Banking

20 Banks That Don&039t Use ChexSystems for 2022

Best Banks That Don't Use ChexSystems of 2022 ; Axos Bank. Axos Bank ; TD Ameritrade. TD Ameritrade ; Langley Federal Credit Union. Langley FCU ; FSNB. FSNB ; United 
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Albert

With Albert, there is no minimum deposit requirement to open an account. All funds are insured up to $250,000 through federally backed FDIC protection.

You get a free Mastercard debit card that you can earn cashback rewards with. Got a question related to personal finances? Use Albert’s ‘Ask a Genius’ feature on their app, which is available 24/7.

Axos Bank

Axos Bank is an online bank that offers no monthly maintenance fees, full reimbursement for fees incurred while using any ATM in the US, and some pretty competitive cash back rewards.

Axos has zero overdraft fees for people who spend more than what is in their checking account.

If you are looking for a checking account with no fees, Axos Bank is a strong choice.

TD Ameritrade

TD Ameritrade offers a brokerage account with a comprehensive cash management checking account. As a client, you get unlimited check writing. Once you open the brokerage account, you can complete the checking account application online.

A Cash Management account also gives you access to free online bill pay, as well as a free debit card with nationwide rebates on all ATM fees. In addition, there are no monthly fees if you maintain a $100 minimum daily balance. However, it’s important to note that a TD Ameritrade checking account is not FDIC-insured or bank guaranteed.

To qualify for Navy Federal Credit Union membership, you must be an active-duty or retired member of the military, which includes the Armed Forces, National Guard, Coast Guard, and the Department of Defense.

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If this sounds like you, then NFCU could be a great choice because they don’t use ChexSystems or Early Warning Services (EWS). Plus, there is a free checking account option with no minimum balance requirements and no monthly service fee with a qualifying direct deposit.

SoFi

The SoFi Checking and Savings account has no overdraft fees, no minimum balance fees, and no monthly fees. Plus, it offers 55,000+ fee-free ATMs within the Allpoint® Network. Similar to Chime and Current, you can get your paycheck up to 2 days early when you set up direct deposit.

You’ll also get a 1% APY on your checking and savings accounts and up to 15% cash back at local establishments with your SoFi debit card.

Langley Federal Credit Union

Langley FCU is another credit union that doesn’t use ChexSystems. They are located in Virginia, but membership is open to customers in all 50 states.

You must first open a share savings account with a minimum deposit of $5 before you can open a checking account. There are no minimum balance or monthly service charges. In addition, they offer free online and mobile banking, free online bill pay, and access to 55,000+ Allpoint ATMs Nationwide.

Account-holders can also get paid up to 3 days early with direct deposit.

FSNB

FSNB (formerly Fort Sill National Bank) doesn’t use ChexSystems, and you don’t have to be in the military to apply.

The Basic Checking account has a $5 minimum deposit, and you need a daily minimum of $75; otherwise, you’ll be charged a fee of $5.50. In addition, account-holders get a Visa CheckCard and free online banking services.

Renasant Bank

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For people residing in Alabama, Florida, Georgia, Mississippi, and Tennessee, Renasant doesn’t look at your ChexSystems report, EWS, or Telecheck.

However, you won’t be eligible if you owe any money to the bank. Account-holders also get a Mastercard debit card. All Renasant Bank checking accounts require a $50 minimum deposit, and you’ll be charged $7.50 each month unless you maintain a balance of $500 or more.

United Bank

United Bank doesn’t use ChexSystems, but there are only locations in Maryland, Ohio, Pennsylvania, Virginia, West Virginia, and Washington, DC. You can open an account with a $50 minimum deposit. There is no minimum balance requirement or monthly fees.

You can also upgrade to rewards checking, where you earn cashback rewards and discounts on movies, theme parks, and prescriptions. It’s only $10 a month, or you can have the fee waived if you reach 15 purchase transactions monthly or have a minimum of $500 in regular deposits.

Varo Bank

Varo Bank is an online-only bank that doesn’t use ChexSystems. So you can open a new checking account without worrying about the bank running your ChexSystems report. Varo requires no minimum deposit and has no monthly fees. Account-holders also get early access to direct deposit payments. Direct deposits usually post on the same day they’re received.

Varo Bank knows that just because you need second chance banking doesn’t mean you want sub-standard service. Your account comes with a free Visa debit card, access to over 55,000 Allpoint ATMs, and free paper check mailing.

1st Convenience Bank

1st Convenience Bank is a branch of 1st National Bank Texas, and it’s only available in Texas, New Mexico, Arkansas, and Arizona. The bank doesn’t use ChexSystems to determine who can open an account.

You’ll need a minimum deposit of $20 to open a new checking account. And the bank does charge a monthly maintenance fee. However, you can avoid all monthly fees if certain conditions are met.

Huntington National Bank

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Huntington has locations in Arizona, Colorado, Illinois, Indiana, Michigan, Minnesota, Ohio, South Dakota, and Wisconsin.

Huntington bank does use ChexSystems, but you can still qualify for a checking account as long as you don’t owe the bank any money. However, applicants with an EWS record may not qualify.

For Huntington’s basic account, there is no minimum opening deposit and no minimum balance requirement.

US Bank

U.S. Bank’s Easy Checking Account is a great option for anyone trying to deal with the fallout of a negative ChexSystems report. When setting up the checking account, account holders will receive a free U.S. Bank Visa debit card and use of the mobile app.

If you have combined monthly direct deposits totaling $1,000 or more, U.S. Bank will waive the $6.95 monthly maintenance fee. U.S. Bank is accessible to banking customers across the U.S.

BancorpSouth

BancorpSouth offers several checking accounts that don’t use ChexSystems, including My Way Checking. This account comes with the basic features you’d expect, like a free debit card, online banking, and bill pay.

You can open an account with a minimum deposit of $50. And you can get the monthly fee waived by meeting certain requirements.

GoBank

GoBank is a good option for anyone looking for an online checking account that doesn’t use ChexSystems. With this checking account, account holders can avoid its monthly fee of $8.95 with a $500 direct deposit.

Plus, GoBank offers free access to 42,000 ATMs. And the bank gives its customers access to a wide variety of budgeting and money management tools.

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