Second Chance Banking in Tennessee

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If you’ve recently applied for a checking account and were turned down due to a bad banking history, chances are good that you’ve been reported to ChexSystems. Approximately 85% of all banks in the country use ChexSystems when you apply for a new checking account. If you’ve experienced things like unpaid debts or involuntary account closures at another banking institution, odds are you’ve been reported to ChexSystems.

ChexSystems is supposed to act like a safety net for banks and in an effort to weed out people who have committed fraud or identity theft. However, many everyday people get caught in the crossfire and are flagged for lesser offenses, resulting in them being blacklisted by the majority of banks out there. It may be difficult to walk into any given institution and open a checking account. What follows is an up-to-date list of all the banks and credit unions in Tennessee that want your business.

Fortunately, a lot of banks and credit unions offer second chance checking accounts, which are designed for anyone who has experienced a few banking mishaps in the past. In addition, there are a lot of banks out there that don’t use ChexSystems at all during the application process. In fact, they may not even check your credit score when you apply for a new account!

No matter what your situation may be, you still deserve a second chance and a checking account that will benefit your life.

Second Chance Banking in Tennessee for June 2024

Get an Account Today!

Chase Secure Banking | $100 New Account Bonus
Most people know Chase and with over 15,000 ATMs and 4,700 branches across the country, the Chase Secure Banking account might be a good fit for a second chance bank account.

Chase Secure Banking at a Glance

  • NO credit check
  • NO ChexSystems
  • NO minimum deposit to open
  • NO overdraft fees
  • FREE access to over 15,000 Chase ATMs
  • FREE Chase OnlineSM Bill Pay
  • FREE money orders and cashier’s checks
  • Quickly send and receive money with Zelle®
  • Paper checks are not offered with the account

Earning the $100 Bonus

To earn the $100 bonus, you’ll need to complete 10 qualifying transactions within 60 days of account enrollment. Qualifying transactions include debit card purchases, online bill payments, Chase QuickDepositSM, using Zelle®, or receiving ACH credits.

What to Know About the Approval Process

Chase Secure Banking is the only account offered by Chase that doesn’t use ChexSystems but does use Early Warning Services (EWS). Additionally, if you’ve had an account closed by Chase in the past, your application will not be approved. Past account closures can include missteps such as non-payment of fees, excessive overdrafts, or suspected fraud.

Fees

Chase doesn’t offer overdraft services with this account as you can only spend the money you have available. You should also know that using non-Chase ATMs can cost from $3.00 to $5.00 per transaction. Surcharges from the ATM owner/network may apply.

Chase Secure Banking carries a $4.95 monthly service fee, but it can be waived when you have electronic deposits made into the account totaling $250 or more during each monthly statement period.

Other Account Features

Chase Secure Banking offers several other features we like. This includes:

  • Zero Liability Protection. Get reimbursed for unauthorized debit card transactions when reported promptly.
  • Budgeting Tools. Manage your spending and get daily spending insights with Snapshot in the Chase Mobile® app.
  • Credit and Identity Monitoring. Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
  • Early Direct Deposit. Get that “just paid” feeling up to two business days sooner with early direct deposit.

If you’ve wanted to bank with Chase and wondered if you’d qualify, we think you’ll be happy with the Chase Secure Banking account.

Get a Chase Account Now!

Chime | Over 7 Million Active Users
Fast-growing Chime® is one of our favorite checking accounts. The account has some amazing features and Chime accepts almost all customers who apply… even if you have bad or poor credit or have been blacklisted by ChexSystems or the credit bureaus.

Chime at a Glance

  • NO credit check or ChexSystems
  • NO initial deposit required
  • NO minimum balance required
  • NO monthly or annual fees
  • NO NSF/overdraft fees1
  • NO foreign transaction fees
  • NO fees at over 60,000 ATMs2
  • NO fees for mobile and online bill pay
  • FREE cash deposits at 8,500+ Walgreens3
  • Get your paycheck up to 2 days early with direct deposit4
  • 700,000+ 5-star reviews for the Chime smartphone app
  • Instantly transfer funds to friends and family without additional apps5
  • FDIC insured account up to $250,000

Savings Made Easy

Chime was one of the first to offer a “round up” option. If you use your Chime card on a purchase of $10.65, Chime gives you the option of automatically rounding up to $11.00 and putting the remaining $.35 in your free Chime savings account. And that adds up over time! Plus, Chime pays 2.00% Annual Percentage Yield (APY)6 in interest on that savings account.

We don’t think there is another company innovating for their customers like Chime.

Get a Chime 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. Found.com 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!

Upgrade Rewards Checking Plus
Upgrade is a digital banking platform providing a range of financial services, including checking accounts, personal loans, and credit cards without annual fees.

Upgrade Rewards Checking Plus at a Glance

  • Up to 2% cash back on purchases
  • NO opening deposit required
  • NO monthly maintenance fees
  • NO minimum balance requirement
  • NO NSF or overdraft fees
  • Fee-free cash withdrawals at over 55,000 Allpoint ATMs
  • Get paid up to 2 days early with direct deposit
  • 10%-20% lower interest rates on loans & credit cards through Upgrade
  • Earn up to 5.21% APY with a free Performance Savings Account
  • FDIC insured account up to $250,000

Earning 2% Cash Back

The Upgrade Rewards Checking Plus lets you earn 2% cash back rewards with debit card purchases. Eligible expenses include:

  • Convenience and drug stores
  • Gas stations
  • Monthly subscriptions, including streaming services
  • Restaurants
  • Utilities and cellphone services

All other purchases will earn 1% cash back. To earn the reward your account must be “active”. An active account is one that has a monthly direct deposit of $1,000 or more.

