No ChexSystems Savings Accounts

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As it becomes increasingly difficult for consumers with a ChexSystems record to open a regular checking account, a no Chexsystems savings account can be a good alternative.

Although there are alternative financial services for consumers without bank accounts such as check cashing stores, money orders or prepaid cards, these options are estimated to cost the unbanked up to $1,200 yearly according to the Federal Reserve Bank of St. Louis.

More importantly, a check cashing store or prepaid card account does not afford consumers the opportunity to build wealth. It is very difficult to save money and build wealth or simply have a safety net for emergencies if you have no formal financial institution to store your money.

Stop storing or loading money on a prepaid debit card without yielding any interest.

Online savings accounts typically have higher-yield interest rates due to the little overhead of having few; if any, local branches.

Online No-ChexSystems Savings Account

1. Chime Savings Account

The Chime Savings Account earns 0.50% APY on all balances. However, you’ll need a Chime Spending Account to be eligible for the savings account. The Chime Spending Account is free, along with the free savings account. Plus, applying for will not impact your credit score or ChexSystems record.

Chime Spending Account Details

  • No monthly maintenance, service, overdraft or foreign transaction fees
  • No minimum to open or maintain
  • Access to 38,000 fee-free MoneyPass® and Visa Plus Alliance ATMs
  • Free Chime Visa® debit card
  • Receive direct deposits up to two days early
  • No interest rate

Chime Savings Account Details

  • Save by rounding up every purchase to the nearest dollar
  • Automatically transfer 10% of every paycheck to your savings
  • No monthly fees
  • No minimum to open or maintain
  • 0.50% APY

Learn More


2. Aspiration Spend & Save Account

The Aspiration Spend & Save Account can earn up to 1.00% APY. To earn 1.00% APY on Aspiration Save Account balances up to and including $10,000.00, qualifying customers must spend $1000 or more, monthly, with their Aspiration debit card. Balances over $10,000.00 will earn 0.10% APY.

Aspiration's Spend & Save account is a cash management account offered by Aspiration Financial, a broker-dealer, not a chartered bank. It allows you to spend and save money in the same place.

Aspiration Spend & Save Account Details

  • No ATM fees at 55,000+ ATMs – Unlimited fee-free ATM withdrawals at Allpoint ATMs.
  • Get a digital debit card – Use instantly while your physical card comes by mail.
  • Up to 10% cashback on debit card purchases from the Spend part of the account.
  • Pay your bills – Schedule bill payments in the app.
  • Cash Back Rewards – Plus extra rewards for spending at businesses with a conscience.
  • Choose your own monthly fee
  • Cell phone protection

Learn More


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