Banks That Don’t Use Chexsystems
Have you ever been denied a checking account? Or have you been called by your bank on some issues regarding your accounts? Take a look at these banks that dont use ChexSystems. Well, you should know that your bank reports every single piece of information about your banking habits to different bank consumer reporting operations. One of them is the ChexSystems. ChexSystems is a very large account consumer monitoring and reporting platform. It receives, screens, and produces information on your savings and checking account management. It has a big database used by financial institutions, banks, and credit unions to identify their strong customers. They also use it to determine if they will be a risk assuming a new bank account is permitted.
Top 5 Banks That Don’t Use Chexsystems
Whether it’s the insufficient fund’s transactions or many overdrafts that placed you in ChexSystems, here are top non-ChexSystems banks that can help you build up your bank history again.
Any US citizen at the age of 18 and above can practically open this online checking account. It is almost the same as a traditional checking account, only without the check writing. When you open any of the accounts, Chime will change your transactions by rounding it up to the nearest dollar, after which it will be transferred to your savings account. Get $75 When you use our link! “click here“
- Free visa debit card
- Access cash at 38,000 and free-fee ATMs
- Early payment with direct deposit
- No overdraft fee charge
- Free Checking Account
- No Monthly Fees
#2. SoFi Money
If you are one of those looking forward to saving a lot of money, SoFi Money is the right hook up, a non-traditional banking option too. One major benefit to this non-ChexSystems bank is that there aren’t any account fees attached. Every ATM fee is reimbursed and transfers are free of charge. You don’t even need any deposit to open your account.
- Very high-interest rate
- Automatic bill payment
- No cost P2P payments
- Free access to member benefits like financial advising and coaching
#3. BBVA Online Bank
BBVA gives a free checking account that makes use of Early Warning Systems (EWS) to confirm new accounts. Customers enjoy no service charges, as well as, no ATM fee with unlimited check writing. They also have the benefit of cell phone protection, insurance at a small fee, and identity theft restoration.
- Automatic deduction fee from other banks
- An open fee of $25
- Daily cash backs on debit cards
- Receive instant transaction alerts immediately with the Mobile Banking App.
#4. Varo Online Bank
This is another online bank with services from their mobile apps for Apple and Android devices. Varo gives a strong automatic savings program and budgeting tool for ease. You don’t need an initial deposit to open a Varo account. Also, there is no monthly transfer, maintenance, or debit card replacement fee.
GoBank is an internet option for your simple banking. You just need to purchase a GoBank starter kit to open an account. The starter kit is available at any partner retailer and you must be ready to pass through an ID verification. Any deposit to your account can be done directly, by adding cash through inside retailers at a small fee, or through a mobile check.
Conclusion On Banks That Don’t Use ChexSystems
A lot of people are aware of the No ChexSystems Banks, so they use the more difficult and expensive route that involves prepaid cards, payday loans, and check cashing fees. You can always get a good checking account with research and recommendations from reliable systems. It saves you a lot of cash and makes your life much easier.
Our Recommendation Is Chime Bank
We recommend you open a free bank account with Chime. As of today you will earn $75 after opening an account with them as long as you use our link ” click here” and have a qualifying direct deposit of at least $200 a month.
“This website contains affiliate links to products. We may receive a commission for purchases made through these links. Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.”