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.
Several members of our community have reported that First Trust 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.
Below you will find banks that don’t use ChexSystems as an alternative to First Trust 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.
|Main Office||950 E US Highway 20 Michigan City, IN 46360-7470|
|Number of Members||12,416|
|Institution Class||Federally Insured State-Chartered Credit Union|
|Institution Type||Credit Union|
|Credit Union Programs||Brokered Certificates of Deposit, Approved Mortgage Seller, Mortgage Processing|
|Low Income Designation||No|
|Member of FHLB||Yes|
|Membership Eligibility||First Trust serves anyone living or working in La Porte, Porter, Jasper, Newton, and Pulaski Counties of Indiana. We also serve Select Employee Groups of Starke and White Counties in Indiana.|
Services & Products
|Electronic Services||Share Account Transfers, New Loan, Loan Payments, Download Account History, Account Balance Inquiry, Share Draft Orders, New Share Account, Bill Payment, e-Statements, View Account History, Member Application|
|Access to Electronic Services||Audio Response/Phone Based, Mobile Banking, Home Banking via Internet Website, Automatic Teller Machine (ATM)|
|Services & Products: Credit||Business Loans, Real Estate Loans, Overdraft Protection/ Courtesy Pay, Indirect Business Loans, Indirect Consumer Loans, Risk Based Loans, Credit Builder, Debt Cancellation/Suspension, Overdraft Lines of Credit|
|Services & Products: Depository||Business Share Accounts, No Cost Share Drafts, Share Certificates with low minimum balance requirement|
|Services & Products: Financial Education||In-School Branches|
|Services & Products: Other||Student Scholarship, Insurance/Investment Sales, No Cost Bill Payer|
|Services & Products: Transactional||ATM/Debit Card Program, No surcharge ATMs, Money orders|