But if you choose not to or cannot meet the monthly direct deposit requirement, the account cashback program is reduced from 2% to 1%. In our view, that’s still a very strong offering with very few fees.

Consumers Love Upgrade

Managing your transactions is effortless, facilitated through either an intuitive online dashboard or the convenient Upgrade mobile app, available for both iOS (4.8 out of 5 rating) and Android (4.7 out of 5 rating) users. You’ll also have free access to your credit score and will be notified of any changes.

Not only is the Upgrade Rewards Checking Plus one of our favorites, but the account also has very high approval rates.

Get an Upgrade Account Now!

Current | Build Credit While You Bank
Current offers an innovative account to consumers who want it all without the costs and hassles.

The Current Build account helps you build credit every time you use the card. Sign-up takes about 2 minutes and Current has extremely high acceptance rates.

Current at a Glance

  • NO opening deposit required
  • NO credit check
  • NO minimum balance
  • NO fees at over 40,000 Allpoint® ATMs in the U.S.
  • Get your paycheck up to 2 days early with qualifying direct deposit
  • Earn up to a 4.00% bonus on your balance up to $6,000 with direct deposit; earn 0.25% without
  • Earn points for unlimited cashback at participating retailers
  • Send money instantly without any added fees
  • An elegant but simple smartphone app
  • 24/7 member support

Swipe The Card and Build Credit

Using your Current Build account to BUILD your credit is simple. Here’s how it works:

  1. You add money to your account
  2. Swipe your card to make purchases, pay bills, or get money from an ATM machine
  3. The funds in your account pay for these transactions
  4. Current reports your payment to build your credit history

Current Works Hard for You

Current offers a really unique service it calls Gas Hold Removals. What’s a gas hold? Some gas stations may apply a hold from $50 to $100 when you use your card to pump gas. If you only pumped $10 of gas, but the gas station places a $100 hold on your funds, you won’t have access to the $90 difference for up to 3 business days! The Current Build card will immediately remove the hold so you have access to all your funds. We haven’t found that benefit anywhere in the marketplace.

We love the features, we love the smartphone app, and we love Current. That makes us think you’ll love them too.

Get a Current Account Now!

SoFi Checking & Savings | Earn a $325 Welcome Bonus
The SoFi Checking & Savings account is offered by SoFi Bank. It’s a checking AND savings account and we love that. Plus, they don’t use ChexSystems or your credit report to approve accounts.

SoFi Checking & Savings at a Glance

  • FREE SoFi debit MasterCard
  • FREE smartphone app. Manage your account online, too
  • No opening deposit required
  • No monthly minimum balance requirement
  • No monthly maintenance fees
  • No fees at 55,000+ ATMs
  • Get paid up to two days early with direct deposit

How to Earn the $325 Bonus

As soon as you get your SoFi Checking & Savings account and deposit $10 or more, you’ll earn $25. When you set up direct deposit from an employer, SoFi will credit your account up to an additional $300 (depending on the amount of your direct deposit).

Using the SoFi direct deposit option unlocks additional benefits, too. First, if you overspend a bit, SoFi will cover up to $50 with no overdraft fees. Second, you’ll receive a much higher interest amount of 4.60% APY on savings account balances and .50% APY on checking account balances. If you decide not to utilize direct deposit, you’ll receive 1.20% APY on savings balances.

The sign-up process can take less than 60 seconds. With over 6 million members, SoFi is a bank you can count on!

SoFi has been great! The account was easy to open and I got my debit card a few days later. The smartphone app is easy to use and I can check everything from my computer, too. SoFi seems to be the perfect bank.
Claire M., SoFi Customer

Get a SoFi Account Now!

Acorns
Acorns is making a name as a place to invest money for the long term, but what we really like is that they offer both checking and savings accounts. That makes Acorns another of our favorite bank accounts. As a company built to compete with the largest banks, Acorns offers some extraordinary benefits.

We love the heavy metal tungsten Visa debit card and the world-class smartphone app that allows you to manage every aspect of your new checking account such as budgeting, spending, and security.

Another nice option is the ability to round up on every purchase and Acorns will take that money and automatically put it in a savings account. This really helps build a nest egg.

It takes about 2-3 minutes to sign up and not only do you get a checking and savings account, but you also have access to an investment account once you’re ready to consider that. And, it’s free. Here’s more:

  • FREE Visa® debit card
  • FREE bank-to-bank transfers
  • FREE physical check sending online or through the mobile app
  • FREE mobile check deposits
  • FREE access to 55,000+ fee-free ATMs
  • NO minimum balance or overdraft fees
  • NO credit check
  • $3 monthly fee
  • FDIC insured

Acorns was built to give everyone the tools to manage their finances which makes it one of our top picks.

Get an Acorns Account!

Ally Bank Spending Account
Ally Bank has been one of the most highly rated online banks for the past several years. It’s not because they have the most features, but because they consistently make their customers delighted with the features the bank offers.

For starters, there’s no minimum opening deposit required. Ally doesn’t charge any monthly maintenance fee and there is no overdraft fee (more on that below). You’ll have access to 43,000+ ATMs and Ally will reimburse you up to $10 per statement cycle if you get charged for using another institution’s machine.

