Opening a No ChexSystems Business Checking Account

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Are you a small business owner who has had a few banking blunders in the past? If so, you may have experienced difficulties opening a business checking account. The good news is there are plenty of banks out there willing to work with you.

If you aren’t familiar with ChexSystems, it is a nationwide consumer reporting system. It has a database made up of checking account activity, such as check writing history, openings and closures of checking accounts, and any checking account applications you turn in.

When you need a personal account without restrictions, you can choose a bank that doesn’t use ChexSystems. The same applies to business checking accounts, and we’ve selected some of the top contenders out there to get you back up and running with a second chance business checking account.

The Top Second Chance Business Checking Accounts

While you can look for a local bank or credit union in your neighborhood that offers second chance business checking, the options may be few and far between. Another option is to choose an online-based bank that operates across the nation.

In-person banking may not be provided but these banks often have fewer fees since the cost of running a physical bank isn’t an issue for online financial institutions. If you’d like to open a business checking account online with no ChexSystems, the options below are a great place to start.

Open an account today!

Found Business Banking | Our Favorite Business Account
One of the biggest challenges for small businesses, entrepreneurs, and gig workers is finding the right bank account for their growing business.

The Found Business Banking Account solves that problem by simplifying your financial journey. Available only to sole proprietors and single-owner businesses, the sign-up process takes only a few minutes. There’s no credit check or ChexSystems.

Found Business Banking at a Glance

  • No opening deposit required
  • No minimum balance
  • No required monthly fees
  • Free unlimited ACH payments
  • Free unlimited invoicing
  • Free mobile check deposits
  • Free built-in expense management tools
  • Accept bank transfers and card payments
  • Easily connect to Quickbooks, Stripe, Venmo, PayPal, Etsy, etc.
  • Get paid up to 2 days early with direct deposit1
  • Send money to anyone within the U.S. using their phone number or email address
  • Deposit cash at over 79,000 locations
  • Access your account online or on the free app
  • Found’s core features are free. They also offer a paid product, FoundPlus

Fast Approval Process

Time is money and Found respects both. Apply for your business account online and the streamlined approval process ensures you’re up and running quickly. No lengthy paperwork needed to get swift access to your financial hub.

Easy Bookkeeping and Tax Management Tools

Managing your business finances shouldn’t be a headache. You get intuitive tools such as automated expense tracking, receipt capture, unlimited custom invoices, and the ability to manage 1099 contractor payments. Plus, you get the ability to auto-save for tax payments and automatically generate tax forms.

No Hidden Fees, No Surprises

Say goodbye to unexpected charges. believes in transparency. They’ve stripped away unnecessary fees, leaving you with a straightforward banking experience. No hidden costs—just clarity and peace of mind.

Found is a financial technology company, not a bank. Business banking services are provided by Piermont Bank, Member FDIC.2

Open a Found account now!

NorthOne | No Credit Check Business Account
NorthOne is a digital bank built specifically for businesses with 1-10 employees. In addition to dramatically streamlining the application process, NorthOne offers a business checking account with no credit check.

NorthOne Business Banking at a Glance

  • NO minimum monthly balance requirement
  • NO monthly fees
  • NO NSF fees
  • NO ACH transfer fees. Highest ACH limits of any digital bank
  • NO credit check or ChexSystems
  • FREE access to over 40,000 ATMs nationwide for cash deposits and withdrawals
  • FREE integrations with over 100+ popular tools
  • FREE perks and discounts on SMB software – over $5,000 in value
  • FREE bill payment software (replaces
  • FREE sales and revenue analytics software

Read More

Banking Services

NorthOne doesn’t have any recurring fees or require a minimum account balance. The account includes all business basics: ACH payments, wire transfers, bill pay, debit card usage, mobile check deposits, and transfers. The only fee is $15 for wire transfers. You can even send a physical check straight from your phone for just $1, and NorthOne will print and mail it for you.

NorthOne also has access to faster money movement through connecting to the Same Day ACH and Real-Time Payments network, the latter allows deposits from popular payment processors (Amazon, Paypal) to clear immediately.

Financial Automation

Layered on top of the bank account, NorthOne offers 3 powerful financial automation products. First, they offer a full invoice and bill payment automation, where you send your bills and invoices directly to NorthOne, NorthOne uses AI to extract everything you need to pay and to whom and sets up the payment for one-tap approval.

Second, they offer revenue and sales analytics, where you can connect to the e-commerce or POS tools you use and see your gross revenue, transaction volume, and cost of returns in every one of your accounts, in real-time.

