Utah Second Chance Banks & Credit Unions

Nowadays, it can be really hard to find a bank that doesn’t use credit reporting agencies in Utah. But have no fear! Other options might be even better. A second chance bank account is a version of a standard checking account offered by a financial institution that doesn’t work with a credit reporting agency like EWS or ChexSystems. The bank can still check your history, but because it is a second chance bank, it offers an account with a slightly higher monthly payment.

At the end of the day, it’s not about giving out a loan or mortgage, but about letting you manage your funds!

Excite Credit Union

Excite Credit Union services 400+ enterprises, their families, and members in many counties in California and North Carolina. This credit union is so involved in the communities they serve that they even organize and support various charitable activities.

Those who have been denied a checking account in the past may receive a new start with Excite Credit Union’s Fresh-Start Checking account. A $15 monthly charge is required, and it cannot be canceled; neither can the $50 opening deposit. However, you will receive a Visa debit card for free, there are no ATM fees while using in-network ATMs, and you will receive four free out-of-network ATM withdrawals each month.

Learn more about Excite Credit Union

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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Cyprus Federal Credit Union

Cyprus Credit Union uses ChexSystems to screen new applications, but they also provide a second chance checking account to assist individuals who are rehabilitating their credit history.

To create a Fresh-Start Checking account, you must deposit $25 and pay a $5 monthly fee. Unlimited check-writing is included, as well as free online bill pay and online banking. With Cyprus Credit Union, if you maintain your savings account in the black for a year, then you may switch to a regular checking account without penalty.

Salt Lake City and West Valley are home to Cyprus Credit Union’s physical branches. Residents of Salt Lake City who are not linked to an existing member, or who work for a partnership firm, are not eligible to join. Membership in the Community Recreation Association is also open to anybody in Utah who donates $5 to the organization.

Learn more about Cyprus Federal Credit Union

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