We have researched banks all over the US. We have found banks that will open accounts for those reported to chexsystems even when ALL the others say NO.
Most reported to chexsystems are being approved for both savings and checking (payment account) with HSBC Direct.
The HSBC Direct Online Savings Account has no monthly fees and requires no minimum balance. We offer consumers competitive Annual Percentage Yield (APY). HSBC Direct can be connected to any checking account, at any bank. Deposits and withdrawals are easy and convenient, too. And Applying is easy! Just go to “Open an Account” on HSBC Direct’s web site and follow the simple instructions.
If you have been reported to chexsystems, generally you would want to look for a bank that uses Telecheck or a credit report instead. If you have been reported to both chexsystems and telecheck, you would generally look for a bank that uses only a credit report.
Some banks will use a credit report and actually view the credit itself while others will only use it for identity purposes. If you have to choose a bank that uses only a credit report and your credit is not great, then you would look for one of these banks. I have found some banks that actually do not use chexsystems, telecheck or a credit report. These are banks that use an valid ID only.
Local banks are listed by each state and options vary depending on where you live. Some states have more options than others. I also have a list of banks that will open an account for anyone regardless of where you may live.