Third, they offer integrations with hundreds of third-party apps including Paypal, Stripe, Square, Etsy, Shopify, Airbnb, Amazon, Venmo, Toast, Uber, Lyft, Quickbooks, FreshBooks, Wave, Expensify, and many more. You can sync transaction details, collect payments, see and pay invoices, send payroll, pay contractors, and more through these integrations.

Application Process

NorthOne approves accounts within one to two business days. Information required to open an account includes name, address, and social security number or tax identification number. If applicable, NorthOne may ask for a copy of your business license and business formation documents. After you’re approved, you’ll need to make a $50 minimum opening deposit.

In our opinion, the NorthOne no credit check business bank account is one of the most competitive business bank accounts for entrepreneurs and small business owners.

Open a NorthOne account today!

Lili | Quick Approval Small Business Banking
Lili was custom made for freelancers and independent contractors who are operating as sole proprietors and single member LLCs and we really like their offering. Lili aims to approve most accounts within 2-3 days, but some accounts are approved in 2-3 hours.

Lili offers a checking account and Visa debit card with no initial deposit or minimum balance requirement, no hidden fees, no credit check, and no ChexSystems. Lili makes getting your account easy!

Lili at a Glance

  • FREE business VISA debit card
  • FREE (and very user-friendly) mobile app
  • NO minimum balance
  • NO NSF charges or fees
  • NO credit check or ChexSystems
  • NO fees for incoming wire transfers
  • Receive direct deposit funds 2 days earlier than many banks
  • Mobile check deposit
  • Unlimited fee-free transactions
  • Takes 3 minutes to apply

Application Process

You can set up an account online. If you’re a freelancer, you should receive approval and account access almost instantly. All others (Sole Proprietor, Single-Member LLC, Multi-Member LLC, General Partnership, Limited Liability Partnership, or S Corp) can take a couple of days to get approved. You can fund your account using a mobile check deposit, direct deposit, ACH transfer, or by linking your Venmo, PayPal, or Cash App account.

Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC.

Open a Lili account now!

Novo | No Monthly Fees & No Hassles
One of the most important steps to taking your business to the next level is the need to set up a business bank account. And if you get the right business account, it can give your growing business all the tools much larger businesses enjoy… without all the big business costs.

Novo understands small business owners and makes it easy to open and manage an account. As an online-only bank, you’ll find Novo strikes the right balance between technology, human touch, and real-world benefits. Here are some of our favorite features for Novo Business Checking:

  • NO monthly fees
  • NO minimum balance requirement
  • NO ATM fees
  • NO credit check or ChexSystems
  • FREE Mastercard debit card
  • FREE mobile app
  • FREE transfers, mailed checks, and incoming wires
  • FREE invoicing to create, send, and track invoices
  • FREE mobile check deposit
Read More

Business Banking Made Easy

There are no monthly fees, no minimum balance requirements, no incoming wire fees, and no transaction fees with Novo. Novo even refunds all ATM fees. You’ll never be charged for incoming or outgoing ACH transfers, debit card replacements, paper statements, or stop payments.

If you’d like, Novo will send free paper checks for your use. You can also use the app to have checks mailed out. The gotcha with paper checks is that if you don’t have enough money to cover the check, Novo will charge a fee of $27 for insufficient funds. And if you deposit a check from a customer that doesn’t clear, you’ll get whacked for $27.

Novo doesn’t allow you to deposit cash. Instead, you’ll have to use vendors such as USPS, Walmart, and grocery stores to exchange your cash for a money order. Then you can use the mobile check deposit feature to deposit the money order. Novo may not be the right business account for you if your business deals with a lot of cash.

Business Tools

You can manage your account from your computer or the Novo smartphone app. This allows you to avoid the hassle of visiting a physical bank. And the Novo Reserves budgeting tool allows you to set aside funds in your checking account for expenses such as payroll or taxes.

We especially like their fully integrated invoicing feature which allows freelancers and contractors to send and manage unlimited invoices. You can make payments by ACH transfer and if you are using the Novo Stripe integration you can accept payments through your Stripe account.

Novo seamlessly integrates with popular business tools such as Stripe, Shopify, Zapier, Quickbooks, and Xero. You can also connect Square, Wave, PayPal, Venmo, Apple Pay and Google Pay.


Novo has a program called Novo Perks that gives you perks on wide range of business software and services such as Stripe, Quickbooks, Gusto, Google, Hubspot,, and many more. For example, you can get $20,000 in fee-free credit card processing with Stripe.

