A basic bank account with no credit check can be hard to find, but they are widely available online. People use these when I have a hard time opening a normal bank account. There also used for kids and teenagers that are just starting out. These bank accounts do not do a credit check for oftentimes they have slightly higher fees than a normal bank. If you can’t get a normal bank account its not really that big of a deal to pay slightly higher fees.
These accounts used to be hard to come by, because they were too expensive or too risky for the company to run. Nowadays, there are lots of these banks that do not run credit checks. This is a good thing for those of us with bad credit. These banks now have to compete with each other, which means the fees are lower. This also means that they offer just as many features as a normal bank does. Another good thing about these accounts is that they are very easy to open. Most of them are totally free to sign up for and create an account.
A basic bank account with no credit check will have a few drawbacks. In my opinion, it’s not really even a drawback. With these accounts you cannot over withdraw them. You can only spend as much money as you have in your account. This is one of the main differences from a normal bank account. Most of these accounts even offer direct deposit. This makes it very easy for people to maintain their bills.