Many banks still run credit checks when you apply for an account. But what if your credit is not in great shape?
The truth is, you do not need perfect credit to open a checking account. Several banks do not run credit checks at all.
This guide is for anyone with bad credit, no credit, or anyone who wants to avoid a credit inquiry.
You will find a list of the best banks with no credit check and simple tips to help you choose the right one.
7 Best Banks With No Credit Check
If you are looking for a bank that will not check your credit, you have several great options. Here are some of the top choices to consider.
1. SoFi
Features & Benefits
- Sign-up bonus up to $300 with qualifying direct deposits
- No monthly fee
- Earn up to 3.80% APY on savings
- Over 55,000 fee-free ATMs
2. Current
Features & Benefits
- Build credit with your debit card purchases
- Overdraft up to $200 with Overdrive
- 40,000 fee-free Allpoint ATMs in the U.S.
- Get paid up to two days faster
3. Stash
Features & Benefits
- Earn stock rewards with every purchase
- Access banking and investing in one app
- No monthly fees or minimum balance
- Tools for budgeting and saving
4. Chime®
Features & Benefits
- Over 22 million downloads
- Build credit with a secured card
- No minimum opening deposit
- Over 60,000 fee-free ATMs
5. GO2bank
Features & Benefits
- 4.50% APY on savings
- Free access to over 19,000 ATMs
- $5 monthly fee can be waived
- Poor credit accepted
6. Upgrade
Features & Benefits
- Earn up to 2% cash back on everyday expenses and subscriptions
- Get paid up to two days early with direct deposit
- No overdraft fees
- Earn up to 4.02% APY with Performance Savings
7. Varo
Features & Benefits
- Earn up to 5.00% APY on savings
- No monthly fees or hidden charges
- Early direct deposit up to two days faster
- Helpful budgeting and savings tools
What Does “No Credit Check Bank” Mean?
Banks with no credit check will not pull your credit report when you apply for an account. This means there is no hard inquiry involved in the approval process.
Why does this matter? Opening a bank account will not affect your credit score, even if you have past credit problems or a limited credit history.
Do These Banks Check ChexSystems?
A credit report is not the same as a ChexSystems report—each tracks different types of financial activity.
A credit report shows your history with loans, credit cards, and other debts. It is maintained by the three main credit bureaus: Equifax, Experian, and TransUnion.
ChexSystems is a separate system that tracks your banking history, including overdrafts, unpaid fees, and account closures.
Some banks with no credit check may still use ChexSystems to review your banking history. Fortunately, the ones we’ve listed above don’t use ChexSystems at all.
Who Should Consider a No Credit Check Bank?
A no credit check bank can be a smart choice for many people, including:
- People with bad credit or no credit history: If your credit report has negative marks, a no credit check bank can give you access to a checking account without worrying about approval.
- People trying to rebuild credit: Starting fresh with a new bank account can help you manage money more effectively while you work on improving your credit score.
- Recent immigrants or young adults with limited credit files: If you do not yet have a U.S. credit report, a no credit check bank allows you to open an account and build your financial foundation.
- Anyone who wants to avoid unnecessary credit inquiries: Even if you have good credit, you may want to limit inquiries to protect your credit score. A no credit check bank helps you do that.
How to Choose the Right No Credit Check Bank
Choosing the right bank depends on what matters most to you. Here are some key features to compare:
- No monthly fees: You should not have to pay just to keep an account open.
- No overdraft fees: Many banks now offer overdraft protection with no penalty charges.
- Early direct deposit: This lets you get paid faster and access your money sooner.
- Strong mobile app: You will likely manage your account through an app, so it should be easy to use and reliable.
- Ability to build credit: If you want to improve your credit score, look for an account that offers tools to help you do that.
- FDIC insurance: Always choose a bank that offers FDIC insurance to protect your deposits.
Compare the options listed above and pick the one that fits your financial needs.
Are There Any Downsides to No Credit Check Banks?
Banks with no credit check offer plenty of advantages, but there are a few potential trade-offs:
- Often online-only: Many do not have physical branches, so you will manage your account through an app or website.
- Limited features: Some accounts may not offer traditional services like cashier’s checks or business banking.
- Possible cash handling fees: Some banks charge fees for depositing or withdrawing cash at certain ATMs or retailers.
Always review the bank’s fee schedule and features before opening an account.
How to Open an Account With No Credit Check
Opening a bank account with no credit check is simple. Here is what to expect:
- What you will need: A government-issued ID, Social Security Number or ITIN, and proof of address (requirements vary by bank).
- Application process: You can usually apply online in five to ten minutes.
- After you apply: Most banks approve your account quickly. Since there is no credit inquiry, applying will not impact your credit score.
Once your account is open, you can fund it, set up direct deposit, and start using it right away.
Final Thoughts
Having less-than-perfect credit should not stand in the way of opening a bank account. Today, there are many good options that do not require a credit check.
Whether you want to manage everyday expenses, start building credit, or simply keep your money safe, you can find an account that fits your needs.
Compare your options and choose the account that helps you move forward financially. A better banking experience is well within reach.
