Trending September 2023 # 10 Best Bank Accounts For Bad Credit (No Deposits) Jul 2023 # Suggested October 2023 # Top 11 Popular |

Trending September 2023 # 10 Best Bank Accounts For Bad Credit (No Deposits) Jul 2023 # Suggested October 2023 # Top 11 Popular

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Best Online Banks with no Credit Check

Current is a mobile banking app founded in 2023 by Stuart Sopp. Its financial technology company helps people save their money in much a clever way. The banking services Current offers are provided by Choice Financial Group and Metropolitan Commercial Bank, Members FDIC. The Current Visa Debit Card is also issued by them only.


Current offers up to two days faster availability of your paycheck than the average direct deposit.

It is a specially designed app for parental supervision and money management.

It gives great cashback rewards

It gives certain parental features like instant transfer to your teen’s card, Notifications for all purchases, the Ability to block specific merchants, etc.

Supported platforms: Android and iOS.


It does not have any physical branches, only a mobile app.

Premium and Teen Banking both charge service fees

If you deposit cash, there is a $3.50 fee per transaction.

Key Specs:

Minimum balance: $0

Chime offers a mobile bank account and debit card without any credit check. There are no hidden charges and bank fees. Using this service, you will also get your paychecks up to 2 days earlier with a direct deposit.




Minimum opening deposit: $0

Monthly fees: $0

Minimum deposit: None

Minimum balance: None

Visit Chime


It helps you to transfer money, send and deposit checks and pay bills.

Chime gives you access to cash across 38,000+ fee-free ATMs.

It provides an optional savings account that can earn 0.50% (APY) on your savings.

No monthly service charge or overdraft fees.

It provides mobile deposits and transfers.

Direct deposits for paychecks offered for bank accounts for bad credit.

Daily balance updates on the mobile app and its website.


Not very convincing customer care support.

No physical branches, so customer service is only available through the app, phone, or email.

It does not take out of network ATM withdrawals.

Key Specs:

Minimum balance: None.

The NorthOne is a well-known bank that does not check your credit score to open a checking account. In this bank with no credit check, you can easily set up your checking account with various facilities. NorthOne USA bank also offers an active bank account for bad credit.




Minimum opening deposit: $0

Monthly fees: $10

Minimum deposit: None

Minimum balance: None

Visit NorthOne


It provides a facility for online banking, bill pay, and mobile deposits.

It offers cashback rewards for everyday debit card purchases and shopping.

No minimum deposit if you open an account in person at a branch location.

No monthly service charge is taken for bank accounts for bad credit.

This bank offers an automatic rebate of ATM fees charged by other banks.

It allows you to keep complete track of your purchases and get instant transaction alerts.

Robust mobile banking options for regular review of your banking history.

Good options for bad credit.

Cashback reward program on their website.


Not available in all the states.

ATM charge is taken when you perform a transaction out of the network.

Bank takes insufficient funds fee.

It charges a deposit item returned fee.

Key Specs:

Minimum balance: None.

Extra helps build your credit and enables you to earn reward points. It reports your transactions on the debit card at the end of the month as creditworthy payments to Equifax and Experian credit bureaus. It helps you to build your credit so take out lower-cost loans and qualify for the best rewards credit cards. It is compatible with most banks across the United States.




Minimum opening deposit: $0

Monthly fees: $149 per Year (Credit Building)

Minimum deposit: None

Minimum balance: None

Visit Extra


Easily build your credit.

You can keep your existing bank account

Instantly earn points for every purchase made. Get points for rideshare, coffee, or just paying your phone bill.

You will get 5x rewards points for every $1 spent

Provides an option for daily payments

Does not charge any predatory interest rates


You requires a bank account

Need to pay subscription fee

Key Specs:

Minimum Balance: None

Wise Business is one of the oldest and most trusted digital banks. This bank offers an instant online checking account for bad credit. It also offers different checking accounts, including a second chance checking account.




Minimum opening deposit: $0

Monthly fees: $10

Minimum deposit: None

Minimum balance: None

Visit Wise


Overdraft protection is available.

