Credit can be a major factor when it comes to banking. Most major banks will run a soft credit check when you apply for a checking/savings/credit account. Many banks will deny you if you have debt owed to banks that you have previously owned. It can be extreme difficult to open a simple checking account with a low credit score. In 2021, most jobs require that you set up Direct Deposit. Not only is it more convenient but there can be many benefits from Direct Deposit. It may seem like you have no other options other than to settle for that paper check, or maybe you want to shop online. Well don’t be alarmed, because there is hope!

There actually are some banks where you can open you up a checking account with NO credit or ANY credit. The first one I want to tell you about is

1. Chime – Chime Bank offers so many benefits to those with low credit or no credit at all! Chime will open you a checking account with ANY CREDIT or NO CREDIT! Plus there are some sign-up benefits that we will get around to here in a bit.

Chime benefits include:

• NO FEES (MONTHLY, TRANSFERS, LOW BALANCE) NONE!!!
• NO SIGN UP FEES
• FREE CHECKING AND SAVINGS ACCOUNT
• FREE TRANSFERS TO FRIENDS USING CHIME
• TWO DAY EARLY DIRECT DEPOSITS
• SPOT ME ACTIVATION
• FREE AND UNLIMITED TRANSFERS BETWEEN CHECKING AND SAVINGS
• GET PAID UP TO TWO DAYS EARLY !!!
• SPOT ME UP TO $100
• FREE MONEY FOR REFERRING FRIENDS/FAMILY $100 PER REFERRAL FOR YOU AND FRIEND

Chime ALSO offers another option for those looking to build or establish credit and thats there Secured Credit Card.

Most Secured Credit Cards require that you make purchases and pay back the balance with a percentage added on in order to give positive report to the Credit Bureau. Well with Chime all you have to do is simply apply for the Credit Card and you will have an open credit account. Chime will never impact you negatively only positive. Chime will allow you to not make any purchases with your credit card and still receive monthly reports to Equifax and Trans union. If you open up a Credit Karma account, you can keep track of these reports. Chime will faithfully report “ good credit standing” every month whether you use the card or not!!!! This is so wonderful because it will never hurt your score.

In my personal experience, and a couple of friends I have recommended chime will boost your score between 20-30 points every month if you have an open credit account with them, and remember this includes no hidden fees!

To sum this up, Chime Bank is a wonderful option that comes with many benefits!

Not only are you able to open a Checking/Savings account with no fees, no credit, and bad credit but you also get paid two days early whaaaat! And you can build and/or establish some credit by opening a credit account and every one is welcome!

To get started, sign up here and receive $100 when you join Chime and receive a qualifying direct deposit! https://chime.com/r/tanasiapayton2