You’ll become eligible for Ally’s overdraft program called CoverDraft 30 days after depositing a total of $100. Ally will activate CoverDraft automatically and send you an email when they do. You can turn CoverDraft off at any time, as long as your account balance isn’t negative. Otherwise, Ally will decline the transaction without payment. In either case, you won’t be charged an overdraft fee.

We like that you can use Zelle to send and receive money, get paid up to 2 days sooner with early direct deposit, and deposit checks remotely with Ally eCheck Deposit. We also like that Ally has high approval rates as long as you don’t have a ChexSystems or EWS fraud alert in your past.

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Appalachian Community Federal Credit Union
Fresh Start Checking, offered by Appalachian Community Federal Credit Union (ACFCU), is a solid choice for anyone with a ChexSystems history. Opening an account is as easy as providing a $20 initial deposit and paying a $10 monthly service fee. It’s worth noting that to become a member, you must live, work, or attend school in one of the following counties: Carter, Hawkins, Sullivan, Unicoi, or Washington.

Alternatively, you may join ACFCU if you are a member of H/Ead or if you have a family member who already has an account with ACFCU. The benefits of opening an account include no minimum balance or pay per check charge, a nationwide network of over 85,000 ATMs, and 24/7 access to your account(s).

Opening a Fresh Start Checking account can be done by visiting one of ACFCU’s branch locations in Kingsport, Rogersville, Johnson City, Gray, or Jonesborough.

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BancorpSouth
BancorpSouth has one of the best options if you want to get back on your feet fast. They offer a Budget Smart Checking account that rewards good financial behavior. With a Budget Smart Checking account, you can enjoy the ease of access to your funds with a debit card and free access to online budgeting tools to help you out.

With this account, you’ll also be eligible to level up to a regular checking account in as little as 12 months as long as no more blemishes pop up. This account costs only $5 monthly and requires a $25 deposit to open the account.

With plenty of locations, it will be easy to find a branch when needed. BancorpSouth has over 25 branches in Tennessee. You can find them in cities including Memphis, Millington, Trenton, Alamo, and many others.

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Cadence Bank
Rather than using ChexSystems, Cadence Bank will look at your credit report to determine if you’re eligible for a checking account. It’s important to note that they require a credit score of at least 675 at the time of account opening.

My Way Checking is their most basic account that comes with a bunch of additional services for a low cost. There is a $50 minimum opening deposit as well as a low $8 monthly service fee that can be waived if you keep an average balance of $250 or more. We like this account because it comes with unique benefits like cell phone protection, buyers protection, and ID theft aid.

Cadence Bank has four branches located in Tennessee. Visit one of their convenient branches in Memphis and Germantown to get started!

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Commercial Bank and Trust
In lieu of using ChexSystems, Commercial Bank and Trust runs a credit report. They require that you have a credit score of 600 or more to be approved for a checking account. They also look at the number of negative entries on your credit report during that process.

We recommend their Simply Checking account if you want access to various benefits while avoiding unnecessary fees. With this account you’re able to enjoy a free MasterCard check card, access to online banking with bill pay, and mobile check deposit tools. There are no monthly service charges or minimum balance requirements.

To get started, you will need a minimum opening deposit of at least $50. Commercial Bank and Trust has branches located in Union City, Memphis, Paris, and Jackson for your convenience.

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Community Trust Bank
Rather than using ChexSystems, Community Trust Bank refers to EWS to determine if you’re eligible for an account. If you have only had issues with ChexSystems banks in the past and haven’t been reported to EWS, you should be able to get an account.

We like their Flexible Checking account because it has the least amount of fees and still offers notable benefits. In addition to a debit card and monthly statements, you will get your first 20 checks for free. The opening deposit is a steep $100, but after the account is open there are no monthly service fees or balance requirements.

Community Trust Bank is primarily West Virginia-based, but they have several locations in Tennessee. You can find their branches in LaFollette and Clinton.

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Discover Bank® Cashback Debit Checking Account
No. Fees. Period. That’s how Discover Bank promotes its Cashback Debit Checking Account. And, after conducting our research, we can say that’s mostly true. In fact, the only fees you’ll ever incur are for outgoing wire transfers and service charge fees if you use a non-Discover ATM if it is not part of the 60,000+ ATMs in their no-fee network.

As long as there are no past incidences of fraud on your ChexSystems report, Discover might be a great account for you.

Discover Bank® Cashback Debit Checking Account at a Glance

  • 1% cash back on up to $3,000 in debit card purchases each month
  • Access to 60,000+ fee-free ATMs; $510 cash withdrawal limit per day
  • Fee-free opt-in overdraft protection transfer service
  • Get paid up to 2 days early with direct deposit
  • Send and receive money with Zelle®
  • No monthly fee (no balance or activity requirements)
  • No fee for insufficient funds
  • Deposit cash at any Walmart — with no fees
  • Mobile check deposits
  • No deposit to open

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Evansville Teachers Federal Credit Union
If you have past checking account problems, Evansville Teachers Federal Credit Union’s Opportunity Checking offers you a second chance. This simple checking account has a low monthly fee of $7.50. After 12 months of good banking habits, you are eligible to move into a free Debit Rewards Checking account.

With Opportunity Checking, you have the choice of either an ATM or a debit card. You receive:

  • Free online banking and bill pay
  • Direct deposit
  • No minimum balance requirements
  • Standard checking fees for non-sufficient funds
  • Access to overdraft protection upon application
  • Up to 10 free ATM withdrawals each month

Evansville Teachers Federal Credit Union has locations in Franklin and Murfreesboro. Applying for this account can be done in person or online, and you don’t have to be a teacher to join. ETFCU has thousands of ways to be eligible.

