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, most states have what are sometimes called ‘last chance 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 can mean that they may require a deposit to be held in reserve, in case of NSF fees, etc. 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.
North Dakota, however, does not have any banks or credit unions that are listed as ‘no credit check banks.’ You may want to call your local banks and credit unions and ask them about possible alternatives. You can also do an Internet search to see if there are non ChexSytems alternatives.
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 North Dakota
More Non ChexSystems Banks in the US by State