The 7 Best Banks With No Credit Check to Open a Account in 2021

Although it is very possible to live without ever opening a bank account, owning one inarguably brings more efficiency and convenience, more than just keeping your cash. Having a bank account is a necessity to enjoy most credit services.

It is also beneficial in making direct deposits of cashing a check. If you had a bank account but got into the list of bad credit, don’t worry as it is possible to open an account with banks with no credit check to open an account.

Initially, banks were limited to geographical areas. However, advancing internet use has made it easy for people to open a free business checking account online with no deposit from the comfort of their homes.

This has reduced the initial high fees incurred when dealing with huge deposit requirements. Besides, you can open a free online checking bank account with no opening deposit, bad credit, and no monthly maintenance fees.

That said, there are only a few, and specific bad credit credit cards guaranteed approval no deposit banks that people of this fold can open accounts. If you are in the group and want to open an account, follow the following 2 simple steps to open an account with banks with no credit check to open account.

The 7 Best Banks With No Credit Check to Open Account

Like other banks, the first and most essential step when opening a bank account is to find one that suits your needs. Your preferred bank account can greatly differ from your friend’s choice, basically due to the prevailing needs. In this case, you should be searching for one that allows you to open a no credit check bank account.

That said, below are some of the banks with no credit check to open an account that can accommodate your needs:

Banks With No Credit Check to Open Account

1. Barclays Online Savings

Despite being hugely based in the UK, Barclays has a heavy presence in the US. It offers a wide range of credit cards for US customers, especially those with good to excellent credits.

The good thing with Barclays Online Savings is that the accounts don’t require strict approval standards and is among the few banks with no opening deposit.

Barclays Online Savings


  • 20% APY savings account
  • Direct online transfers and deposit allowed
  • No monthly maintenance fees charged
  • No required minimum balance to open an account


  • Purely online transactions
  • Accommodated people with bad credit
  • No maintenance fees payable


  • Limited accessibility

2. Discover Online Banking Cashback Debit

Popularly known as the cash-back credit card, the Discover Online Banking Cashback Debit is an online-only bank that offers a full range of no deposit accounts for both checking and savings accounts.

Discover Online Banking Cashback Debit


  • No monthly maintenance fees
  • No minimum opening balance
  • Customers earn 1% cashback on $3000 debit card purchases monthly
  • 60,000 fee-free ATMs available all over


  • 1% cash back on up to $3000 spent
  • Several ATMs available
  • Opens bad credit accounts


  • Quite high transaction rates

3. Chime Bank

Chine is among if not the fastest growing online banks in America. The Chime bank was created since its inception to be a purely online bank.

The absence of physical branches probably is what makes banking with Chime almost free. Like most online credit bank accounts, there are no chargeable maintenance fees, service fees, overdrafts, or foreign transaction fees.

Chime Bank


  • No minimum deposit required to open the account
  • More than 38,000 fee-free ATMs available
  • Allows online transfers and deposits
  • No payable monthly maintenance fees


  • Free receiving, sending and accessing funds
  • Mobile check deposits
  • Widely available free ATMs
  • Integrates with mobile app


  • Few reviews about its services

4. Capital One 360 No Checking Account

Capital one is popular as it offers several credit options, including fair credit cards, rebuilding bad credit credit cards and no-deposit accounts. The 360 no checking account is the bank’s only available type but offers several features at minimal fees.

Capital One 360 No Checking Account


  • More than 39,000 available ATMs
  • Direct deposit and online transfers allowed
  • No monthly payable fees
  • No balance required to open


  • Easy to open
  • Affordable transaction fees
  • Free overdraft transfers


  • Not widely recognized

5. Wells Fargo Opportunity Checking and Savings Accounts

The Wells Fargo Opportunity Checking and Savings Accounts provides customers with access to nearly all the checking account features, which includes mobile banking.

It was specifically tailor-made to suit folks with lackluster banking history. With a minimum opening deposit, individuals with bad credit can access this second chance bank account offering several bells and whistles of traditional bank accounts.

Wells Fargo Bank


  • $25 required an opening deposit
  • Free transfer between opportunity checking accounts and savings account
  • Avails spending report and budget watch for those who want to monitor their finances
  • Free debit cards that can be used in more than 13000 ATMs spread out


  • Minimal deposit required
  • Possible waiver of monthly fees
  • Overdraft protection


  • Several hidden charges

6. Radius Bank Essential Checking

The Wells Fargo Opportunity Checking and Savings Accounts is yet another online only bank is Radius Bank, which offers a wide array of products for different customers. This account, for instance, is tailored for individuals with bad credit looking to rebuild their credit history.