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Fifth Third Bank | Get $200 Bonus
The Momentum® Checking account from Fifth Third Bank offers a very attractive new account bonus. And with no monthly maintenance fee, no minimum deposit, and no minimum balance required, banking is simple.

Fifth Third Momentum® Checking at a Glance

  • No initial deposit required
  • No minimum balance required
  • No monthly maintenance fees
  • Send and receive money with Zelle®
  • Extra Time overdraft avoidance
  • Mobile alerts for transactions
  • Get paid up to 2 days early when you enroll in Early Pay
  • Access to more than 40,000 fee-free ATMs nationwide
  • 1,200 branch locations
  • Enjoy unlimited check writing
  • Mobile and online bill pay and check deposit

Avoid Overdraft Fees

Fifth Third has an “Extra Time” overdraft feature where they provide an extra day for customers to cover any overdraft purchases that have hit their account. This feature provides you with some extra time to avoid overdraft fees and manage your account effectively.

Bank a $200 Bonus

Fifth Third will add $200 to your account when you make direct deposits totaling $500 or more within 90 days of opening your new account. Qualifying direct deposits include payroll, pension, or government payments such as Social Security. To receive the cash bonus, your checking account must be open and in good standing. Offer ends June 30, 2024. Member FDIC.

States Where Fifth Third Bank is Available

You can apply online if you live in one of the following 11 states: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, or West Virginia.

Paycheck Advances Through MyAdvance

MyAdvance is a cash advance service offered by Fifth Third Momentum that allows you to borrow a certain amount of money against your upcoming direct deposit. The fees for this service are based on your account’s age, and the amount you borrow will be deducted from your next direct deposit. This can be a useful option for covering unexpected expenses quickly and easily.

Opening a Fifth Third Momentum® Checking account is easy and takes only a few minutes. The combination of online banking tools, checking account features, and branch locations makes this a strong choice.

Open an account today!

First National Bank
People who are working to rebuild credit can open an On Us Account from First National Bank to help achieve their financial goals. If you have direct deposit and your e-funds score is below 586, this account is designed with you in mind.

The On Us Account can be opened with no minimum opening deposit. You will receive a free debit card and access to online banking with bill pay. The account also comes with semi-annual credit counseling to maximize your success.

To get started, contact First National Bank to open an account or visit one of their branches in Pulaski, Ardmore, Fayetteville, Lewisburg, and Several other cities and towns.

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First South Financial Credit Union
Instead of using ChexSystems, Telecheck, or EWS, First South Financial Credit Union pulls a credit report to determine if you’re eligible for an account. As long as your credit has remained somewhat decent, you should be able to get an account.

We recommend their Free Checking account for anyone who wants to avoid service fees and balance requirements. With this account you get a free debit card, access to online banking, and a few overdraft protection options. To get started, you will need to become a member, pay a one-time $10 membership fee, and deposit $25 into a savings account.

First South Financial CU offers membership to anyone who lives, works, worships, attends school, or volunteers in one of four designated locations in Tennessee. If you do not qualify, they advise you to give them a call to work something out. Visit their website or one of their branches in Dyersburg and Jackson to see if you’re eligible!

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Foundation Bank
We like Foundation Bank because they do not use ChexSystems or a credit report check when you apply for a new checking account. Out of their several account options, their Foundation Basic checking account provides you with a simple and affordable way to manage your money.

Foundation Basic includes all of the necessities like access to online and mobile banking, a debit card for everyday use, and free eStatements. You can also use mobile check deposit and bill pay services for a small fee. There is a $7 monthly service fee that can be waived if you complete two out of the three qualifiers:

  • Enroll in eStatements
  • Use your debit card for 12 or more transactions per cycle
  • Keep a minimum daily balance of $100 or more

To get started, you can fill out an application online and bring it to a branch nearest you. Foundation Bank has six locations in west Tennessee in cities including McKenzie, Paris, Buchanan, Alamo, Jackson, and Obion.

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FSNB (Fort Sill National Bank)
Fort Sill National Bank is an excellent choice for those looking for second-chance checking. Their Basic Checking Account does not require a credit check. We like that you aren’t required to direct deposit and you won’t pay high fees. If your account balance is over $75, your monthly service fee of $6 is waived. If your account balance is over $500, you begin to earn interest.

All you need is $5 to open an account at one of the convenient Tennesse branch locations located in virtually all WalMart stores in the state. The Basic Checking Account comes with:

  • A free Visa CheckCard
  • Unlimited check writing
  • Surcharge free ATM withdrawals at FSNB locations
  • Access to the Savings Round Up program
  • Online, mobile and text checking options

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GO2bank
GO2bank is an offering of pre-paid card giant GoBank and we think it’s a step in the right direction. Like some of the newer “challenger banks” GO2bank will deposit your direct deposit check up to 2 days early and has cashback rewards on several categories of purchases. This account also makes you eligible for the GO2bank credit card, which has no annual fee or required credit check.

One significant drawback to many online-only bank accounts is that they have no way to accept cash deposits. But GO2bank accepts cash deposits at over 90,000 Green Dot locations nationwide. However, participating retailers may charge you a fee.

If you direct deposit over $500, your monthly maintenance fee of $5.00 is waived. And, they offer a pretty sweet overdraft protection program, but it has a gotcha charge of $15 if you don’t replace the funds within 24 hours.

