According to a study by the FDIC, 5.7% of households in Michigan are “unbanked”, meaning no one in the household has a checking or savings account. This may not seem like a large number, but it accounts for over 200,000 households in the state that don’t have any bank accounts at all.
There are plenty of reasons why people choose to live without a bank account. Many people don’t have enough money to meet the minimum balance requirements, while others distrust the big banks to keep their money safe. In addition, a growing amount of people are reported to a company called ChexSystems after dealing with banking hardships at a previous bank.
ChexSystems is designed to be a safety net to protect banks from people who use a bank account to commit fraud or identity theft. The problem is that ChexSystems ends up blacklisting everyday people for lesser offenses like unpaid debts, too many overdraft fees, or involuntary account closures. People make mistakes, so why wouldn’t you deserve a second chance?
Our job here at CheckingExpert.com is to give you options. Despite ChexSystems being used in the majority of banks across the country, there are still banks out there that want your business! Many institutions offer second chance checking accounts, which are designed for those who have had difficulties in the past. Others don’t use ChexSystems at all during the application process. In fact, some may not even look at your credit score to determine your eligibility!
Here are our top picks that we’ve researched that are sure to give you the checking account that you deserve.
List of Second Chance Banks and Credit Unions in Michigan for February 2023
Open an account today!
Chime® is a fast-growing internet-only financial company and our top choice for a second chance bank account.
And, best of all, Chime accepts almost all customers who apply. Even if you have bad or poor credit or have been blacklisted by ChexSystems or the credit bureaus.
Features include mobile deposits, direct deposit, online bill payment, NO monthly or annual fees, NO overdrafts fees1, NO credit check, and NO CheckSystems. Opening an account is super easy. It takes about 2 minutes and you don’t have to make an initial deposit. Here’s what we like:
No Monthly Fees
For the past couple of years, Chime’s huge growth has come at the expense of the big banks and their outrageous fees. And it’s one of the best features of a Chime account. There are no monthly or annual service charges, no minimum balance requirement, no foreign transaction fees, no fees at over 60,000 ATMs2, and no fees for mobile and online bill pay.
Deposit Cash for FREE at Over 8,500 Walgreens
Having access to a physical location for cash deposits is important to Chime members. And now it’s easy. All you have to do is go into a Walgreens store, hand the cashier the cash you want to deposit along with your Chime card, and the deposit will show up in your account immediately. This offers Chime members more walk-in locations than any other bank in the U.S. With over 78% of the country within 5 miles of a Walgreens, this is a significant benefit for millions.3
Smart Technology
Unlike big banks, Chime was created during the smartphone era and, therefore, features an app that is more than just a way for customers to review their bank accounts.
You can transfer funds to friends and family, Chime members or not… and they can claim their money instantly4 without any additional apps. The Chime app also has a series of notifications that you can turn on or turn off so you stay in complete control. Misplaced or lost your card? You can instantaneously turn off your card using the app. No wonder over 300,000 customers have given the app a 5-star review.
Customers First 
Chime was one of the first to offer a “round up” option. If you use your Chime card on a purchase of $10.65, Chime gives you the option of automatically rounding up to $11.00 and putting the remaining $.35 in your free Chime savings account. And that adds up over time! Plus, Chime pays 2.00% Annual Percentage Yield (APY)5 in interest on that savings account.
If you use direct deposit with your Chime account, you can get your paycheck up to 2 days early6. And Chime is just saying no to big bank NSF charges with a fee-free overdraft program up to $200. Finally, Chime just recently launched their Credit Builder credit card with no interest and no annual fee. We don’t think there is another company innovating for their customers like Chime.
Get a Chime Account Today!Chime is a financial technology company, not a bank. Banking services and debit card issued by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC. See additional disclaimers below.
NorthOne is a fast-growing company built specifically around business banking solutions for freelancers, entrepreneurs, and small business owners. In addition to dramatically streamlining the application process, NorthOne doesn’t check your credit and doesn’t use ChexSystems. Here’s a recap:
- FREE business Mastercard debit card
- FREE access at over 40,000 ATMs nationwide
- FREE online and mobile app
- FREE live chat (not a chatbot), telephone, or email support
- FREE in-app invoice creator
- NO minimum monthly balance requirement
- NO NSF fees
- NO ACH transfer fees
- NO credit check or ChexSystems
Banking Services
NorthOne doesn’t require a minimum account balance and charges a $10 monthly fee that includes unlimited transactions in your account. These include ACH payments, bill pay, debit card usage, mobile deposits, and transfers. The only other fee is $15 for wire transfers.
You can also grant read-only access to employees or your accountant or bookkeeper. This keeps your account safe while also giving access to those who need it.
Integrations
With NorthOne business banking, you can connect your account to an almost unlimited number of third-party apps. NorthOne integrates with business tools including Paypal, Stripe, Square, Etsy, Shopify, Airbnb, Amazon, Venmo, Toast, Uber, Lyft, Quickbooks, FreshBooks, Wave, Expensify, and many more. Through these integrations, you can sync transaction details, collect payments, see and pay invoices, send payroll, pay contractors, and more.
