If you have poor financial credit, many banks will consider you a risk. Banks consider a financial risk, someone who has bounced checks, kited checks, accrued NSF fees, or even had a negative balance for a specific amount of time. Oftentimes, once your poor credit has been noticed you will no longer be extended the opportunity to bank with ChexSystems banks.
ChexSystems is an agency that collects data on financial customers. They monitor for risks in order to protect banks and credit unions from extending services to people who have a habit of being financially irresponsible. While in the ChexSystems database, you will be ‘blacklisted’ for 5 full years.
However, almost every state has what are sometimes called ‘no credit check banks’ or ‘non-ChexSystems banks’ which provide services to customers with bad credit. These financial institutions accept you, knowing that you are a risk. By using their services you are able to rebuild your credit while learning how to properly use your accounts. However, this does not come for free. These banks usually make you put down a deposit or some sort of collateral in order to use their banking services.
Missouri has several financial institutions that are Non ChexSystems Banks. You may want to start with them and see if they can provide the services you are looking for. Of course, the Internet is a great resource to find Non ChexSystems banks.
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 Missouri