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 open a free checking account online with no deposit, then you have 30 days to add direct deposit, mail in the deposit or stop by a local branch.
The Best No Credit Check Checking Accounts in Alabama Bad Credit Checking Accounts Online Alabama No Credit Check Checking Account
- Scottrade Bank Open a checking account online with no opening deposit and no monthly or ATM fees, including most cash withdrawal fees charged by another bank. Free checks. Set up direct deposit online or make deposits at a local branch. Scottrade Bank has hundreds of locations nationwide and many branches in Alabama, including Hoover, Huntsville, Birmingham, Mobile, Montgomery, Alabama, and others. No Credit Check Checking Account in Mobile, Alabama Bad Credit Checking Account in Alabama
- USAA Bank Open a totally free checking account online with Free ATMs nationwide. Use any ATM for free and USAA Bank will even refund foreign ATM fees. USAA Bank and American Express are currently offering an American Express Secured Card that lets you choose your credit line. Your deposit is transferred into a interest-earning 2 year Certificate of Deposit. No Credit Check banks in Alabama Banks in Alabama with second chance checking accounts online
- Charles Schwab Bank Charles Schwab’s High Yield Investor Checking Account is highly rated and can be opened online with $0. You can add deposits later through direct deposit, bill pay, bank transfer or several other options. The account comes with a free brokerage account and a $100 Cash Sign Up Bonus at optionsXpress where you can practice trading stocks, options, futures, and ETFs on one platform. You also get free standard checks and a Visa Platinum debit card. There are no monthly service fees and you get unlimited, fee refunds from any ATM worldwide.
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.