Still being denied bank account access despite trying to get a second chance bank account? You’re not alone – a whopping 7% of Americans have no bank account and must limp along with prepaid debit cards and money orders in a world that is increasingly hostile to both.
If you haven’t had success with the previous list of second chance bank accounts on our website, here are some more that are worth a try. These are, again, banks that don’t use ChexSystems to make account approval decisions – so unless you’ve committed some serious fraud, you should be able to get a bank account and start regaining control of your life.
More Banks That Do Not Use ChexSystems
TD Ameritrade is an investment brokerage firm that allows you to open an investment account, then create an associated Checking Account without a ChexSystems report. Make sure you open the brokerage account first, then add the checking account.
This account has the following requirements and advantages:
- Varying opening deposit
- Free transfers between Ameritrade accounts
- Free debit card
- Free bill paying online
- Unlimited check writing
Fees are as follows:
- No monthly maintenance fee
- No ATM fees
- Other fees not readily available but you can expect standard rates for NSF, overdrawn accounts, returned checks, and so on.
Southwest Financial Federal Credit Union offers a Checkless Checking account for Texas based residents. It’s perfect for individuals who can’t qualify elsewhere due to ChexSystems or TeleCheck reports
This account has the following requirements and advantages:
- Required savings account
- Free debit card
- Free bill paying online
- Unlimited check writing
- Optional overdraft
- Mobile banking
- eStatements
Fees are as follows:
- NSF / courtesy pay fees: 1-2 $1 each; 3-12, $30 each;13+, $35 each
- No ATM fees
- No monthly service fees
United Bank offers Gateway Checking and has limited locations in Maryland, Ohio, Pennsylvania, Virginia and Washington, D.C. They don’t offer a debit card, have strict rules about overdrafts, and require you to submit your account for upgrade consideration after 6 months if you qualify.
This account has the following requirements and advantages:
- $50 minimum deposit
- eStatements
- Online banking
- Mobile banking
Fees are as follows:
- $10 monthly maintenance fee
- $10 early account closing fee
- $4.95 / month for online bill pay
- $2 mobile check deposit fee
- $34 NSF fee (more than 2 in a month causes account to be closed)
Some other banks, such as Capital One and many small credit unions do run a ChexSystems report, but don’t use the existence of a report alone for denied bank account access. They will discuss your options with you and make a decision based on a variety of factors.