If creating and sending invoices, quotes, and estimates is critical to your business, NorthOne offers a free stand-alone invoice creator that integrates seamlessly with the banking app. We’ve tried it and think it’s an elegant solution.
Envelopes
NorthOne has created a feature that helps you plan for and manage important expense categories. They call these sub-accounts “Envelopes” and you can set up as many as you want. This allows you to set aside funds you know you’ll need in the future such as taxes or payroll. You can set custom rules for your envelopes and easily move money back and forth as needed.
Application Process
NorthOne targets account approvals within one to two business days. Information required to open an account includes name, address, and social security number or tax identification number. If applicable, NorthOne may ask for a copy of your business license and business formation documents. After you’re approved, you’ll need to make a $50 minimum opening deposit.
NorthOne is one of the most competitive business bank accounts for entrepreneurs and small business owners. Their combination of services and offerings, the fast application process, and customer support create an outsized competitive advantage for both the bank and its customers. Every small business owner understands how critical that is for success.
Open an account today!
For many people, having access to a local bank branch is paramount when setting up a checking account. With over 16,000 ATMs and 4,700 branches across the country, the Chase Secure Banking account might be the perfect fit.
Here are some of our favorite features with this account:
- NO credit check
- NO ChexSystems
- NO minimum deposit to open
- NO overdraft fees
- FREE access to over 16,000 Chase ATMs
- FREE Chase Online Bill Pay
- FREE money orders and cashier’s checks
What to Know About the Approval Process
Opening the Chase Secure Banking account has some important qualifiers. First, Chase verifies your name, address, and social security through Experian, but doesn’t pull a credit report or credit score. Chase doesn’t use ChexSystems for this account, but the bank does use Early Warning Services (EWS). Additionally, if you’ve had an account closed by Chase in the past, your application will not be approved. Past account closures can include missteps such as non-payment of fees, excessive overdrafts, or suspected fraud.
Finally, Chase gives you the opportunity to open your new account online or by taking a printable coupon to a branch location. We strongly recommend you apply online as branch locations have been known to use ChexSystems during the approval process.
Highly Rated Mobile App
Available for iOS and Android, the Chase Mobile app offers 24/7 access to your account. The app is highly rated, earning 4.8 stars out of 5 on the App Store and 4.4 stars out of 5 on Google Play.
You can transfer funds, deposit checks, send money with Zelle, set up account alerts and notifications, and lock your card if it’s been lost or stolen.
The app also has incredibly helpful budgeting tools, personalized insights, and the ability to check your credit score for free.
Fees
Chase doesn’t offer overdraft services with this account as you can only spend the money you have available and the account does not include paper checks. You should also know that using non-Chase ATMs can cost from $3.00 to $5.00 per transaction.
Chase Secure Banking carries a $4.95 monthly service fee that cannot be waived. But combined with all the free services and the $100 cash bonus when you use the card for 10 purchases within 60 days, the monthly fee doesn’t pose a problem for most customers. And, you’ll have peace of mind with Chase’s Zero Liability Protection if you detect and report unauthorized transactions.
Banking With A Leader
Chase claims to be involved with 40% of Americans in some way or another. There can be comfort in size, reach, and stability. Chase has all of that and the assurance they will be there for a long, long time.
If you’ve wanted to bank with Chase and wondered if you’d qualify, we think you’re going to be really happy with the Chase Secure Banking account.
Get a Chase Secure Banking account today!
The SoFi Checking & Savings account is offered by SoFi Bank. It’s a checking AND savings account on steroids and we love that. Plus, they don’t use ChexSystems to approve accounts.
You get a debit MasterCard and a very slick smartphone app. You can make deposits, write checks, utilize electronic bill pay, and transfer money. You don’t need to make an opening deposit to get an account and SoFi never charges monthly maintenance fees. You’ll have access to a large and fee-free ATM network along with a generous cashback program.
Using the SoFi direct deposit option unlocks additional benefits. First, if you overspend a bit, SoFi will cover up to $50 with no overdraft fees. Second, you’ll receive a much higher interest amount of 3.75% APY on savings account balances and 2.50% APY on checking account balances. If you decide not to utilize direct deposit, you’ll receive 1.20% APY.
The $275 bonus comes in two parts. When you deposit at least $10, SoFi will credit your account $25. When you set up direct deposit from an employer, SoFi will credit your account up to $250 (depending on the amount of your direct deposit) and bump the interest rate you earn to 3.75% APY. The bonus and interest rate are some of the highest we’ve seen.
The sign-up process can take less than 60 seconds. With over 4 million members, SoFi is a bank you can count on!
SoFi has been great! The account was easy to open and I got my debit card a few days later. The smartphone app is easy to use and I can check everything from my computer, too. I’ve had some issues with ChexSystems in the past and SoFi seems to be the perfect bank.
SoFi has been great! The account was easy to open and I got my debit card a few days later. The smartphone app is easy to use and I can check everything from my computer, too. I’ve had some issues with ChexSystems in the past and SoFi seems to be the perfect bank.Kevin M., SoFi Customer
Get a SoFi account today!
