• 13/05/2020

Best Non-ChexSystems Bank Accounts 2020

Founded in 1964 and with its headquarters in Birmingham, Alabama, BBVA Compass Bank has over fifty years of experience, more than $86 billion in assets, and over 670 branches spread across Texas, Alabama, Arizona, California, Florida, Colorado, and New Mexico.

It is a full-service bank, meaning it offers a full range of products including a range of checking and savings accounts, credit cards, loans and mortgages, investments services, digital services, and so on. However, what helps the bank truly stand out from the crowd is that it is one of the few banks that don’t use ChexSystems. This means, that they do not carry out background checks into customers banking history, making it far easier to open an account.

BBVA Compass offers four different checking accounts, each of which has its own advantages and is designed to cater to different customer needs.

The most basic account is the Free Checking account, which has a $25 minimum opening deposit. This has no monthly or annual charges but still offers a fantastic range of features such as:

  • No ATM fees at BBVA Compass ATMs
  • Free unlimited check writing
  • Free BBVA Online Banking, Mobile Banking, and Bill Pay
  • Free Visa Debit Card with Cash Back Rewards
  • Free Online and Paper Statements

The next account up is the ClearConnect Checking account, which also has a $25 minimum opening balance and no monthly service charges. It offers many of the same features like the Free Checking account but has a few added benefits. For instance, there are no ATM withdrawal fees at 55,000 Allpoint ATMs worldwide.
Those looking to earn interest on their account balance may be interested in the Interest Checking account. The account has a $25 minimum opening deposit and a $25 monthly service charge. However, there are many ways to avoid this service charge so it is not a reason to dismiss the account. Other account features include:

  • Tiered interest rates on account balance
  • Two rebates per statement for ATM fees charged by other banks
  • Premium checks at no charge and 50% off other styles
  • The chance to avoid the monthly Service Charge on one BBVA Compass ClearChoice Money Market account
  • Free paper and online statements

The final checking account offered is the Easy Checking account. This is a fantastic second chance bank account for those looking to rebuild their finances. It is an excellent checking account for bad credit holders and it is very easy to apply for an account. The account has numerous attractive features such as:

  • Complimentary Online Banking, Mobile Banking, and Bill Pay
  • No ATM Fees at BBVA Compass ATMs
  • The ability to upgrade to another BBVA Compass checking account after one year if the account is active and has a positive balance

The Easy Checking account can be opened online or via telephone. It has a minimum opening balance of $25 and there is a $13.95 service charge. While this charge may seem high at first, those who are unable to open an account elsewhere will find it a small price to pay, and after one year the account can be upgraded and the service charge will no longer apply.

One area that cannot be overlooked at BBVA Compass is their mobile banking offering. They have mobile apps for smartphone and tablets (both Android and iOS), and their app has won Javelin Mobile Banking Leader awards five times including the 2018 Mobile Banking Leader for Ease of Use. With the mobile app, you can quickly and easily carry out payments and transfers, pay bills, deposit checks, view balances, and more. You will also receive alerts about any unusual account activity, giving you an extra layer of protection from theft.

BBVA Compass also stands out from the crowd thanks to its fantastic customer service. Not only can you reach the bank via a range of toll-free numbers, but you can also Request a Call from the bank via its website to help you save time and avoid the hassle of navigating the telephone system. You can even use Video Banking to connect to a real bank teller 24/7 to ask them questions, carry out transactions, pay bills, and so on.

In short, BBCA Compass is ideal for anyone seeking the best non-ChexSystems banks. Their range of checking accounts mean that all types of customers are catered for, from those who are simply seeking the best online checking account, to those who have a poor credit history and are looking for a second chance checking account. They provide all the services you need with no hidden costs, their mobile and online banking services are excellent, and their customer service is superb.

Most people have not heard of ChexSystems despite the fact that it affects nearly everyone. It normally only comes to people’s attention when they discover they have been listed on it and at this point it becomes very important to understand exactly what it is and the repercussions of having a ChexSystems record.

What is ChexSystems?

ChexSystems is an agency that has two jobs, to verify checks and credit reporting. Nearly all banks in the US use ChexSystems when making decisions about whether to allow a new customer to open an account with them.