Account-holders will appreciate the ability to budget their money with the help of a mobile app, budgeting tools, and a savings vault. In fact, they pay 1% on all money in the saving vault up to $5,000.

Get a GO2bank account

Greater Eastern Credit Union
The Fresh Start Checking offered by Greater Eastern Credit Union is the perfect solution for anyone who has been denied a bank account due to a less-than-perfect ChexSystems report. This account has a monthly service fee of $10 but requires no minimum balance. It is worth mentioning, however, that they place a limit of 20 checks written per month. Features of this account include a VISA check card, no fees for debit card usage, free bill pay and mobile banking, and direct deposit and payroll deduction.

To open a Fresh Start Checking account, visit one of Greater Eastern Credit Union’s branches in either Johnson City or Jonesborough.

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GTE Financial
Go Further from GTE Financial helps put you on the path to a better checking account. If you don’t qualify for a traditional account, the Go Further account will help you get there in as little as 12 months. We consider this a low-cost second chance checking. As long as you make a total deposit of $500 for the month, opt to receive eStatements and make 15 monthly transactions, the $9.95 maintenance fee is waived.

GTE Financial is one of the largest credit unions in the US. Membership is open to anyone through easy requirements and an online application process. The Go Further account includes:

  • Free EMV-equipped debit card with built-in rewards
  • Online and mobile banking tools
  • Free bill pay service
  • Easy money transfers through the Popmoney service

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Hearthside Bank
Sometimes people struggle and need a chance to start again from square one. That’s why Hearthside Bank created its Square One Checking. With this account, you will need a $50 to opening deposit, plus a one-time $10 activation fee.

Hearthside Bank also offers Overdraft Privilege, which means they’ll notify you if your transaction will overdraft your account so that you can manage your finances with confidence. Square One checking also rewards you for directly depositing your paychecks by discounting the steep monthly service fee from $19.99 to $12.99.

Once you’ve shown positive progress and kept your Square One Checking account in good standing for long enough, you can move up into a traditional checking account once again. For more details on the Square One Checking account, you can visit their website or one of their branches located in New Tazewell, Jacksboro, and Harrogate.

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Heritage South Community Credit Union
Heritage South Community Credit Union offers their Rally Checking as an option for anyone who may not be eligible for a standard checking account. Even if you have been reported to a credit agency for negative checking account activity in the past, you may still be eligible to apply for this account. This account provides holders with a debit card.

This account is, however, closely monitored and may be closed without notice if Heritage South Community Credit Union flags any unusual activity with your account. On the flip side, six months of positive activity will make one eligible for overdraft privileges of up to $250.00, and twelve months will make you eligible to switch over to their regular checking account.

There are additional fees associated with this account that can only be discovered by visiting a branch location and talking to an employee in one of their five locations across Bedford, Marshall, and Rutherford counties.

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Highland Federal
Rather than referring to ChexSystems, Telecheck, EWS, or a credit report, Highland Federal only requires that you present two forms of ID when you apply for an account. It’s important to note that one form of ID must be government-issued. As long as you don’t owe Highland Federal any money, you should have no problem getting an account.

We like their Free Choice Checking because it includes all of the basics while avoiding unnecessary service fees. With this account you get a free MasterCard debit card, unlimited check writing, and even overdraft privilege upon approval. Plus, you won’t have to worry about any pesky monthly service fees.

To get started, you will need to make an opening deposit of at least $100. Visit their website or one of their two locations in Crossville to learn more!

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Holston Methodist Federal Credit Union
Second Chance Checking is an option offered by Holston Methodist Federal Credit Union that is perfect for anyone trying to repair their checking history. To open an account, you must deposit at least $50 at the time of account opening and pay a $10 monthly service fee. Unlike other options, however, only six months of positive activity will make you eligible to switch over to a standard checking account.

The account features free online banking and 24/7 phone banking, free bill pay, and a free VISA debit card.

Two instances of negative activity on this account in six months will make it eligible for closure, but the $10 service fee will be refunded for each of those six months if you show positive activity. To open an account, visit their location in Knoxville.

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Hope Credit Union
Hope Credit Union is looking out for those who need a second chance. If your credit is low or you’ve had issues with ChexSystems in the past, their Easy Checking may be a great option for you.

You’ll need to keep a $25 minimum balance, but the $9.95 monthly fee can be waived with a $200 minimum balance. Plus, there is an opening deposit of $25 that will be required. On the upside, you’ll get a free debit card and free eStatements along with online banking, bill pay, mobile/smartphone app, free telephone customer service, and free direct deposit.

Hope Credit Union has 4 locations in Tennessee all located in Memphis.

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Knoxville TVA Employees Credit Union
Rather than referring to your history with ChexSystems, Knoxville TVA Employees Credit Union runs a credit report to determine your eligibility. To be eligible to join the credit union, you must live, work, worship, or attend school in one of nine eligible counties in Tennessee.

They offer one general Checking Account that has no minimum balance and has no monthly fee if you enroll in eStatements. The account also comes with a free Visa debit card, bill pay services, and overdraft protection from a savings account.

To get started, you can visit their website to see if you’re eligible for membership! You can also visit one of their branches in cities including Alcoa, Kingsport, Maryville, Powell, and many others.

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Liberty Federal Credit Union
Liberty Federal Credit Union’s Opportunity Checking account offers you a second chance to prove you can manage a checking account. We like this account because you’re able to upgrade to a fee-free checking account after 12 consecutive months of good standing.

