If you have poor financial credit, many banks will consider you a risk. Risky behaviors include 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.
Approximately 80 percent of United States banks subscribe to ChexSystems, however, every state has what are sometimes called ‘last chance banks’ or ‘non-ChexSystems banks’ which provide services to customers with bad credit. If you are a customer with bad credit, this is your way to have somewhat of a normal banking experience. It is impossible to survive without a bank account, so these financial institutions can be a saving grace. Once you have survived five years, your name will be removed from the ChexSystems list and you can get into a normal bank.
These financial institutions accept you while knowing that you are a risk. This means that they may require some type of 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 or credit unions.
Maryland has several financial institutions that are Non ChexSystems Banks. You may want to start with these and see if they can provide the services 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 Maryland
Armed Forces Bank (888) 929-2265
Central Credit Union of Maryland Renew Checking
Clear Mountain Bank StartFresh Checking
More Non ChexSystems Banks in the US by State