Do you have poor financial credit? If you have found yourself on the receiving end of the ChexSystems database, you may be wondering if you will ever be able open another bank account. If you have poor financial credit, many banks will consider you a risk. Most people end up in the ChexSystems database due to circumstances that include when you have bounced checks, kited checks, accrued NSF fees, or even had a negative balance for a specific amount of time.
Luckily, there are financial institutions that choose not to use ChexSystems as a method of screening customers. These financial institutions called ‘last chance banks’ or ‘non-ChexSystems banks’ provide services to customers with bad credit. These financial institutions accept you, knowing that you are a risk. While this can mean that they will require a deposit held in reserve, you should not have to pay for services that are normally free, such as making deposits or writing checks.
Don’t even think about doing without a bank account. It is just about impossible to survive without a bank account, so these financial institutions can be a huge help. Once you have survived five years, your name will be removed from the ChexSystems list and you can get into a normal bank.
Minnesota has several financial institutions that are Non ChexSystems Banks. You may want to start with these and see if they can provide the services you are looking for.
Please note that the information about non chexsystems banks changes each year (even month). We cannot guarantee any of the banks listed won’t do a non chexsystems check (though at the time of compiling, these banks don’t require a chexsystems check). You will have to call the banks to see.
If you have problems opening up a bank account, the best solution is to open up an online bank account here.
Nonchexsystems Banks in Minnesota