Current is another web-only national bank that has some really great features… and has become one of the fastest-growing checking accounts for consumers who want it all without all the costs and hassles.
Why are we featuring Current on our website? It’s simple: they don’t use ChexSystems or your credit report to open a new account. Sign-up takes about 2 minutes and Current has extremely high acceptance rates. But what’s really cool are the incredible features offered with this account:
- NO minimum balance
- NO deposit required to open an account
- NO overdraft fees when you overdraw by up to $100 with Overdrive™
- NO fees at over 40,000 ATMs in the U.S.
- Get your paycheck up to 2 days early with direct deposit
- Earn 4.0% APY on your balance up to $6,000 with direct deposit; earn 0.25% APY without
- Earn points for unlimited cashback at participating retailers
- Send money instantly for free
- An elegant but simple smartphone app
- 24/7 member support
Current offers a really unique service it calls Gas Hold Removals. What’s a gas hold? Some gas stations may apply a hold from $50 to $100 when you use a debit card to pump gas. If you only pumped $10 of gas, but the gas station places a $100 hold on your funds, you won’t have access to the $90 difference for up to 3 business days! The Current debit card will immediately refund the hold so you have access to all your funds. We haven’t found that benefit anywhere in the marketplace.
Here’s what’s really important, though. Deposits are FDIC-insured up to the highest possible amount allowed: $250,000. We love the features, we love the smartphone app, and we love Current. That makes us think you’ll love them too.
Get a Current Account Now!Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Metropolitan Commercial Bank, Members FDIC.
Acorns doesn’t use ChexSystems or a credit report to approve accounts and offers some strong benefits.
We love the heavy metal tungsten Visa debit card and the world-class smartphone app that allows you to manage every aspect of your new checking account such as budgeting, spending, and security.
Another nice option is the ability to round up on every purchase and Acorns will take that money and automatically put it in a savings account. This really helps build a nest egg.
It takes about 2-3 minutes to sign up and you get both a checking and savings account. Here’s more:
- FREE Visa® debit card
- FREE bank-to-bank transfers
- FREE physical check sending online or through the mobile app
- FREE mobile check deposits
- FREE or reimbursed ATM withdrawals nationwide
- NO minimum balance or overdraft fees
- NO credit check; ChexSystems OK
- FDIC insured
There is a $3 monthly fee that is easily covered by the ATM fee reimbursement and other goodies included with the account.
If you’ve struggled with poor credit or ChexSystems, Acorns might be the perfect account.
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If you’re looking for a wide array of options, then Advantage One Credit Union is a great choice for you. Advantage One Credit Union has up to 4 different checking account options, each designed to meet a different need.
What’s great about Advantage One Credit Union is that they offer accounts that far outpace traditional checking accounts when it comes to interest and benefits. If you want a checking account that makes your money work for you, this is the ideal choice.
Advantage One Credit Union even has a checking account designed specifically for veterans to provide them with more benefits than any other account they offer.
Birmingham Bloomfield Credit Union offers a simple solution for those who have been turned down for traditional bank accounts in the past. Their New Beginnings Checking account comes with all the basics and can be a good first step in rebuilding a positive banking history.
The account comes with an ATM card, unlimited check writing, and online banking access. After a period of good standing, you can apply for a standard account. To get started you will need to deposit $5 into a savings account to establish your membership at Birmingham Bloomfield CU.
To get started, you can call, email or visit one of their several locations in Birmingham, Holly, Lake Orion, or Waterford.
Instead of consulting your ChexSystems report, Central Savings Bank pulls a credit report when you apply for a checking account. As long as you don’t have too many negative entries on your credit report you should be able to get an account.
Out of their two checking account options, we recommend the Personal No Charge Checking account. It’s a simple account that doesn’t require a minimum balance and won’t charge any monthly service fees. To get started, they require an initial deposit and two forms of ID.
Central Savings Bank is Michigan-based and has nine locations in the state. You can find branches in Sault Ste. Marie, Kincheloe, Cedarville, Pickford, St. Ignace, DeTour Village, Rudyard, and Mackinac Island.
Community First Federal Credit Union is a non-ChexSystems bank that pulls a credit report when screening new applicants. As long as your credit is somewhat healthy, you should have no problem getting an account.
They offer one general Checking Account that comes with all of the basics like a debit card, checks for purchase, free eStatements, and access to online banking. We like this account because you can be paid dividends each month if your daily balance is more than $1,000.
To get started, become a member of Community First FCU by applying at one of their branches and pay a $10 membership fee. You can find them located in Lakeview, Howard City, Trufant, and Morley.
Consumers Credit Union is another example of an institution that utilizes your credit report in lieu of ChexSystems. If your main issue has been with ChexSystems and your credit report has remained intact, this may be an excellent option for you.
We like their Simple Checking account because it’s very affordable and includes all of the necessities. You can enjoy a free debit card, access to online banking, unlimited check writing, and access to over 30,000 fee-free ATMs nationwide. Plus, if you enroll in eStatements you won’t have to pay any monthly service fees!
