Have you tried to open a checking account in Colorado, but can’t get approved? It’s probably because you have a negative listing in ChexSystems. Most banks in Colorado use ChexSystems to review your banking history.
Fortunately, you still have options. There are several banks that don’t use ChexSystems during the application process, and others that offer second chance checking.
Non-ChexSystems & Second Chance Banks in Colorado
Take a look at this comprehensive list of banks and credit unions in Colorado that either don’t use ChexSystems, or offer second chance checking accounts.
The Rewards Checking account from Axos Bank is an excellent choice for those looking for a bank account with no monthly maintenance fees, unlimited domestic ATM fee reimbursements, and cash back rewards.
With this account, you can earn up to 1.25% APY and enjoy up to a $100 Welcome Bonus. Additionally, you’ll have access to unlimited free mobile deposits and your funds will be FDIC insured up to $250,000.
There are no overdraft fees or non-sufficient fund fees to worry about, and no minimum balance requirements.
All you need is a $50 deposit to open the account, and Axos Bank doesn’t use ChexSystems or pull your credit report to open your account.
5Star Bank does use ChexSystems to review checking account applications, but you may be able to get approved if you meet certain conditions.
For example, you may get approved if you don’t have any records over $200 and the incident occurred more than six months ago.
You also can’t have any instance of fraud on your ChexSystems record. Signing up for direct deposit can also help your chances of getting approved with this bank.
There are three accounts you can choose from E-checking, Military Checking, and 5Star Checking. The most basic option is E-checking, which requires a $50 opening deposit but no monthly or annual maintenance fees.
You’ll receive a debit card and will need an approved credit score to qualify for overdraft protection.
5Star Bank has three branch locations in Colorado Springs, plus multiple ATMs.
Aspiration’s Spend & Save Account is a hybrid checking and savings account that is entirely online. There’s a $10 minimum opening deposit to get started.
With an Aspiration debit card, you get unlimited fee-free withdrawals at over 55,000 ATMs and one out-of-network ATM reimbursement per month. You can also get paid up to two days early with direct deposit.
You can earn up to 5.00% APY when you spend $1,000/month and deposits are FDIC insured.
BOK Financial uses ChexSystems for new accounts. However, they offer an Opportunity Banking account to help you get a second chance.
There’s a monthly fee with this option, which is $9.95 if you enroll in direct deposit, or $14.95 if you don’t. You get a debit card as well as online and mobile banking, and bill pay.
In addition to a large ATM network across the country, you can also request one overdraft fee refund each year.
The minimum opening deposit is $50. To save a monthly paper statement fee of $1.50, you can also switch to e-statements for free.
After you’ve managed your account well for a year, they could approve you for an upgraded checking account.
Instead of referencing ChexSystems during the application process, Equitable Savings and Loan Association instead pulls a credit report. There are three different personal checking accounts available: Checking with Interest, Freedom 55 Checking, and Value Checking.
The Value Checking option requires a $100 minimum opening deposit, but there’s no monthly fee. It includes some free services, including both an ATM card and a MasterCard debit card.
You also get free bill pay and e-statements. There are a few restrictions, including a $0.06 charge for each check you use after the first 50 checks.
Equitable Savings and Loan has multiple branch locations in Colorado. These include Akron, Brush, Burlington, Fort Collins, Fort Morgan, Julesburg, Limon, Sterling, Wray, and Yuma.
Liberty Savings Bank has a second chance checking account called Clean Slate Checking. To qualify, you can’t have more than three reports in your ChexSystems record.
There is no minimum balance requirement, and you’re eligible for a regular account after 12 months.
The account comes with a free debit card with access to 55,000 AllPoint surcharge-free ATMs. You also get free online and mobile banking, and you can write an unlimited number of checks per month.
Metrum Community doesn’t advertise a second chance checking account, but you may be able to get one if you ask in person.
This is a bit more cumbersome than a simple online application. However, it may be worth it if you’re having difficulty finding a Colorado bank to approve you for a checking account.
To qualify for membership, you have to live or work in Centennial, Colorado or be employed by one of the partner organizations.
Alternatively, you can qualify if a family member is already a member. When opening your account, you’ll need to deposit $25 into your share account, which is standard for credit unions.
There are two branch locations, one in Centennial and one in Denver. You can also use Metrum Community’s co-op of shared branches.
At NuVista Federal, you may qualify for The Last Chance Checking account. To get started, you’ll need an opening deposit of $100. While that may seem steep, the monthly fee is a modest $10 and you don’t have to maintain a minimum balance moving forward.
You also won’t be subject to per item charges, plus you receive unlimited check writing. Additional perks include free direct deposit, bill pay, and e-statements.
NFCU has locations in Montrose and Gunnison, Colorado. To become a member, you simply need to live, work, worship, or go to school in one of the following counties: Montrose, Gunnison, Ouray, or San Miguel.
If you’re eligible, you can become a member by opening a share account with a $25 deposit, which you must maintain. You can apply online or in one of their branches.
UNIFY Financial doesn’t use ChexSystems to screen new applications. They offer four different checking accounts: Free Checking, Right Start Checking, eChecking, and Premier Checking.
There’s a $25 minimum opening deposit. Each checking account comes with a free Visa Debit Card, free check writing, and free access to online and mobile banking.
You could qualify for a checking account with White Crown even if with a history in ChexSystems, as long as any owed amounts are paid and you don’t have any record of fraud.
The Free Checking account comes with 50 free checks and unlimited check writing abilities. Plus, you’ll receive a free MasterCard debit card, giving you plenty of flexibility in how you pay for things from your checking account.
If you sign up for direct deposit, you could also qualify for overdraft protection up to $750. As with most checking accounts today, they also offer free services such as online banking and bill pay.
Located in Denver, Colorado, membership to White Crown is open to anyone who lives, works, or worships in the downtown Denver area.
There’s also a long list of partnering employers. You can also qualify if you work at any of those or if you’re a family member who is already a member.
Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.
1. Out-of-network ATM withdrawal fees may apply with Chime except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
2. Early access to direct deposit funds depends on the timing of the submission of the payment ﬁle from the payer. Chime generally make these funds available on the day the payment ﬁle is received, which may be up to 2 days earlier than the scheduled payment date.
7. To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or beneﬁts payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, veriﬁcation or trial deposits from ﬁnancial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.
Non-ChexSystems Banks by State
Looking for more information and additional options available in your area? Select your state from the list below to find out all your options for banking.
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- Washington, DC
- West Virginia