If a person is listed on ChexSystems it means that they have done something to draw attention in a negative way. Most often, this will be a minor infringement, such as forgetting to pay a fee on time, but of course, they also list you for criminal activity such as fraud. Unfortunately, regardless of the reason, if you are listed on ChexSystems then there is a good chance that a bank will refuse to allow you to open a checking account.

What Goes into a ChexSystems Report?

Unlike credit bureaus, ChexSystems collects information about your checking account history. The reports contain information to identify you, such as your Social security number and past addresses. It will have details of any unpaid negative balances, including overdrafts and accounts that have been closed involuntarily. It will also include information on unpaid fees, fraudulent activity, account inquiries and applications for other bank accounts, and other public records. What it won’t contain is details on if you have bad credit.

The report will also contain a risk score. The ChexSystems Consumer Scores range from 100 up to 899. The higher your score the better, as it shows that you are a less risky customer.

The good news is that ChexSystems reports will normally only keep negative information on record for five years. However, each bank will have its own rules about how much time must pass after a negative incident before you can open a new bank account.

Checking Your ChexSystems Report

Thanks to the Fair Credit Reporting Act, you are able to request one free copy of your checking account report from ChexSystems each year. You are also able to request a free copy of a ChexSystems report that has been used to deny you a new account. As a result, you can keep track of your ChexSystems report and gain insight into the reasoning behind a bank’s decision.

Disputing Your ChexSystems Report

If you have requested your report and found errors or been denied a bank account due to an erroneous report then the good news is that you can dispute the report. You need to file disputes with both the bank and ChexSystems. Both of them will then investigate your claim and correct any mistakes.

What To Do If You are Denied an Account

If your report was correct and you have been denied an account then you may be feeling very worried. However, while being denied a bank account because of your banking history can certainly be extremely irritating, it is far from the end of the world.

What you should not do in this situation is to start going blindly from bank to bank trying to open an account. Over 9,000 banks (which means over 100,000 branches) in the US use ChexSystems to make their decisions. In other words, 80% of all American banking institutions make use of ChexSystems.

However, if you look at this the other way round, it means that 20% of all banking institutions are not using ChexSystems. Plenty of banks will allow you to open an account with no credit check and without first looking at your ChexSystems report.

Banks That Do Not Use ChexSystems

The easiest thing to do if you have a negative ChexSystems report is to look for a bank that does not refer to ChexSystems.

You should be aware that some banks that do not use ChexSystems do look up other records, such as TeleCheck and Early Warning System (EWS). However, it is possible to find banks that do not look at any of these records.

The banks that choose not to use ChexSystems reports will be aware that many of their customers have negative reports. However, they choose to take a broader view of things and they are aware that a customer’s situation may have changed. Someone who made a genuine mistake or was going through a hard time may now be a very reliable customer.

Thanks to this, there is a very good chance that you will still be able to open a checking account with one of these banks. Furthermore, these banks are in no way inferior to ChexSystems banks. They offer the full range of services including numerous types of checking accounts, personal loans, mortgages, insurance and so on. There are many banks that do not refer to ChexSystems, so be sure to look around carefully to find the best bank for you.

An option often put forward for those with negative ChexSystems reports is a Second Chance Bank Account. These are exactly what they sound like, accounts designed to give people a second chance. However, they often have many disadvantages. Second Chance Bank Accounts usually have unavoidable monthly fees, lower withdrawal and debit limits, no overdraft facilities, and no check writing. Because of this, a bank that doesn’t use ChexSystems is far preferable.


For some people ChexSystems is a hidden menace that can lead to them being denied a straightforward checking account, which can make life extremely difficult. A small and genuine mistake can result in a negative ChexSystems report and it can then come back to haunt you for years to come.

However, people who have negative ChexSystems reports have plenty of options. There are numerous high quality banks that do not depend on ChexSystems and will happily open accounts. Many of these banks offer excellent checking accounts for all people, from the most basic of accounts to high interest checking accounts for those with high balances.

If you discover that you have a negative ChexSystems report then do not worry. Take some time to research your options and you are sure to find an alternative bank quickly and easily.

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