You can find Consumers CU branches across southeast Michigan. They’re located in Grand Rapids, Grandville, Holland, Kalamazoo, and many other cities and towns. Stop by a branch nearest you to get started!
Instead of using ChexSystems, Copoco Community Credit Union utilizes Telecheck to determine if you’re eligible for an account. They offer two general Checking Account options; one with direct deposit and the other without direct deposit.
If you enroll in direct deposit, there are no monthly service fees. If direct deposit is not an option, there is only a monthly service fee of $2 if your balance falls below $300. Both accounts come with a free MasterCard debit card, overdraft privilege to those who qualify, and even a free order of checks!
Copoco Community CU extends membership to anyone who lives, works, worships, or attends school in Bay, Arenac Midland, Saginaw, Isabella, and Gladwin Counties. There are other ways to join, so visit their website to see if you qualify. Their branches are located in Bay City and Saginaw.
CoVantage Credit Union pulls a credit report when you apply for a checking account. As long as your credit is in decent condition, you should be able to get an account. They offer one personal checking account option called Fee-Free Checking.
Like the name would suggest, the account does not have any monthly service charges or minimum balance requirements. You will also receive a free debit card, online and mobile banking, and overdraft protection services. We like this account because you are able to earn dividends on your balance if it is above $500.
CoVantage Credit Union is primarily based in Wisconsin, but you can find their Michigan branches in Crystal Falls, Iron River, and Menominee. Contact a branch nearest you to see if you qualify for membership!
The Basic Checking account from Credit Union One is designed to be a second chance checking account that allows people to build up their banking history. With only a $25 deposit required to open an account, it is easier than ever to gain access to a checking account regardless of your history.
One of the benefits of this second chance opportunity for a bank account is that you will experience many of the benefits that standard checking accounts are able to enjoy. This includes things like access to 30,000 free ATMs nationwide, low monthly fees, and automatic bill pay. If you want to enjoy an array of checking account features in a second-chance checking account, this is the perfect way to do it.
Credit Union One offers membership to anyone who lives or works in the state of Michigan. You can find their branches located in cities including Troy, Sterling, Ferndale, Traverse City, and dozens more.
Eaton Community Bank will approve you for an account based on your standing with Telecheck. As long as everything checks out, your history with ChexSystems will not be a factor. If you’re looking for an account that is simple and fee-free, look no further than their Connect Checking account.
To open an account, all you need is a $50 deposit. From there, you won’t need to worry about any pesky monthly service fees. The account also includes a free Visa debit card, online and mobile banking, and overdraft protection services. There is a fee for paper statements, so be sure to enroll in eStatements to avoid the fee.
To get started, contact one of their convenient locations in Eaton Rapids, Grand Ledge, Gregory, Nashville, Olivet, and Stockbridge.
If you have had issues with ChexSystems banks in the past, Family First Credit Union could be a viable option for you. They use a credit report to determine if you’re eligible for an account. As long as they don’t see anything of concern on your report, you should be good to go.
Their Basic Checking account comes with a free debit card, no minimum balance requirements, and even a free first box of checks! You can avoid the monthly service fee by enrolling in eStatements. You can also earn interest on balances over $2,500.
You can apply for membership online or visit one of their branches in Saginaw or Freeland to apply in person.
Fifth Third Bank offers easy checking accounts to anyone without a history of fraud or a debt owed to Fifth Third. You have a choice of multiple checking options with Fifth Third. Their Momentum Checking account is one of their best accounts for those looking to rebuild their banking relationship. With no minimum deposit and no minimum balance required, banking is simple with Fifth Third.
The contactless debit MasterCard offered by Fifth Third makes transactions fast and safe. You can also safely track your purchase online or through the mobile app. You also receive:
- Mobile alerts for transactions
- Easy Deposits program
- Access to more than 50,000 fee-free ATMs nationwide
- Online and mobile statements
Fifth Third has more than 175 branch locations in Michigan. You can find them in Ann Arbor, Clinton Township, Grand Rapids, Portage, and dozens of other cities throughout the state. Visit a branch nearest you to apply for an account!
First Independence Bank has a good option for people who want control of their own money with tools to help them manage it wisely. If you are starting over again after making some common banking mistakes, First Choice Checking could be the answer you’re looking for.
First Choice Checking gives you easy access to your money with free online banking, mobile deposits, and bill pay options. You won’t ever incur overdraft fees and there’s only a $3 monthly maintenance fee. This account also includes free eStatements, and paper statements only cost $2. We like this account because you’re able to apply online and don’t have to visit a branch to get started.
When you open up your First Choice Checking account, it comes with a combined ATM/debit card with moderate limits to help you stay in control of your spending. Once you’ve kept your account in good standing for the required amount of time, you can upgrade to a traditional checking account. Both of their Michigan branches are located in Detroit.
GO2bank is an offering of pre-paid card giant GoBank and we think it’s a step in the right direction. Like some of the newer “challenger banks” GO2bank will deposit your direct deposit check up to 2 days early and has cashback rewards on several categories of purchases. This account also makes you eligible for the GO2bank secured credit card, which has no annual fee and no credit check.
