Some banks look at the credit history of their customers before granting them the ability to open a checking account. Some banks run a credit check through one of the major credit bureaus: TransUnion, Experian, or Equifax.
Other banks will dig deeper by turning to a company called ChexSystems. This company identifies your history with overdrafts, bad checks, and account freezes. Additionally, banks will look at check fraud, negative balances, and excessive withdrawals through Early Warning Systems (EWS). If you find yourself blacklisted by one of these companies, getting a bank account can seem impossible.
The good news is that you can still open a free online bank account with no credit check, no monthly fees, or minimum balance requirements. These no credit check bank accounts give you all the checking account features you need and deserve without the exorbitant fees many big banks impose.
Winners: Best Banks For Those With Bad CreditOpen an account today!
Want A Local Bank or Credit Union? Here’s The List of Best Second Chance Banking in Every State.
Unfortunately, most major banks don’t offer second chance checking. However, many local banks and credit unions have them under various names, such as Opportunity Checking and Fresh Start Checking.
For over 7 years, we’ve compiled and updated the most comprehensive list of local, regional, and national banks and credit unions that want your business!