreign transaction fees, transfer fees, or debit card replacement fees.
Finally, if Varo receives a payroll notification before your payday, it can deposit your money more quickly than many banks.
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With relaxed CheckSystems requirements, you’ll find it is easy to open an Online Rewards account. All you need is a minimum deposit of $10 and an online application. There is no minimum balance requirement, but there is a $14.95 monthly fee. After a year of good standing, you can convert your account to a free checking plan.
With Online Reward Checking, you have access to:
- A free Mastercard EMV debit card
- Free online banking and bill pay
- Free budgeting tools
- Free mobile banking
- Mobile deposit after 3 months of direct deposits
- Free eStatements

There is a $5 monthly fee, but that is be waived for account holders 24 years old and younger. This account is available to residents in all 50 states.
- The largest number of branches in the U.S.
- Minimum deposit of $25 to open an account
- Online bill pay and smartphone app
- Mobile check deposit
- Includes a Visa debit card
- Send and receive money through Zelle
- Additional features include account alerts, 24/7 fraud monitoring, and zero liability protection for your debit card
Did we leave your financial institution off this list? Has there been a change in any of the listings? Please let us know.