Option to open second chance savings accounts along with regular checking account.

It offers bank accounts for bad credit.

Offers online mobile banking.


Minimum $10 deposit to open an account.

No interest on checking accounts.

Daily limits on debit card transactions.

Key Specs:

Minimum balance: None.

FirstCitizensBank is an easy-to-use app that helps you pay down your credit card debt. It automates the system to analyze your spending habits to allocate unused funds and ensure your bills are paid on time. It offers bank-level security with 256-bit encryption and allows two-factor authentication for added security.




Minimum opening deposit: $50

Monthly fees: $0 when enrolled in paperless statements

Minimum deposit: None

Minimum balance: None

Visit FirstCitizensBank


It offers low APRs

It provides instant approval with no credit check.

You will get Instant approvals

It offers more credit as you grow

Build more savings faster

Adapts automatically as you go

Free Trial: Basic Checking Free


You need to pay a monthly fee

Only helps with credit card debt

Key Specs:

Minimum balance: None.

Visit FirstCitizensBank

7) Aspiration

Aspiration is an online financial company founded in 2013, which eliminates the traditional banking methods. Aspiration customers have a CMA, an account that allows you to manage cash, make payments, and earn interest. It even has its credit card, namely ZERO.


It gives a “pay what is fair” policy for basic membership, where you can decide what amount up want to pay; it can also be 0$.

Good cashback on your purchase up to 3-5%

FDIC insurance up to $2.5 million

Free Atm withdrawal within the network.


No physical branch

Only available to residents

Higher cashback earnings only available with Aspiration Plus

Higher APY only available with paid Aspiration Plus account

Out-of-network ATM fees are unclear

Key Specs:

Minimum balance: No minimum balance.

8) Sofi


Unlimited reimbursed ATM fees.

No hidden bank charges.

This bank offers a bank account for bad credit with cash bonuses.

High-yield interest rates without a credit check.

Easy P2P payments at no cost.

It allows you to freeze your debit card on the go.


Currently only available to US residents.

Does not provide 24/7 phone support.

Key Specs:

Minimum balance: None.

9) Discover

Discover is an online-only bank, so it does not have any physical location. It offers a full range of no deposit accounts for both checking and savings accounts. It helps you to open a bank account for bad credit. It offers an instant bank account for bad credit without a credit score check.


1% cashback on up to $3000 spent using debit cards.

So many ATMs are available across various cities.

This bank also provides free checking account with no credit check and no deposit.


High transaction rates.

Key Specs:

Monthly fees: $0.

10) Capital One

Capital One is a bank that offers bad credit checking accounts with many credit options. It includes fair credit cards, rebuilding bad credit, and no-deposit accounts.


More than 39,000 available ATMs.

Direct deposit and online transfers are allowed.

This bank offers a free checking account with no credit check and no deposit.

No balance or credit score is required to open a bank account.

It is one of the best banks that don’t do credit checks.


Not widely recognized.

Key Specs:

Minimum balance: None.

11) Radius Bank

Radius Bank is a banking service provider that offers an instant online checking account with bad credit. It also offers a second chance banking account called essential checking. It allows account holders to upgrade to rewards checking accounts after one year.


You don’t require a minimum balance to open an account.

Provides free access to personal finance tracking and radius budgeting apps.

It is available for mobile and online banking.

Provides second-chance banking and mortgage services.


High monthly maintenance fee.

$500 debit card limit.

It offers a 1,000 daily deposit limit.

The mobile check deposit limit is $2,000 per 10 days.

$5 overdraft fee charge remains overdrawn for each and every account.

Key Specs:

Monthly fees: $9.

12) Woodforest

Woodforest National Bank allows you to open a bank account without a credit check. It has approximately 747 branch locations spread across 17 states, so it is a good choice for people who wants the option of visiting their bank in person. It also provides a second chance checking account for poor credit or a bad banking history record.


Free electronic bank statement offered for a bank account for bad credit.

