If you’ve recently applied for a checking account and were turned down due to a negative banking history, chances are good that you’ve been flagged by ChexSystems. Approximately 85% of all banks in the country use ChexSystems when you apply for a new checking account. If you’ve experienced things like unpaid debts or involuntary account closures at another banking institution, odds are you’ve been reported to ChexSystems.
ChexSystems is supposed to act like a safety net for banks and in an effort to weed out people who have committed fraud or identity theft. However, many everyday people get caught in the crossfire and are flagged for lesser offenses, resulting in them being blacklisted by the majority of banks out there.
It may be difficult to walk into any given institution and open a checking account. Our job here at CheckingExpert.com is to give you an up-to-date list of all the banks and credit unions in your state that want your business.
Fortunately, a lot of banks and credit unions offer second chance checking accounts, which are designed for anyone who has experienced a few banking mishaps in the past. In addition, there are a lot of banks out there that don’t use ChexSystems at all during the application process. In fact, they may not even check your credit score when you apply for a new account!
No matter what your situation may be, you still deserve a second chance and a checking account that will benefit your life.
List of Second Chance Banks and Credit Unions in Maryland for October 2022Open an account today!
Did we leave your financial institution off this list of The Best Second Chance Banks and Credit Unions in Maryland? Has there been a change in any of the listings? Please let us know.