Application Process

It takes about 10 minutes to sign up for a Novo account. You’ll need personal and business information, which may include a social security number, business tax ID, and business formation documents. They do not check your credit or use ChexSystems.

Novo is growing quickly. Their offering is popular with small business owners. The account approval process is currently taking 1-2 business days and once you’re approved, you can get full access to your account with a simple $50 deposit.

We like Novo. We think you’ll like it, too.

Open an account today!

Documentation You Might Need When Opening a Business Checking Account

In most cases, banks will want to verify both the business itself and the people involved in the business through a few official documents you may be required to provide.

For many banks, a ChexSystems report may be run based on your business structure. If this is the case, it gives the bank an idea of how you’ve managed savings and checking accounts in the past.

As an example, a sole proprietor may need to provide a Social Security number that is used to pull your ChexSystems history. Corporations and limited liability companies (LLCs) will instead provide an employer identification number (EIN) instead of using ChexSystems. Below is a list of what might be required to open an account based on the type of business.

Sole Proprietor

If the name of the business is not the same as the legal first and last name of the owner, additional documentation is required. So if the owner’s name is Jane Doe and the business name is Doe’s Bakery, additional documentation is needed. However, if it’s called Jane Doe Bakery, none will be required.

Some of the extra documentation in this category that may be required include:

  • Business License
  • Certificate of assumed name
  • Fictitious name certificate or “doing business as”
  • Registration of trade name

Limited Liability Company (LLC)

One of the following documents will be needed:

  • Articles of organization
  • Certificate of formation
  • Certificate of organization


For a corporation, you will need one of the documents below:

  • Articles of incorporation
  • Certificate of good standing

General Partnership

A general partnership will need to provide one of the following documents:

  • Business license
  • Certificate of assumed name
  • Fictitious name certificate or “doing business as”
  • Partnership agreement

Basic Info for All Businesses

Regardless of the business type for a second chance business checking account, there are a few things that will likely need to be shared. These include:

  • Date of birth
  • Email address
  • Mobile phone number
  • Personal address
  • Social Security number

Ideas to Improve Your ChexSystems Reports

Those with negative marks on their report may wish to open a business checking account online with no ChexSystems. However, in the following years, it can be useful to increase your chances of being accepted at other banks since this may be needed for your business as it grows.

Below are a few tips you can use to improve your ChexSystems report, so you have a better selection of options going forward:

  1. Request the report – Once each year, you can request a complimentary copy of your ChexSystems report. This is also known as a consumer disclosure report. You can request it from ChexSystems by phone, mail, or fax. Visiting their website will also give you the option to request a report.
  2. Look for errors – Once you have the report in hand, go through it and check for any mistakes. Make sure to note any information that is outdated, misreported, or otherwise incorrect.
  3. File a dispute – Assuming there are errors, filing a ChexSystems dispute is the best way to have these things corrected. You can choose to file by mail, fax, or online. You can have ChexSystems carry out the dispute or submit it to the supplier of the data, such as a bank or credit union.

When filing a ChexSystems dispute, make sure all important documentation is included. This might include payment receipts, bank statements, and similar items. Most investigations occur within 30 days and ChexSystems will provide the results through mail.

If it turns out there were mistakes in the report, federal law requires ChexSystems to remove these entries from it.

  • Pay off debts – If the report shows that you owe money and it’s a legitimate case, it’s important to take care of those debts when possible. Whether it’s unpaid fees or overdrawn accounts, handle it when you can do so. The sooner you do so, the quicker your report can improve.
  • Ask for updated records – Banks and credit unions are obliged to revise your file once a debt has been settled or paid. However, this can take time. Reach out to creditors after you’ve repaid a debt to have the files updated more quickly.

It’s a good idea to keep records of interactions with creditors and debt payments. If you find yourself needing to dispute something on ChexSystems, this will make the process much more efficient. It’s also good practice in case these documents are needed for any other purposes if you run the business.


ChexSystems keeps records for five years except when the person who reports it asks for it to be removed or a dispute shows that it should be taken off. If there are things you can do right now to make changes, the benefits will be immediate. However, if things are present that you cannot change, you may need to give it some time until they drop off the report.

Those who have an improved report can open any business checking account online. However, even those with issues on ChexSystems can opt to open second chance business checking accounts. Remember to check on other important factors like ATM access, transaction limits, fees, and more.

Additional Found Disclaimers:  Back to Found Review

1Direct deposit funds may be available for use for up to two days before the scheduled payment date. Early availability is not guaranteed.

2Found is a financial technology company, not a bank. Business banking services are provided by Piermont Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category. The Found Mastercard Business debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted.

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