Large network of participating ATMs.

Offers free ATM transactions as long as you visit an in-network ATM.


$25 minimum deposit to open an account.

$9.95 monthly maintenance fee.

$9 one-time account setup fee.

$32 overdraft fee.

$15 fee to set up your debit card.

Key Specs:

Minimum balance: None.

13) GoBank

GoBank is an online-only bank that helps you to open a checking account online. This financial federal credit union bank is surely a good choice if you have bad credit because it has no credit check to open an account.


Provides a checking account that comes with a free debit card.

It offers mobile banking.

Overdrafts are not permitted, so you do not have to worry about overdraft fees.

It offers secure cash withdrawal from 42,000+ ATMs in-network.

Provides a minimum deposit when you open your instant online account with bad credit.


$8.95 monthly fee, or you need to make monthly direct deposits totaling $500.

No overdraft facility.

$3 fee for out-of-network ATM withdrawals.

$5 fee if you lose your card and need a replacement.

Cash deposits at participating retailers can cost up to $4.95 per deposit.

Key Specs:

Minimum balance: None.

14) Green Dot

Green Dot is one of the well-known banks with no credit check to open an account with bad credit. Green Dot also offers a prepaid debit card, with no credit check required.


No credit check is required to open an account.

It offers free payroll direct deposits and easy check deposits.

Allows you to review and pay your bills online.

It provides secured personal banking.


Key Specs:

Minimum balance: None.

15) Fifth Third Bank

Fifth Third Express Banking® offers a simple way to manage your funds. This bank with no credit check offers a Visa debit card for immediate access to your money along with the convenience and security of a banking relationship.


No balance requirement or overdraft fees.

Provides easy check cashing and deposits at Fifth Third branch locations.

Support for mobile deposit with immediate funds availability.

Mobile and Online Banking.


No check writing.

No ATM check deposits.

No online bill payments.

Key Specs:

Minimum balance: None.

16) Varo money

Varo is one of the best banks with no credit checks. They offer little to no fees and convenient transactions. This bank also provides instant online checking account for bad credit. With Varo, you can run and review your credit bureau report to determine whether you have bad creditworthiness or not.


It helps you to enhance your credit score by creating bank accounts for bad credit.

No credit check.

No minimum balance.

No overdraft fees.


Cash deposit only available through a third party that charges fees.

Only two deposit accounts are available.

Key Specs:

Minimum balance: None.

17) Sable

Sable does not charge any hidden fees, and you will get a secured credit card bank account in just a few minutes. It also offers unlimited cashback and premium perks. You can get a bank account with your passport. No SSN is required.


You will get a dollar-for-dollar match on cashback earned in year one

You can earn 1% cashback on everyday purchases at Amazon, Uber, Whole Foods, Netflix, Spotify, and more!

It has a 98% approval rate with no credit check

It offers the quickest way to build U.S. credit score

Cheap international transfer rates to 55 countries.

They also offer a Credit Card that reports more datapoints to credit bureaus compared to other cards in the market. It helps you build your credit score quickly.

You can progress from secured to unsecured credit in lesser than 4 months.


A low credit line stops cardholders from charging high-cost items or many expenses

Key Specs:

Minimum balance: None.

18) Betterment Checking

Betterment offers a hassle-free, no-fee checking account. It is FDIC insured for up to 250k and offers attractive cashback rewards. It also offers Joint Checking accounts. It does not charge overdraft or other account fees. Its investment platform is leading in the industry.


Betterment’s Visa includes contactless payment, which means you’ll only need your phone to pay.

Betterment refunds all fees, whether you’re using your card overseas or getting cash out of an ATM locally.

You can easily block your card from the app if you lose your debit card.

Supports Apple Pay and Google Pay

It refunds fees associated with debit card usage at all ATMs


It is a fully online app so that you won’t find a physical branch.

Key Specs:

Opening deposit: $0

How to open a business bank account with bad credit?

Step 1) Look for banks with no credit checks

If bank accounts for bad credit are not an option, then the next alternative is to look for banks that do not check your credit for bad credit.

