If you’ve even been in a situation where you are unable to open a bank account because of past financial troubles, then you are not alone. More and more people are finding themselves on the enemies of the chexsystem network. Chexsystems is a huge network that tracks so called bad banking clients. If you ever end up on this list, you will be unable to open a bank account with pretty much any modern bank. However, there is some hope. You can find a non chexsystems bank list that will list various banks that are not on the chexsystem list. Or, you can look into a special online second chance checking account that created for people like you, people who can’t open regular bank accounts because of ChexSystems.
Now how do you get one of these lists? Many sites will offer to sell you a non chexsystem bank list. But the information found on these lists is either flat out wrong or out of date. What you can do is make your own list. The first thing you can do is write down a list of your local banks to call. This will take some effort on your part – you are going to have to call each local bank one by one and ask if they are on the ChexSystems networks. There are still a few non chexsystems banks out there, but you are going to have to hunt from them.
Don’t think you can visit a bank website to get this information. Banks, for security reasons, won’t publically share whether they are on the chexsystems network or not. You are going to have to call them. You may luck out and find a local bank that does not use the Chexsystems network. Most of the large bank chains do use this network, so your best bet is to look for small banks or credit unions.
Your other option is to look at opening a second chance bank account. 2nd chance accounts are basically internet checking accounts for people with bad credit. Pretty much anyone can open one of these accounts online. You are given all the regular services that a normal bank account offers, but you do everything online. You are even sent a debit card that you can use to withdraw money from your account. You will pay more money for this type of account, however. The good news is that you can use a second chance account to build up your banking “credit”, so you can quality for a regular bank account in a year or so.
Of course, if you find a non chexsystems bank, you can open a bank account right away without needing to open any sort of internet bank account. It’s a good idea for you to spend some time doing your own research. If you look around online, you may be able to find non chexsystems bank lists available, but you will have to do some searching.
The key is never to give up. Just because you can’t open a bank account doesn’t mean you won’t able to open an account – you are just going to have to put more work into trying to find one. It’s inconvenient, yes, but it’s a necessary evil for you to establish a connection with the banking world, either through a non chexsystems bank or a second chance internet bank account.