One significant drawback to many online-only bank accounts is that they have no way to accept cash deposits. But GO2bank accepts cash deposits at over 90,000 Green Dot locations nationwide. However, participating retailers may charge you a fee.
If you direct deposit over $500, your monthly maintenance fee of $5.00 is waived. And, they offer a pretty sweet overdraft protection program, but it has a gotcha charge of $15 if you don’t replace the funds within 24 hours.
Account-holders will appreciate the ability to budget their money with the help of a mobile app, budgeting tools, and a savings vault. In fact, they pay 2.5% on all money in the savings vault up to $5,000.
Go Further from GTE Financial helps put you on the path to a better checking account. If you don’t qualify for a traditional account, the Go Further account will help you get there in as little as 12 months. We consider this a low-cost second chance checking. As long as you make a total deposit of $500 for the month, opt to receive eStatements and make 15 monthly transactions, the $9.95 maintenance fee is waived.
GTE Financial is one of the largest credit unions in the US. Membership is open to anyone through easy requirements and an online application process. The Go Further account includes:
- Free EMV-equipped debit card with built-in rewards
- Online and mobile banking tools
- Free bill pay service
- Easy money transfers through the Popmoney service
If you are looking for an account that is very easy to start, then this Fresh Start Checking by Horizon Bank is a great option. This Fresh Start account does not require that you open the account with any minimum balance, which creates as little barrier of entry as any bank in the state.
As far as maintenance fees, it’s about as low as it gets. It only costs $5 a month to maintain your account and get access to a variety of features that will make your financial life easier and set you on the right track to getting things back in order.
You can use a Fresh Start account to pay bills, make deposits, and do any other banking that you need to. If you keep the account in good standing, you can easily upgrade to a standard account. Horizon Bank’s Michigan branches are in Midland and Grand Rapids for your convenience.
IH Credit Union is another example of an option that will refer to your credit report rather than your history with ChexSystems. As long as your credit report doesn’t have too many negative entries, you should be good to go.
We recommend their Step Up Free Checking account because it is simple and easy to keep open. With this account you won’t need to worry about pesky monthly service fees or minimum balance requirements. They also offer direct deposit services and provide free eStatements each month.
IH CU is primarily Ohio-based, but they offer services to any resident of the state of Michigan. You can become a member by joining the American Consumer Council, which is a non-profit organization that is free to join. At this time they only have physical branches located in Ohio.
Lili was custom made for freelancers and independent contractors who are operating as sole proprietors and single member LLCs and we really like their offering. Lili aims to approve most accounts within 2-3 days, but some accounts are approved in 2-3 hours.
Lili offers a checking account and Visa debit card with no initial deposit or minimum balance requirement, no hidden fees, no credit check, and no ChexSystems. Lili makes getting your account easy! Here’s more of what we like:
- FREE business VISA debit card
- FREE (and very user-friendly) mobile app
- NO minimum balance
- NO NSF charges or fees
- NO credit check or ChexSystems
- Receive direct deposit funds 2 days earlier than many banks
- Mobile check deposit
- Unlimited fee-free transactions
- Takes 3 minutes to apply
Application Process
You can set up an account online. If you’re a freelancer, you should receive approval and account access almost instantly. All others (Sole Proprietor, Single-Member LLC, Multi-Member LLC, General Partnership, Limited Liability Partnership, or S Corp) can take a couple of days to get approved. You can fund your account using a mobile check deposit, direct deposit, ACH transfer, or by linking your Venmo, PayPal, or Cash App account.
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Looking for a fresh start? Then check out the Fresh Start Checking account from Marshall Community Credit Union. This checking account is designed to help those with a checkered past when it comes to checking accounts and financial history.
Many banks will turn people away based on this, but this Fresh Start Checking account is much more forgiving. For that reason, you might find it to be a great option for you. Though the account doesn’t afford you every feature that a standard checking account has, it does provide you with many of the essential ones such as bill pay, check writing, debit card use, and online banking.
To open a Fresh Start Checking account, you will need to pay a fee of $8 per month. You can reduce the cost by $1 if you enroll in eStatements and further reduce it by $2 if you use direct deposit. Marshall Community CU has offices in Marshall, Battle Creek, and Coldwater.
The Pathways Checking account was established to help anyone gain access to crucial banking features that they need. It is comparable to other second chance accounts that are offered to those wanting to rebuild a positive banking history.
With their user in mind, Meijer Credit Union has custom-tailored the features of this checking account by providing no minimum monthly balance, online banking, bill pay, e-statements, and debit card use. All of this is available for a $5 a month fee. Everyone qualifies for this checking account.
We like this account because you can easily apply online. Meijer CU has two branches located in Grand Rapids and Rockford.
With only a $25 minimum deposit required, this Fresh Start Checking account by Members First Credit Union is the perfect way to get started back on the path to success. This checking account is designed for those with past checking account trouble, but you wouldn’t know it based on the number of features that it has available.
