Second Chance Bank Accounts

Where Can You Get A No Credit Check Bank Account?

Finding a no credit check bank account is easier than you’re probably thinking it is. There are a lot of different places to track one of these down. In this post I want to show you where you can find them, both online and in your city, so that you’re able to get back to managing your finances properly.

Before we get to far into this discussion it’s important that you know that it isn’t necessarily your credit score that can prevent you from getting approved for a new account. The thing that banks are looking at is a list from a company called Chexsystem. This list has the names of people who have defaulted or had their bank accounts closed on them. Banks utilize this service to prevent themselves from offering accounts to people who are likely to default. This protects their credit score! If you happen to be on this list, it will only take a few years for you to be cleared, so it’s definitely not a permanent thing.

No credit check bank accounts can be found at most banks, but if you’re stuck on Chexsystem, things get a bit trickier. Compass Bank offers checking accounts to people in this situation, but you have to live near a Compass branch to be able to get an account. They only have branches throughout California and the Southwest.

What can you do if you live somewhere else? Try out your local banks. Not the big banks that are close to your home, but the smaller banks that are based in your area. These banks tend to be very community driven and are more willing to help out somebody from the neighborhood than any of the big national banks. You might not get fancy online banking apps with a small bank like this, but you’re definitely going to get a cheap place to keep your money!

If you aren’t able to get an account through a local bank or Compass, I recommoned checking out Vision Premiere. There is a banner just to your right that can help you get started.

They offer some of the lowest rates among alternative banking options, and are a leader in providing second chance bank accounts. If you don’t have direct deposit for your paycheck you can expect to pay around $10 a month in fees, but if you do have direct deposit that fee is cut in half. You’ll also get online banking, a debit card, overdraft protection, fraudulent purchase protection, and a ton of other great features.

There are other companies that offer similar packages, and the most notable is Rush Card. It’s a good idea that you check all of these out before signing up for anything, but you will probably come back to Vision Premiere since they offer the most features for the least amount of money.

The biggest advantage that bank accounts like these have is that you’ll be instantly approved. All you need is a valid Social Security number to get your account open. They don’t check your credit, Chexsystem, income, or anything else. If you need a bank account right now, this is the way to do so.

There are a lot of no credit check bank accounts, but if you’re struggling to get an account open it probably isn’t your credit that’s holding you back. Check out the options discussed here to find something that suits your needs. Financial management is one of the cornerstones of our lives, and without a bank account you’ll be stuck with check cashing, which is probably the worst way to manage your money!

No related posts.