Does Carolina Trust Federal Credit Union Use ChexSystems? Is it Good for Bad Credit?

Considering Carolina Trust Federal Credit Union or already applying for its account? Find out whether Carolina Trust Federal Credit Union uses ChexSystems and offers a second chance checking or savings account.

You walk into your local bank branch and sit down with your bank representative to talk about opening a checking account. Maybe you’ve been through some financial difficulties in the past, but you are ready to get back on track. But maybe not. You may think your financials are in good shape.

You wait with bated breath through the application process, only to let it out in a sigh of disappointment.

The banking representative turns to you and says, “I’m sorry, but we can’t open an account for you right now. You were rejected by ChexSystems.”

At that point, the banker probably explained ChexSystems to you in detail. If you haven't already, you can read our in-depth guide to ChexSystems and ChexSystems removal, and why it may be having a negative impact on your financial life.

Denials like these are surprisingly common. In fact, CNN has reported that approximately 15% of bank applicants are denied regular bank accounts.

Carolina Trust Federal Credit Union

Several members of our community have reported that Carolina Trust Federal Credit Union DOES use ChexSystems but you can still qualify for an account if you don't owe any money to the bank. A second chance checking or savings account is another option to consider. Check out their financial products below and visit the official website to learn more.

Top Banks That Don’t Use ChexSystems

Below you will find banks that don’t use ChexSystems as an alternative to Carolina Trust Federal Credit Union in any step of the process. You can be sure that these banks won’t ever cross reference your records before deciding whether to let you open an account.

The list is suggested by our readers. Please consider the Unchex editor's curated list of banks that don't use ChexSystems for all the banking options available nationwide.

Editor's Choice

CIT Bank

The CIT Bank Savings Connect account is the best among banks that don’t use ChexSystems. Unlike many other non-ChexSystems accounts, the CIT Bank Savings Connect is also a high-yield savings account that can help grow your savings much faster than most other banks can.

Features and Benefits:

  • Interest-bearing
  • Minimum balance requirement: $0
  • Monthly maintenance fee: $0
  • Monthly ATM charge reimbursements of up to $30

Why is it recommended for you?

Although CIT Bank has a relatively high minimum deposit ($100) to get started, it offers one of the best interest rates among online banks, and has no opening, monthly servicing, online transfer or incoming wire fees.

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The Best Alternative

The Complete ChexSystems Removal Kit

Our comprehensive ChexSystems Removal Guide includes the exact documents and instructions guaranteed to help you get off ChexSystems and start banking again.

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Main Office
1010 21st Ave N Myrtle Beach, SC 29577-7485
Deposit Insurance
Established On
Jerry Miller
South Carolina
Number of Members
Community Bank
Institution Class
Federal Credit Union - Community credit unions
Institution Type
Credit Union
Credit Union Programs
Mortgage Processing, Brokered Certificates of Deposit, Approved Mortgage Seller, Deposits and Shares Meeting
Low Income Designation
Member of FHLB
Total Assets
Asset Concentration
Charter Number
Routing Number
Membership Eligibility

If you live, work, worship, volunteer, or attend school in Horry, Georgetown, Marion, Williamsburg or lower Florence County (south of Lynches River), then you are eligible for Carolina Trust membership.

Accounts Offered
Electronic Services
Account Balance Inquiry, New Share Account, Electronic Signature Auth./Cert., Share Draft Orders, Share Account Transfers, New Loan, Loan Payments, Remote Deposit Capture, e-Statements, View Account History, Member Application, Download Account History, Internet Access Services, Bill Payment
Access to Electronic Services
Automatic Teller Machine (ATM), Audio Response/Phone Based, Home Banking via Internet Website, Mobile Banking
Services & Products: Credit
Participation Loans, Business Loans, Real Estate Loans, Overdraft Protection/ Courtesy Pay, Interest Only or Pymt Option, Indirect Consumer Loans, Micro Consumer Loans, Share Secured Credit Cards, Risk Based Loans, Credit Builder, Overdraft Lines of Credit
Services & Products: Depository
No Cost Share Drafts, Business Share Accounts, Share Certificates with low minimum balance requirement, Health Savings Accounts, Individual Development Accounts
Services & Products: Financial Education
Financial Education, Financial Literacy Workshops, First Time Homebuyer Program, Financial Counseling
Services & Products: Other
No Cost Bill Payer, Insurance/Investment Sales, Student Scholarship, Bilingual Services
Services & Products: Transactional
No surcharge ATMs, Check Cashing, ATM/Debit Card Program