Step 2) Study your credit report and dispute error

If you think there is some calculation issue in your credit report generated by the credit bureau, you can file a dispute for the same and get it corrected.

Step 3) Ask the bank to reconsider your application

If your bank has denied your application for a checking account, you can ask the bank to have another look at your application. In some cases, banks may overlook some negative points if you explain them nicely.

Step 4) Open a second chance banking account.

Opening a second chance banking account allows you to enjoy facilities like a normal bank account. However, you may need to pay extra fees for the same.


Following are the best banks with no credit check to open an account:





Wise Business


Having a bank account can be a great way to manage your finances. Account statements help you determine how and where you are spending your money. You can also use banking facilities like debit and credit cards, mobile banking, secured loans, investment, etc.

Here are some pros and cons of a second chance checking account:

Pros of a Second Chance Checking Account:

Repair your banking history: A second chance checking account allows you to rebuild your banking history, but you need to practice good money management in the future. If you make the same mistakes you did in the past; you could make your situation worse.

Avoid excessive fees: Second chance banking lets you avoid accumulating fees that come with prepaid debit cards, money orders, cashier’s checks, etc.

Reestablish your relationship with the Bank: While you mainly focus on repairing your bad banking history. In this case, there is a greater chance you will be able to apply for a secured car loan or get a mortgage loan.

Cons of a Second Chance Checking Account:

High maintenance fees: Many banks with no credit check offers secured credit checking accounts that come with monthly maintenance fees.

No overdraft protection: Second chance checking account does not offer overdraft protection. No one indeed wants to overdraft their account. Some people also feel peace of mind knowing they can temporarily overdraw their funds to meet their daily expenses.

Does not repair bad credit: A second chance checking account does not do anything to help repair bad credit. If you have bad credit, any denied opening account, or a loan, you will need to take separate steps to improve it.

To open an account with bad credit, you will require your social security number or individual tax ID number. The bank will ask some questions during the application process that helps them to verify your identity to open bad credit checking accounts.

Here are important things you should look for in a Checking Account:

The amount of minimum initial deposit if one is needed.

Minimum ongoing balance required.

Monthly maintenance fees which are generally lower than the traditional bank accounts.

The bank should provide a debit card for cash withdrawals and online purchases.

Banks with no credit check mostly impose limits on how much you can money you can withdraw and how much you should spend on your debit card. You should look for a bank with higher limits.

Yes, you can get a prepaid debit card without having a bank account. You just need to apply for it and load the card from the bank’s official website or a specific store. It is similar to a normal debit card that you can use to deposit online checks, send money to someone and withdraw money from ATMs.

Each bank has its own point of view for customers they want to give overdraft to. If you hav a bad credit score, it will be hard to get a standard bank account with an overdraft facility. In such a case, you can open a basic bank account with an arranged overdraft which is mainly given to people with a poor credit score.

Here are some useful tips which help you to improve your credit rating:

Check for errors or fraudulent activity.

Always pay the credit back on time.

Get some credit if you do not have any.

End any negative financial associations.

Do not apply for too much new credit.

Here are some important features to look for while selecting your bank account:

Monthly service fees: The first thing you need to check is the monthly service fees. When you have bad credit, a monthly service fee may be mandatory unless you meet certain criteria. Most banks allow customers to avoid monthly fees by keeping their balance above a certain amount.

No Minimum Balance Requirements: Avoid accounts that require a minimum balance. Look for a bank that does not require you to keep a certain amount of funds in your checking account. Therefore you will not require to worry about dipping below the minimum deposit limit and getting hit with fees.

Free Perks: Some banks offer new clients free checking account perks. Cashback rewards are the best perk offered by banks. Some banks also offer unlimited cash back rewards for purchasing daily need items.

Mobile Banking: Mobile banking gives customers a convenient way to connect with their Bank. Mobile banking also allows banks to create a closer banking relationship with their customers.

Best Online Banks with no Credit Check

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