There are a variety of reasons why people in Hawaii don’t have a checking account. A study by the FDIC explains that 3% or approximately 14,000 households in Hawaii don’t have anyone in their home who has a checking or savings account.
A large percentage of these households cite that they cannot keep up with the minimum balance requirements or they have been denied an account due to a bad banking history. If you’ve ever attempted to open a checking account and have been rejected due to your history with another banking institution, you may have been reported to ChexSystems. This consumer reporting agency is used by over 80% of banks in the country and keeps a database on consumers’ banking history.
Fortunately, finding a bank or credit union that will let you open a checking account is not as difficult as it seems. Our job at CheckingExpert.com is to help you find a banking institution that will look beyond your ChexSystems record and offer you a second chance. In addition, there are also many banks out there that don’t use ChexSystems at all. Here are the banks and credit unions in Hawaii that want your business!
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Best Second Chance Banks by State
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