Non Chexsystems Banks & Second Chance Checking

Non Chexsystems Banks

For the people who are unfortunately in Chexsystems, one way you can get a new bank account is by getting one from non chexsystems banks. Although the vast majority of banks will use Chexsystems before opening you an account, there are still a number of them that do not use that method for a financial history check.

Second Chance Checking Accounts

Second Chance Checking Accounts are also another great way of getting a new bank account. These accounts are made specifically for people who have had a rocky financial history, and need a fresh start. Any bank that you currently owe money to is not going to open a second chance checking account for you, so that is the last place where you should be looking for a new start. Some banks might charge you a monthly fee, but there are still free second chance checking programs available.

What is Chexsystems?

ChexSystems is a reporting agency for banks. They maintain a database of names of people who have had a bad history with bank accounts.

“The Chex Systems, Inc. network is comprised of member Financial Institutions that regularly contribute information on mishandled checking and savings accounts to a central location. ChexSystems shares this information among member institutions to help them assess the risk of opening new accounts.”

One way that will get your name listed on Chexsystems is to get a number of NSF Fees and not pay the bank back. That is one of the most popular ways people land themselves on the blacklist. For the most part, the existence of your name on the Chexsystems list means you are going to be denied a new account at a lot of banks.

Just like a credit report, you can get a free Chexsystems Report. You can get your free Chex Report by going to their site.