With online banking, check writing, ATM access, and a plethora of other features, this checking account will give you everything you need to function in the economy and practice responsible money management. Also, the monthly service fee is only &7.95 if you enroll in direct deposit.
Anyone that is a resident of Michigan is welcome to join Members First CU. You can apply for an account online or visit one of their several branches in Midland, Mt. Pleasant, Gladwin, Clare, Harrison, Evart, Grand Rapids, and Jenison.
For just $20 a month, you can have access to a traditional checking account once again. Though the Classic Checking account by MFCU is billed as a second chance checking account, it has all of the features that you could want of a regular checking account. The fees are higher due to the nature of the account, but you can switch to a Premier Checking account after six months of keeping your account in good standing.
A Premier Checking account is free on a monthly basis. With either of these accounts, there is no monthly minimum balance and you will gain access to over 30,000 free ATMs. You’re provided with one free ATM withdrawal a month with an out-of-network ATM, which is more than plenty for most people.
Membership is available to all residents of Michigan. Visit their website to apply for membership or stop by one of their branches in Metro Detroit, Grand Rapids, and Lansing.
This second chance checking account is called Rebuild Checking and is offered by Michigan State University Federal Credit Union. This checking account only costs $10 a month in maintenance fees and provides you with access to all the features you need to manage your money including direct deposit and online bill pay.
Access your account any time of the day or night with online banking or by visiting one of their many branch locations in the greater Lansing area. You can write unlimited checks and bank easily. Most importantly, however, you’ll be able to rebuild your banking history in the hopes for a better future.
No matter your banking past, Navy Federal Credit Union offers traditional checking for all members in Alabama and across the US. With no review requirements of your banking history, NFCU is an excellent choice for active duty or retired US military, family members and government contractors. There are two banking choices to choose from: Active Duty Checking and Free eChecking.
Both account options come with a free NFCU debit card. There is no monthly service fee with direct deposit. Your account is protected from overdrafts with free savings transfers, a checking line of credit or an optional overdraft protection service. You also receive:
- Free mobile deposits
- Free bill pay
- Free traditional name-only checks
- Dividends credited monthly
One of the most important steps to taking your business to the next level is the need to set up a business bank account. And if you get the right business account, it can give your growing business all the tools much larger businesses enjoy… without all the big business costs.
Novo understands small business owners and makes it easy to open and manage an account. As an online-only bank, you’ll find Novo strikes the right balance between technology, human touch, and real-world benefits. Here are some of our favorite features for Novo Business Checking:
- NO monthly fees
- NO minimum balance requirement
- NO ATM fees
- NO credit check or ChexSystems
- FREE Mastercard debit card
- FREE mobile app
- FREE transfers, mailed checks, and incoming wires
- FREE invoicing to create, send, and track invoices
- FREE mobile check deposit
Application Process
It takes about 10 minutes to sign up for a Novo account. You’ll need personal and business information, which may include a social security number, business tax ID, and business formation documents. They do not check your credit or use ChexSystems.
Novo is growing quickly. Their offering is popular with small business owners. The account approval process is currently taking 1-2 business days and once you’re approved, you can get full access to your account with a simple $50 deposit.
We like Novo. We think you’ll like it, too.
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Instead of using ChexSystems, Portland Federal Credit Union pulls a credit report to determine if you’re eligible for an account. They offer a general checking account that provides everything you need to manage your money while avoiding excessive fees.
Once you get an account, there is no minimum balance or monthly service charge. You get access to online banking with bill pay, a PFCU debit card, and checks for purchase. The account is also available with Courtesy Pay that can help you avoid overdraft fees.
To get started, you can apply for membership to PFCU on their website. Their branches are located across the state in Portland, Ionia, Westphalia, Lake Odessa, Lansing, Lowell, Caledonia, Durand, Flint, Genesee, Owosso, Swartz Creek, and Flint.
Instead of looking at your ChexSystems record, Public Service Credit Union utilizes Telecheck when screening new applicants. If you prefer a checking account that comes with all of the basics for a low cost, we recommend the Basic Checking account.
Basic Checking includes helpful features such as online and mobile banking access, a debit card, and free bill pay. You will also need to pay a moderate monthly service fee of $8.95 if your balance falls below $250. If you use direct deposit and receive $800 or more monthly, you may want to sign up for a Direct Advantage Checking account to avoid those monthly fees.
To get started, visit their website or one of their branches in Romulus, Detroit, Flat Rock, Garden City, Grosse Ile, Trenton, Taylor, Oak Park, or Redford!
We like Settlers Federal Credit Union because they only require applicants to provide a valid form of government-issued ID when opening an account. They offer one Share Draft Checking account that is suitable for everyone.
We like that the account comes with all of the basics like a MasterCard debit card, overdraft protection services, and fee-free ATM access. You even get the opportunity to earn dividends on your account that are paid quarterly. This Share Draft Checking account is very simple and is a great option for day-to-day spending.
To open an account, you will need to join the credit union first. Settlers FCU offers membership to anyone who lives, works, worships, or attends school in Ontonagon or Gogebic Counties. They have two offices located in Bruce Crossing and Watersmeet.