Radius Bank


  • Mobile compatible banking and check deposit
  • Debit card limit of $500
  • $9 monthly account maintenance fee
  • Free debit card
  • Free access to personal finance tracking and radius budgeting apps.
  • Possible upgrade of Radius checking account after continuous positive history for 12 months


  • Available mobile and online banking
  • Free debit card
  • Second-chance banking
  • Possible overdrafts


  • Daily debit card limit

7. BBVA Compass Easy Checking Bank

BBVA Compass Easy Checking Bank offers easy checking account as a second-chance banking option for those who want to redeem their credit history. Users get access to mobile deposits, bill payment feature, online banking, and a lot more.

BBVA Compass Bank


  • Mobile banking available
  • More than 55,000 fee-free ATMs available
  • $13.95 account maintenance fee
  • Minimum of $25 deposit to open the account


  • No ATM fees charged
  • Free online banking
  • Free mobile deposits


  • May not be available in all states

Requirements To Fill Up the Online Application Form

Once you have selected your most preferred bank with no credit check before opening an account, the tough work is over. The second and quite easy step is filling out the application form, a process that has been made simple by the present internet.

You will find the application icon on the bank’s website or mobile app. Most applications require and ask for similar information, but some may slightly vary.

Personal Information

The first part of filling out the application is providing your personal information, including contact details. This is standard practice with most application procedures, and these bank accounts with no checks are not an exception. The form will require both your digital and physical contact information, which include;

  • Legal name
  • Physical address
  • Phone number
  • Email address

Ascertain that you spelled every detail correctly and that the information is up-to-date. This avoids unnecessary slags as you proceed with the application process.


Personal information is definitely part of identification, but the law mandates every financial institution to verify every applicant’s identity when opening a new account. That said, most online application form for bank accounts will require that you provide the following additional details.

  • Date of birth
  • State issued ID or driving license
  • Social security number or Tax ID number

You can use your foreign passport of you don’t have the US social security number.

Funding Source

Depending on the type of account you are applying for, you may be required to provide information as to how you will fund the account. Some of the methods offered by various institutions include:

  • Credit card
  • Bank transfers
  • Existing account transfers
  • Debit/prepaid cards
  • Mobile check deposits

Note that all accounts, even those that don’t require an initial deposit will inquire about the funding information. If cash only is your only available option, you may need to make the application in person.

Second Chance Banking Alternatives

If you are not fully convinced to open a bank account with either of the banks mentioned above, you can try these two alternatives to recoup your funds.

Apply for a prepaid debit card

If you are tired of traditional banking experience, you can consider getting a prepaid debit card as an alternative. With a prepaid debit card, all you need to do is load money and spend it at merchants that accept your debit card.

However, note that transactions will be declined if you try spending more than the amount available on your card. This is because prepaid debit cards do not allow overdraft features.

Opting for prepaid debit cards is prudent, especially if you still facing troubles with managing your spending. This acts as a layer of security that prevents you from getting back to financial troubles.

Find prepaid cards with better terms such as those that allow for advanced direct deposits, free-fee ATMs, and much more.

Get a secured credit card

The second option involves trying your luck in a secured credit card. This is a good option if your credit history was in shambles, but you have worked on getting it back to relatively fair shape. Most banks with no credit check require that applicants should make a cash deposit to provide a credit card for the same amount.

The bank will submit reports of good behavior every month that you make an on-time payment. This goes a long way in helping individuals improve their credit scores. A major drawback to this is that most secured credit cards have high-interest rates and lack enticing rewards compared to other high-end cards.

Frequently Asked Questions (FAQ)

What are online only banks?

As the name suggests, these are banks with no brick-and-motor settings. This means that they have no physical location where they pay rent, have stuff, and purely operates through online platforms, which could be through their websites or mobile applications.

Since they are free from operational costs of building and maintaining bank offices, online-only banks charge relatively fewer fees and offer better interest rates. They also offer a wide array of online and mobile baking features that appeal to busy customers who don’t have time to visit the bank.

On the negative, online-only banks suffer from a number of disadvantages. The first being lack of in-person customer support. Users can also experience some impediments when opening their accounts, especially where they are required to make an initial deposit. This can be troublesome for those who don’t have another bank to transfer funds from.

Do the Banks Report for Deposit Accounts?

Despite the fact that opening a new bank account doesn’t involve any credit facility, your past credit profile can affect the ability to get a loan. This is because some credit unions and banks check on an individual credit report when processing the applications.

In most cases, this procedure won’t prevent anyone from opening a bank account but can influence the type of account you can open. Certain red flags such as bankruptcy and charge-offs with previous financial institutions can also negatively affect the available options.

The good thing is that the credit check performed by the institution is considered a soft pull. This means that it is not visible to other banks who check your credit and doesn’t affect your credit scores.

The Bottom Line

Having a bank account is an important financial tool. This need is increasingly becoming unavoidable with the surge in cashless operations in the society. Similarly, the cultural shifts have made financial institutions make the necessary adjustments that suit the current trends.

Perhaps the most notable impact is the introduction of online-only banks and various financial technologies. This has made it possible for individuals with bad credit to access second chance bank accounts with ease, in a bid to get back on the positive side. Online options have also spearheaded the resurgence of low to no-fees operational bank accounts.