| If you are looking for a non-Chexsystems bank | | | | considering a new checking application. If you are |
| institution, you already know how difficult it can | | | | looking for non-Chexsystems bank institutions, |
| be to get approved for a new checking account. | | | | here are 3 things to look for: |
| And, you have probably already heard of this | | | | 1. Find one that promotes itself as a "second |
| thing called Chexsystems which is making your life | | | | chance checking" bank: The easiest way to find |
| harder than it needs to be. | | | | such a bank is to look for one that advertises |
| Essentially, Chexsystems is just a simple reporting | | | | itself as a second chance checking bank. |
| system or database that banks use to share data | | | | 2. Make sure that the one you choose is |
| on other banks about their past customers. Your | | | | FDIC-insured: As with any bank, make sure the |
| name only makes it into Chexsystems if you | | | | one you choose to apply to is FDIC-insured. There |
| have done something in the past which made | | | | is no sense in putting your money at risk when |
| your bank believe you are a credit risk. For | | | | you can find an FDIC-insured bank. |
| example, you might owe them money for one or | | | | 3. Be sure that they offer an online banking |
| more charges the bank covered on your behalf. | | | | option: Online banking is a modern wonder, so you |
| And, once your name is in the system, it is very | | | | might as well have your next bank be one that |
| hard to get it removed. | | | | offers it. |
| That is why locating a non-Chexsystems bank is | | | | Finding a bank that will allow anyone to open an |
| so important. These banks make it their policy to | | | | account - regardless of credit history - is a piece |
| never even look at Chexsystems when | | | | of cake, if you know where and how to look. |