Online Business Checking Account with No ChexSystems: Top US Options

While it’s not common for banks to perform a credit check when you open a business checking account, many will take a look at your past usage of checking and savings accounts through ChexSystems.

This blog post will explore some of the best business checking accounts with no credit check if you’d prefer to avoid any type of credit check.

Find out more about Wise Business

Do Business Bank Accounts Require a Credit Check?

No, generally speaking, it would be highly unusual for a bank to run a credit check when you open a business checking account.

Business bank accounts have little to no bearing on your credit score, because they aren’t providing you with a line of credit. If you aren’t required to pay money back, then there’s no credit to check in the first place.

What bank account can I open without a credit check?

Since most banks don’t need to run a hard credit check when you open a new business checking account, you have lots of options available to you. However, if you wish to avoid a bank with a ChexSystem report, you’ll likely have to choose an online-only bank.

Can you open a checking account without credit?

Put simply, yes, since most banks don’t require a hard credit check, you can open a basic account without credit.

Top Banks Offering Online Business Accounts with No Credit Check

Mercury

Mercury offers a solid business checking account if you’re in the tech world and need robust digital banking tools to support your growth.

Mercury Treasury offers interest on balance over $500,000, making it a valuable investment if you’re scaling. This business checking account might not be suitable for you if you’re a sole proprietor or just starting out in business.

Novo

Novo is a great option if you make a lot of transactions and rely on one of the major payment processors like Stripe or PayPal. Novo Boost lets you expedite payments that go through these payment processors so you can receive funds faster.

Novo doesn’t offer interest on your funds, though, so it won’t help you grow wealth as well as other banking options might.

Revolut

Revolut’s free business checking accountis a versatile option for businesses of all sizes. It provides you with access to local accounts in various currencies. You can easily do business overseas without being blind sided by significant exchange fees.

As an e-money account, your funds won’t be protected by the Financial Services Compensation Scheme (FSCS) with a Revolut free account.

Discover the Wise Business account: The Easy Way to Manage Multiple Currencies

If you’re looking to grow your business to include overseas transactions, Wise Business might be a good option. Wise allows you to receive funds like a local with major currency account details and international payments at the mid-market rate.

Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. You can also send money to 140+ countries.

Sign up for Wise Business to enjoy:

• No monthly fees
• QuickBooks integration to track bill payments
• Multiple currency management in one place
• Access to 40+ currencies

Register with Wise Business 🚀

Features to Consider When Choosing an Online Business Account With No Credit Check

When setting up a business account that doesn’t require a credit check or ChexSystems report, there are various factors to consider. This ensures you end up with the right bank for your needs.

No Credit Check vs Traditional Accounts

You can be denied the opportunity to open a business checking account due to failing a ChexSystems report. In this case, you might find that a no credit check account is the most suitable option for you. This is especially true if you suspect that you might not pass the report.

So what is the difference between an online business checking account with no credit check and a more traditional account?

Generally speaking, there aren’t too many differences between the two types of accounts. You’ll find more often than not that no credit check accounts usually come from neobanks or financial technology companies.

A neobank is a financial services company that offers products and services to customers. It does so through a partnership with an established bank.

This means that you’ll likely be restricted to online-only banking. Most brick-and-mortar banks will run ChexSystems reports.

Bank Reputation

The reputation of a bank with no credit checks is one of the best ways to determine whether it’s a reliable financial institution to bank with.

To get a good idea of a bank’s reliability, it pays to look at what previous customers have to say. Using websites such as Trustpilot, you can easily scan through customer feedback relating to various banks. This makes it easier to make an informed decision.

You can also filter the reviews to find information related to your banking needs, to see if the bank in question is likely to accommodate your specific situation.

Type of Business

The type of business you operate and your status as an entrepreneur could also have a significant bearing on the type of no credit check account that would work best for you.

For example, as a sole proprietor, you might value a low-cost solution that makes it easy to budget and manage your finances as you grow your business. Whereas if you have an established and/or rapidly-scaling business, you might appreciate more fiscal protections or interest-earning features.

Features on Offer

Business checking accounts that don’t require a credit check can vary in the features they offer.

Depending on what you need the account for, it’s worth seeking out an account that supports your goals. Whether it’s integration with your existing tech stack or fee-free transactions, you should be able to find an account that works best with your needs.

	Author:
	Sam is a UK-based copywriter with 4+ years of experience writing for SaaS and eCommerce brands. He creates comparison guides, informative blog posts, and covers other finance-based topics.

	Editor & Business Expert:
	Panna is an expert in US business finance, covering topics from invoicing to international expansion. She creates guides and reviews to help businesses save time and make informed decisions. You can read more useful business articles on her author profile.

Sources used :

Sources last checked on 03-February- 2025.