Do you have poor financial credit? If you have found yourself on the receiving end of the ChexSystems database, you may be wondering if you will ever be able open another bank account. If you have poor financial credit, many banks will consider you a risk. Most people end up in the ChexSystems database due to circumstances that include when you have bounced checks, kited checks, accrued NSF fees, or even had a negative balance for a specific amount of time.
Luckily, there are financial institutions that choose not to use ChexSystems as a method of screening customers. These financial institutions called ‘last chance banks’ or ‘non-ChexSystems banks’ provide services to customers with bad credit. These financial institutions accept you, knowing that you are a risk. While this can mean that they will require a deposit held in reserve, you should not have to pay for services that are normally free, such as making deposits or writing checks.
Don’t even think about doing without a bank account. It is just about impossible to survive without a bank account, so these financial institutions can be a huge help. Once you have survived five years, your name will be removed from the ChexSystems list and you can get into a normal bank.
Minnesota 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.
Nonchexsystems Banks in Minnesota
Adrian State Bank (507) 483-2447
Marquette Bank (612)661-3880
TCF National Bank (800) 823-2265
Second Chance Accounts in Minnesota
Minnesota Valley Federal Credit Union Second Chance Checking
Peoples Community Credit Union Second Chance Checking
Westconsin Credit Union Foundations Checking
More Non ChexSystems Banks in the US by State