Tag Archives: Alabama Bank Account with Bad Credit
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
- Discover Bank – Open a Discover Bank savings account online instantly and earn a rate 5x the National Savings Average with a low opening deposit and access to your cash anytime. The opening deposit is $500 but you have 30 days to make a deposit at a local branch or by setting up direct deposit. You can also make your opening deposit by mail. Discover Bank is currently offering a $50 bonus if you also open a checking account. You have to have either a Discover Savings account or credit card to open a Discover Bank checking account. No Credit Check Checking Account in Mobile, Alabama open a second chance checking account in alabama
- Regions Bank – Open a LifeGreen Checking account online and get a $50 Bonus To receive $50 Free, have one Visa® Check Card transaction, one direct deposit of at least $10) and enroll in online statements through Regions Online Banking. With Regions LifeGreen Checking, you can get CashBack Rewards®cash back rewards by using your a Visa® CheckCard. Regions Bank has hundreds of locations nationwide and many branches in Alabama, including Hoover, Huntsville, Birmingham, Mobile, Montgomery, Alabama, and others.Bad Credit Checking Account in Alabama
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.