With Opportunity Checking you will receive an ATM or debit card depending on what you qualify for. You can make up to 10 free ATM withdrawals a month, plus, Liberty Federal will never charge you additional fees for using another bank’s ATM. You can also link your account with direct deposit, online banking, overdraft protection, and bill pay.

There’s a $7.50 service fee for this account and no minimum balance requirement. To learn more about this account, visit their website or visit one of their Tennessee locations in Franklin, Thompson’s Station, Spring Hill, and Murfreesboro.

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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!

Market USA Federal Credit Union
Market USA Federal Credit Union offers a second chance to those that have experienced checking difficulties in the past. Their Fresh Start Checking account is an excellent option for anyone who wants to rebuild a positive checking history while enjoying some of the benefits of a traditional checking account.

It’s important to note that direct deposit is required with this account. There are no minimum balance requirements, no monthly service fees, and a free Visa check card that is included. We like this account because it allows you to upgrade to a traditional checking account after only six months of good standing!

All Tennessee residents are eligible to become a member at Market USA FCU. Once you’re approved, all that is required is a $5 deposit into a savings account to establish membership. To join, you can apply for an account online. Unfortunately, they do not have any physical branches located in the state, but they do have several co-op shared branches that you can bank at.

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mph.bank Fresh Account
It’s a tall order to “Make People Happy” when it comes to banking, but that’s the stated mission behind mph.bank.

Powered by Liberty Savings Bank (established in 1889!), the mph.bank Fresh account does use ChexSystems, but as long as you don’t have more than 3 charge-offs totaling $1,000 or reports of fraud approval rates are very high. Fees for the account include a $9 monthly service fee and a $10 overdraft fee.

mph.bank Fresh Account at a Glance

  • $0 initial deposit to open account
  • Send and receive money with Zelle®
  • Access your account with your phone or computer
  • When coupled with a free savings account, earn up to 5.00% APY
  • Optional ability to round up charges and stash the cash into savings
  • Get paid up to 2 days early with direct deposit
  • Access to over 55,000 fee-free ATMs

Apply for a Fresh Account Today!

Navy Federal Credit Union
No matter your banking past, Navy Federal Credit Union offers traditional checking for all members in Alabama and across the US. With no review requirements of your banking history, NFCU is an excellent choice for active duty or retired US military, family members and government contractors. There are two banking choices to choose from: Active Duty Checking and Free eChecking.

Both account options come with a free NFCU debit card. There is no monthly service fee with direct deposit. Your account is protected from overdrafts with free savings transfers, a checking line of credit or an optional overdraft protection service. You also receive:

  • Free mobile deposits
  • Free bill pay
  • Free traditional name-only checks
  • Dividends credited monthly

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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 bill.com)
  • FREE sales and revenue analytics software

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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!

Renasant Bank
Even if you have a negative ChexSystem history, Renasant Bank offers you conventional checking options. As long as you don’t have an account in bad standing with Renasant, you can choose from several checking accounts. We recommend Simple Checking if you’re looking for a straightforward account with no strings attached.

One of the convenient features of Simple Checking is the ability to use Renasant’s Mobile Wallet with Zelle, Apple Pay, and Google Pay options. If you opt to receive eStatements instead of traditional paper statements, your monthly fee of $10 is waived. Renasant Bank checking accounts come with:

  • Online banking with online bill pay
  • Mobile banking app access
  • Renasant Debit Mastercard
  • Unlimited check writing

Renasant Bank has over 20 branches in the state of Tennessee in cities including Franklin, Nashville, Knoxville, Memphis, and many others.

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Select Seven Credit Union
Select Seven Credit Union offers their Second Chance Checking account to anyone struggling to open a traditional checking account due to past financial difficulties. This account includes many features from a traditional option and can help you get back on your feet.

Second Chance Checking includes a free Visa check card, checks for purchase, and optional courtesy pay for those that are approved. To open the account, you will need to deposit at least $50 and pay a $10 service fee each month. After 12 months of good standing, they will waive the service fee altogether!

Select Seven CU extends membership to anyone who lives, works, worships, or attends school in Washington, Carter, Unicoi, Sullivan, or Hawkins Counties in Tennessee. You can also join if you have a family member who already has an account. They have branches located in Johnson City, and Kingsport for your convenience.

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Staley Credit Union
If you are looking for a membership in a credit union focused on getting you back on your feet, we recommend Staley Credit Union. Their Renew Checking is a simple checking option designed to help you monitor your money.

We like that SCU offers Renew Checking customers easy overdraft protection services. If you happen to be short on checking funds, SCU simply transfers funds from your savings account or your Staley Visa Credit Card to cover the overdraft. They also offer a CardValet service that helps you to stay in touch with your money through account alerts and monitoring.

You can open an account easily on their website or at their branch in London, Tennessee with a $50 opening deposit. SCU checking accounts feature:

  • A debit card with EMV chip technology
  • Free access to Staley Online and Mobile Banking
  • Low $7 monthly service fee
  • Access to over 5,000 fee-free ATMs

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Synovus Bank
Synovus Bank will approve your checking account application by looking at your credit report instead of ChexSystems. Their friendly account specialists can help guide your checking account choice, but we recommend their Free Checking account as a good starting point to rebuilding your checking history.