Rather than looking at your ChexSystems report, South Central Credit Union pulls a credit report when you apply for a checking account. As long as your credit is in decent shape, you should be able to get an account.
Their general Checking Account is fee-free and comes with all of the necessities. We like this account because it doesn’t even require an opening deposit to get started! Once it’s opened, you get access to online banking with bill pay, free eStatements, direct deposit, and overdraft privilege services. You also get a MasterCard debit card for everyday purchases.
There are countless ways to be eligible for membership at South Central CU. Visit their website to see all of the qualifications for membership or visit their main branch in Jackson.
At Straits Area Credit Union, they only require a form of government-issued ID when you apply for a checking account. As long as no red flags pop up when they run your information through their system, you should be good to go.
Their Totally FREE Checking account is… well… totally free! You won’t need to worry about any monthly service fees or minimum balance requirements. You also get the basics like online banking, a MasterCard debit card, and access to over 28,000 fee-free ATMs nationwide.
Unfortunately, you can’t apply for this account online, but you can stop by a Straits Area CU location in Cheboygan, Indian River, and Mackinaw City. Visit a branch nearest you to get started!
Tahquamenon Area Credit Union is another option that only requires a government-issued ID when you first apply for an account. As long as no red flags pop up on their end, you should be able to get an account with ease.
They offer a general Share Draft Checking account that has no minimum balance requirement after the first week or two of the account being opened. This account has a low monthly service fee and includes a MasterCard debit card for everyday use. It’s important to note that there is a $2,000 daily spending limit to prevent fraud, but if you need that changed you just have to contact one of their branches.
To become a member at Tahquamenon Area CU, you are required to deposit $5 into a savings account. They offer membership to anyone who lives or works in Luce, Chippewa, Mackinac, Schoolcraft and Alger Counties. You can also join if you live or work in Seney or Burt. They have three convenient branches located in Newberry, Engadine, and Rudyard.
If your main issue is with ChexSystems and your credit report remains somewhat intact, TBA Credit Union is likely to offer you an account. We like their Free Checking account because it doesn’t include any excessive fees or requirements.
With this account you receive a free debit card, access to online banking and a smartphone app, and free eStatements each month. You can get peace of mind knowing you won’t be charged for any monthly service fees or required to have a minimum balance in your account. Plus, you get access to over 30,000 fee-free ATMs worldwide!
To see if you’re eligible for membership, you can contact one of their branches in Traverse City. After an initial deposit into a savings account, you will be on your way to re-establishing a positive banking history!
Team One Credit Union utilizes a credit report in lieu of ChexSystems when you apply for a checking account. As long as there aren’t too many negative entries, there’s a good chance you will get an account.
If you prefer simple, no-fuss options for checking, look no further than their Standard Checking account. You get a free personalized debit card, unlimited check writing, and online banking access to manage your money any time of day. You also can earn dividends on your balance of $1,000 or more!
To get started, you can apply for an account online. Anyone who is living, working, worshipping, or attending school in Michigan is welcome to join Team One CU. You can find their branches located in Bay City, Flint, Owosso, and Saginaw.
Right Start Checking from UNIFY Financial Credit Union is perfect for those starting out with a new checking account. You can easily open a UNIFY account online with a $25 deposit. You aren’t required to have a minimum balance or direct deposit for this opportunity to build a positive checking account history.
All UNIFY checking accounts offer:
- Free online eBanking
- Free Visa debit card
- Free UNIFY ATM access
- Free online eStatements
- No check fees
UNIFY FCU has branches located in Ann Arbor and York. They are also in-network with dozens of co-op branches throughout Michigan where you can handle most of your in-person banking needs.
If you’ve been turned down from a ChexSystems bank in the past, United Bay Community Credit Union may be a viable option for you. They refer to Telecheck when verifying new account inquiries.
A general checking account doesn’t have a minimum balance requirement and provides you with access to online banking with bill pay. In addition, you get access to thousands of fee-free ATMs nationwide. The account is very simple but will help you rebuild a positive checking history nonetheless.
We like United Bay Community CU because they allow all residents of Michigan to join. You can find their branches located across the state in Bay City, Pinconning, Portage, and Mattawan.
Finding a bank account when you have a troubled record is more difficult than it should be. However, United Financial Credit Union is here to help. They offer a Fresh Start Checking account that allows you to get back on track and overcome past hardships. If you are looking for an account that will provide you with access to crucial banking features, this is a great choice.
This Fresh Start account offers you the opportunity to upgrade your account in 6 months as long as you keep the account in good standing. It represents one of the easiest paths towards financial success after a checkered history with checking accounts. You’ll be able to enjoy online banking, bill pay, and check writing all for a low $5 monthly service charge.
United Financial CU offers membership to anyone who lives, works, worships, or attends school in any county in the State of Michigan’s Lower Peninsula. You can print out an application online or apply in-person at one of their branches located in Auburn, Saginaw, Chesaning, Freeland, and Bay City.
Varo Bank is another internet-only bank with services based on their mobile apps for Apple and Android devices. Varo doesn’t charge fees at 55,000+ Allpoint ATMs and offers strong budgeting tools and automatic savings programs.
