Many people find out that they are on the ChexSystems database by being denied the opportunity to open a checking or savings account. It may even come as a surprise. When an individual has bounced checks, kited checks, accrued NSF fees, or even had a negative balance for a specific amount of time; ChexSystems collects that person’s information and reports it for 5 years. Once your poor credit has been noticed you will no longer be extended the opportunity to bank with ChexSystems banks.
Even so, it is still often possible to find a bank that will extend services to you, although these will not be your average type of bank. Every state has what are sometimes called ‘last chance banks’ or ‘non-ChexSystems banks’ which provide services to customers with bad credit. These financial institutions accept you, knowing that you are a risk. This can mean that they may require a deposit to be held in reserve, in case of NSF fees, etc. or it may mean that they require some form of collateral. Either way, you are able to rebuild your credit by using these alternative banks or credit unions.
Wisconsin, however, does have one bank that is listed as ‘no credit check banks.’ You may want to call your local banks and credit unions and ask them about possible alternatives. This can be a major help if you are looking for a bank that will accept you as a customer.
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.
Non ChexSystems Banks in Wisconsin
- Abbots Ford State Bank www.abbotsfordstatebank.com