With Synovus, you receive full access to your accounts through newly designed online experiences and an easy-to-use mobile app. All Synovus personal checking accounts come with:

  • Free unlimited ATM transactions at Synovus and Publix Presto! ATMs
  • Free Visa debit card with no annual fee
  • Apple Pay, Google Pay, and Samsung Pay compatibility
  • Overdraft protection options

You can apply online or in person. Synovus Bank has 11 branch locations across Tennessee with more popular locations in Brentwood, Chattanooga, Franklin, Goodlettsville, Hixon, and Nashville.

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The Tennessee Credit Union
The Tennessee Credit Union offers an account designed for those who have had past credit or overdraft problems. The account is called Restart Checking and its goal is to help you rebuild your credit history and work toward a successful financial future.

With Restart Checking, it’s important to note that they still use ChexSystems during the application process. If you have a record with ChexSystems but it’s not too severe, you may still be able to qualify for this account. Once you’re approved, the account comes with a free debit card and has an $8 monthly service fee. You will also need to deposit $25 into a savings account during the setup process.

There are several different ways to become a member at The Tennessee CU. To learn more, visit their website or one of their many branches in Nashville, Goodlettsville, Brentwood, Gallatin, Cookeville, Knoxville, Morristown, and Johnson City!

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UNIFY Financial Credit Union
Right Start Checking from UNIFY Financial Credit Union is perfect for those starting out with a new checking account. You can easily open a UNIFY account online or in-person with a $25 deposit. You aren’t required to have a minimum balance or direct deposit for this opportunity to build a positive checking account history.

All UNIFY checking accounts offer:

  • No monthly service fees or per-check fees
  • Free online eBanking
  • Free Visa debit card
  • Free UNIFY ATM access
  • Free online eStatements

UNIFY Financial CU has one branch in Tennessee located in Collegedale. They’re also in-network with several shared co-op branches across the state for your convenience.

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United Southeast Federal Credit Union
In lieu of ChexSystems, United Southeast Federal Credit Union utilizes Telecheck when screening new applicants. If your main issue has been with ChexSystems banks in the past, this may be a good alternative for you.

They offer their Premier Checking account that is loaded with nice features. In addition to identity theft protection services, you get one free box of checks per year and a Visa debit card to use for everyday purchases. This account also comes with online banking with mobile check deposit and has a low monthly service fee of $5.95.

To become a member at United Southeast FCU, you must live, work, worship, or attend school in Sullivan or Washington Counties. You can also join if you have an immediate family member who has an account with them. They have locations in Bristol and Johnson City.

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Varo Bank
Varo Bank is another internet-only bank with services based on their mobile apps for Apple and Android devices. Varo doesn’t charge fees at 55,000+ Allpoint ATMs and offers strong budgeting tools and automatic savings programs.

Opening an account is easy and Varo doesn’t check your credit or use ChexSystems. Varo doesn’t even require an initial deposit to open an account, either. There are never any monthly maintenance fees, account balance minimums, overdraft fees, foreign transaction fees, transfer fees, or debit card replacement fees.

Varo’s recent bank charter has them innovating more than ever. They have a very strong cashback program, a payroll advance option, and have started to offer their customers a secured credit card called Varo Believe.

Finally, if Varo receives a payroll notification before your payday, it can deposit your money more quickly than many banks.

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Walmart MoneyCard
Want to earn cash back on Walmart purchases – up to $75 each year? Then you might love the Walmart MoneyCard.

It’s a debit card that has some strong features such as cashback on Walmart purchases, overdraft protection, interest on your savings, and a mobile app that lets you track your purchases and deposit funds into your account.

Walmart MoneyCard at a Glance

  • Easy approval: no ChexSystems or credit check
  • No initial deposit is required and there are no monthly minimums
  • Deposit cash for free at any Walmart store and it shows up 10 minutes later
  • Deposit checks using the Walmart MoneyCard smartphone app
  • Easily request multiple cards for family use1
  • Manage your account from your computer or the smartphone app
  • 3% cashback on Walmart.com purchases, 2% cashback for Walmart fuel stations, and 1% cash back for use in-store2
  • Earn 2.00% APY on money you set aside in a free savings account3
  • With qualifying direct deposits4, you can opt-in and enjoy overdraft protection of up to $200 on eligible purchases5
  • No monthly fee when you direct deposit $500+ in the previous monthly period. Otherwise, there’s a $5.94 monthly fee.6

The Walmart MoneyCard is available in all 50 states, Washington D.C., and Puerto Rico.

Open an account today!

Wells Fargo
Wells Fargo changed the Opportunity Checking account to Clear Access Banking. And we like one change, in particular. Wells Fargo has done away with overdraft and non-sufficient funds (NSF) fees. Clear Access Banking is a debit card-only account (no paper checks available) and if you attempt to purchase something without sufficient funds, the transaction will be denied. That’s a lot better than having the transaction approved and then discovering you’ve been hit with a $35 overdraft fee.

There is a $5 monthly fee, but that is be waived for account holders 24 years old and younger. This account is available to residents in all 50 states.

  • The largest number of branches in the U.S.
  • Minimum deposit of $25 to open an account
  • Online bill pay and smartphone app
  • Mobile check deposit
  • Includes a Visa debit card
  • Send and receive money through Zelle
  • Additional features include account alerts, 24/7 fraud monitoring, and zero liability protection for your debit card

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Citibank Access Checking
The Citi® Access Checking account is a solid option if you’ve been blacklisted by ChexSystems or Early Warning Systems. As long as you haven’t been flagged for fraudulent behavior and don’t owe Citibank an outstanding amount, approval rates for this account are good.

