Category Archives: Free Checking Accounts in Alabama
Applying for a Bank Account with Bad Credit Denied a Checking Account? No Credit Check Checking Accounts in Alabama. Bad Credit Banks with Free Checking Accounts Online.
When you apply for a new checking account in Alabama, some banks will check your complete credit report and score. Most banks won’t deny you a checking account because you have bad credit. Banks are more likely to deny your checking account because you are on Chexsystems for bouncing checks in the past or still have a negative balance from another checking account. Banks for Bad credit in Alabama banks get a checking account online with no credit check.
Several good banks in Alabama do not use Chexsystems and will not check your credit. You can get a checking account online at Regions Bank and they even have a current promotion for a $50 bonus which will be credited to your checking account after your first purchase with your new Visa Check Card. You can open the free checking account online with no deposit, then you have 30 days to add direct deposit, mail in the deposit or stop by a Regions Bank branch. The Checking Account also has a rewards program so using the Check Card can also get you cash back.
Another no credit check or Chexsystems Checking Account in Alabama with no monthly fees is Scottrade Bank. You get your first set of checks free and can make deposits at over 500 local branches. The Scottrade checking account has no monthly fees, no opening deposit, no maintenance, withdrawal, transfer or ATM fees, including most cash withdrawal fees charged by other bank’s ATMs.
The Best No Credit Check Checking Accounts in Alabama
- USAA Bank Alabama Banks with No Credit Checks Alabama No Credit Check Checking
- Scottrade Bank Bad Credit Checking Accounts Online Alabama No Credit Check Checking
- Regions Bank No Credit Check Checking Account
Why Banks Do Credit Checks
To prevent terrorism and fraud, all banks are required by law to verify your identity in the form of a “soft pull” of your credit report. A soft pull of your credit report won’t lower your credit score. The bank only checks to see that your name and address match up with the information on your checking account application. This is also where the bank gets information to make up the random identity confirmation questions during the process of applying for a checking account. and doesn’t give the bank can’t see detailed information about late car payments or bills in collection.
Banks requiring that your checking account is enrolled in overdraft protection in the form of a bank-issued line of credit, will require that you don’t have bad credit. The bank will conduct a “hard pull” of your credit report, meaning that the credit check itself will lower your credit score by 2 points. A hard pull lets the bank review your entire credit report and score. If you already know you have bad credit, avoid applying to banks that will do a hard pull of your credit.