If you have ever tried to open a bank account and been denied, it could be because you have shown up on the ChexSystems database. ChexSystems is an agency that collects financial information on customers who repeatedly show they are a risk to banks. This includes when you have bounced checks, kited checks, accrued NSF fees, or even had a negative balance for a specific amount of time.
Oftentimes, once your poor credit has been noticed you will no longer be extended the opportunity to bank with ChexSystems banks. Your name and information will be held on file for 5 full years, thus preventing you from having interactions with financial institutions that subscribe to their service.
However, almost every state has what are sometimes called ‘no credit check banks’ or ‘non-ChexSystems banks’ which provide services to customers with bad credit. These financial institutions accept you, knowing that you are a risk. This means that they may require a deposit to be held in reserve or it may mean that they require some form of collateral. Either way, you are able to rebuild your credit by using these alternative banks.
Indiana has several financial institutions that are Non ChexSystems Banks. You may want to start with these and see if they can provide the services that you are looking for.
Please note that the information about non chexsystems banks changes each year (even month). We cannot guarantee any of the banks listed won’t do a non chexsystems check (though at the time of compiling, these banks don’t require a chexsystems check). You will have to call the banks to see.
We recommend trying to apply for the BBVA Compass ClearConnect Checking Account. This bank account can be applied for nationally and they have a reputation for giving accounts to customers with bad banking history — like you.
Even better, if you get your application rejected, they will offer you their Second Chance ‘BBVA Compass Easy Checking‘ Account. So either way, you should be able to get an account.
Non Chexsystems Banks in Indiana
Century Bank and Trust (866) 680-2265
First Indiana Bank (888) 464-5463
Key Bank (800) 539-2968
Republic Bank and Trust (888) 540-5363
Second Chance Accounts in Indiana
Centra Credit Union Opportunity Checking
Diamond Valley Federal Credit Union Fresh Start Checking
Evansville Teachers Federal Credit Union Opportunity Checking
Heritage Federal Credit Union 2nd Chance Checking
Horizon Bank Fresh Start Checking
Interra Credit Union Opportunity Checking
One Vision Federal Credit Union Rising Star Checking
Regional Federal Credit Union First Step Checking
Your Community Bank New Opportunity Checking
More Non ChexSystems Banks in the US by State