There are no monthly service fees for the first 3 months after opening the account. The $5 monthly service fee can easily be waived after that time by depositing at least $250 per month.

We also like that there are no overdraft or returned item fees because if you don’t have enough money in your account, the item will be returned.

Citibank Access Checking at a Glance

  • 65,000+ fee-free ATMs
  • Send money to almost anyone with a U.S.-based bank account through Zelle®
  • No overdraft or NSF fees
  • $5 monthly fee can be waived with $250 in qualified direct deposits
  • $0 liability for unauthorized charges
  • Available in all 50 states and Washington DC
  • No minimum opening deposit

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Capital One 360 Checking
The Capital One 360 Checking Account uses a proprietary approval process that does not include ChexSystems and might be a solid option for those who have had past financial challenges.

Available in all 50 states and the District of Columbia, Capital One acts more like an online bank than one with over 400 branches in a few states. Its highly-rated smartphone app gives customers full control of their account and you can access everything from a computer, too.

Capital One 360 Checking at a Glance

  • No opening deposit is required
  • No monthly or annual fees
  • No minimum balance and no overdraft fees
  • Add cash to your account at CVS® locations.
  • No-fee access to over 70,000 ATMs nationwide
  • No foreign transaction fees when traveling abroad
  • Deposit checks and pay bills with the smartphone app
  • Send and receive money with Zelle®
  • Early direct deposit feature
  • Monitor your credit score with Capital One’s CreditWise feature
  • FDIC insured account up to $250,000

How The Overdraft Feature Works

The account offers two overdraft services. The first is a free savings transfer where you link your checking account to a savings account. If you overdraw from your checking account, Capital One will cover the charge by making a transfer from your savings account.

The second option is a no-fee overdraft where the bank approves recurring debit payments, check payments, or bill pay payments even if it results in a negative balance for your account. To qualify, you’ll need to receive at least $250 in direct deposits during two of the three previous months.

Customer Service

In the era of chatbots and customer service-by-email, Capital One stands out for its personalized customer service. Once you set up an online account, you can chat 24/7 with a live customer service representative. If you want to speak with a representative on the phone, you can call between 8 a.m. and 11 p.m. Eastern Time.

The website is laid out well and easy to understand. The smartphone app is also easy to navigate and has received 4.9 out of 5 stars in the Apple store and 4.6 out of 5 stars in the Google Play store.

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Did we leave your financial institution off this list of The Best No ChexSystems and Second Chance Banks and Credit Unions? Has there been a change in any of the listings? Please let us know.

Best Second Chance Banks by State

To find more information and additional options available in your area, select your state from the list below and explore your options.


Additional Chime Disclaimers:  Back to Chime Review Chime is a financial technology company, not a bank. Banking services and debit card issued by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.

1Eligibility requirements apply. Overdraft only applies to debit card purchases and cash withdrawals. Limits start at $20 and may be increased up to $200 by Chime. See chime.com/spotme.

2Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM. Cash deposit or other third-party fees may apply.

3Customers are limited to three $1,000 cash deposits at Walgreens each day and $10,000 each month.

4Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We 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.

5Sometimes instant transfers can be delayed. The recipient must use a valid debit card to claim funds. Once you are approved for a Chime Checking Account, see your issuing bank’s Deposit Account Agreement for full Pay Anyone Transfers details. Please see the back of your Chime debit card for your issuing bank. See Terms and Conditions.

6The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of September 20, 2023. No minimum balance required. Must have $0.01 in savings to earn interest.

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.

Additional Walmart MoneyCard Disclaimers:  Back to Walmart Review

1Family Accounts: Activated, personalized card required. Other fees apply to the additional account. Family members age 13 years and over are eligible. Limit 4 cards per account. See Deposit Account Agreement for details.

2Cash back, up to $75 per year, is credited to card balance at end of reward year and is subject to successful activation and other eligibility requirements. Redeem rewards using our website or app. You will earn cash back of three percent (3%) on qualifying purchases made at Walmart.com and in the Walmart app using your card or your card number, two percent (2%) at Walmart fuel stations, and one percent (1%) on qualifying purchases at Walmart stores in the United States (less returns and credits) posted to your Card during each reward year. Grocery delivery and pickup purchases made on Walmart.com or the Walmart app earn 1%. For the purposes of cash back rewards, a “reward year” is twelve (12) monthly periods in which you have paid your monthly fee or had it waived. See account agreement for details.​

3Interest is paid annually on each enrollment anniversary based on the average daily balance of the prior 365 days, up to a maximum average daily balance of $1,000, if the account is in good standing and has a positive balance. 2.00% Annual Percentage Yield may change at any time before or after account is opened. Annual Percentage Yield is accurate as of 5/15/23.

4Direct Deposit: Early availability of direct deposit depends on timing of payroll’s payment instructions and fraud prevention restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period. Make sure the name and social security number on file with your employer or benefits provider matches what’s on your Walmart MoneyCard account exactly. We will not be able to deposit your payment if we are unable to match recipients.

5Opt-in required. $15 fee may apply to each eligible purchase transaction that brings your account negative. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid the fee. We require immediate payment of each overdraft and overdraft fee. Overdrafts paid at our discretion, and we do not guarantee that we will authorize and pay any transaction. Learn more about overdraft protection.

6No monthly fee with qualifying direct deposit, otherwise $5.94 a month. Waived when $500+ is loaded in the previous monthly period. First monthly fee occurs upon first use, the day after card activation or 90 days after card purchase, whichever is earlier.

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