The webs best source for up-to-date information and lists of non-chexsystems banks and credit unions and ones that are Chex-Friendly and 100% Free!
Chexsystems verifies your checking activity and functions as a consumer credit reporting agency. Most banks and credit unions use it when opening a new deposit account. Because Chexsystems is a credit reporting agency, it is your right to dispute with chexsystems.
Just as you can ask for one free credit report every year, you can also ask for a Free chexsystems report once a year. As a consumer, you can question any information in Chexsystems, and you can also dispute entries and the evidence that supports the reported activity.
Chexsystems is not a fair system.
Many have objected to its reporting practices, stating that the system does not report fairly, and unlike credit bureaus which have both positive and negative information on your credit report, Chexsystems only contains negative information. This jeopardizes your reputation as a consumer, when you would otherwise be qualified to open checking accounts.
Another growing problem I am seeing is Early Warning Services. More and more people are being denied accounts because of EWS. Banks that never used and still do not use Chexsystems are now using EWS. Almost everyone that has been reported to Chexsystems is also reported to EWS.
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.
Over the past 7 years I have spent my spare time helping people in chexsystems find banks and credit unions that do not use chexsystems or ones that are willing to help them. I help thousands of people each year to find the personal and business accounts that they need.
My lists have specific details about these banks, so you are not applying for an account blindly.
We have always accepted donations but are now asking that you donate to the following cause:
Donations