Opening an account is easy and Varo doesn’t check your credit or use ChexSystems. Varo doesn’t even require an initial deposit to open an account, either. There are never any monthly maintenance fees, account balance minimums, overdraft fees, foreign transaction fees, transfer fees, or debit card replacement fees.
Varo’s recent bank charter has them innovating more than ever. They have a very strong cashback program, a payroll advance option, and have started to offer their customers a secured credit card called Varo Believe.
Finally, if Varo receives a payroll notification before your payday, it can deposit your money more quickly than many banks.
If you’re a Walmart shopper, you might love the Walmart MoneyCard. It’s a debit card that has some strong features such as cashback on Walmart purchases, overdraft protection, interest on your savings, and a mobile app that lets you track your purchases and deposit funds into your account.
Our favorite features include:
- Easy approval: no ChexSystems or credit check
- No initial deposit is required and there are no monthly minimums
- Deposit cash for free at any Walmart store and it shows up 10 minutes later
- Deposit checks using the Walmart MoneyCard smartphone app
- Easily request multiple cards for family use1
- Manage your account from your computer or the smartphone app
- 3% cashback on Walmart.com purchases, 2% cashback for Walmart fuel stations, and 1% cash back for use in-store2
- Earn 2.00% APY on money you set aside in a free savings account3
- With qualifying direct deposits4, you can opt-in and enjoy overdraft protection of up to $200 on eligible purchases5
- No monthly fee when you direct deposit $500+ in the previous monthly period. Otherwise, there’s a $5.94 monthly fee.6
The Walmart MoneyCard is available in all 50 states, Washington D.C., and Puerto Rico.
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Vibe Credit Union is an excellent choice for those who have a somewhat healthy credit report. Regardless of your ChexSystems history, you should be able to get a checking account if your credit has remained intact.
Their general checking account includes all of the necessities such as online banking access, access to thousands of fee-free ATMs nationwide, and a free debit card for day-to-day purchases. We like this account because it won’t charge you a monthly service fee if you enroll in eStatements.
Vibe CU has 14 locations in Michigan. You can find them in cities including Berkley, Clarkston, Novi, Oxford, and several others. Visit their website to apply for membership or visit a branch nearest you to apply in person!
Wells Fargo recently changed the Opportunity Checking account to Clear Access Banking. And we like one change, in particular. Wells Fargo has done away with overdraft and non-sufficient funds (NSF) fees. Clear Access Banking is a debit card-only account (no paper checks available) and if you attempt to purchase something without sufficient funds, the transaction will be denied. That’s a lot better than having the transaction approved and then discovering you’ve been hit with a $35 overdraft fee.
There is a $5 monthly fee, but that is be waived for account holders 24 years old and younger. This account is available to residents in all 50 states.
- The largest number of branches in the U.S.
- Minimum deposit of $25 to open an account
- Online bill pay and smartphone app
- Mobile check deposit
- Includes a Visa debit card
- Send and receive money through Zelle
- Additional features include account alerts, 24/7 fraud monitoring, and zero liability protection for your debit card
Did we leave your financial institution off this list of The Best Second Chance Banks and Credit Unions in Michigan? Has there been a change in any of the listings? Please let us know.
Chime is a financial technology company, not a bank. Banking services and debit card issued by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.
1Eligibility requirements apply. Overdraft only applies to debit card purchases and cash withdrawals. Limits start at $20 and may be increased up to $200 by Chime. See chime.com/spotme.
2Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM. Cash deposit or other third-party fees may apply.
3Customers are limited to three $1,000 cash deposits at Walgreens each day and $10,000 each month.
4Sometimes instant transfers can be delayed. The recipient must use a valid debit card to claim funds. Once you are approved for a Chime Checking Account, see your issuing bank’s Deposit Account Agreement for full Pay Anyone Transfers details. Please see the back of your Chime debit card for your issuing bank. See Terms and Conditions.
5The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of November 17, 2022. No minimum balance required. Must have $0.01 in savings to earn interest.
6Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
1Family Accounts: Activated, personalized card required. Other fees apply to the additional account. Family members age 13 years and over are eligible. Limit 4 cards per account. See Deposit Account Agreement for details.
2Cash back, up to $75 per year, is credited to card balance at end of reward year and is subject to successful activation and other eligibility requirements. Redeem rewards using our website or app. You will earn cash back of three percent (3%) on qualifying purchases made at Walmart.com and in the Walmart app using your card or your card number, two percent (2%) at Walmart fuel stations, and one percent (1%) on qualifying purchases at Walmart stores in the United States (less returns and credits) posted to your Card during each reward year. Grocery delivery and pickup purchases made on Walmart.com or the Walmart app earn 1%. For the purposes of cash back rewards, a “reward year” is twelve (12) monthly periods in which you have paid your monthly fee or had it waived. See account agreement for details.
3Interest is paid annually on each enrollment anniversary based on the average daily balance of the prior 365 days, up to a maximum average daily balance of $1,000, if the account is in good standing and has a positive balance. 2.00% Annual Percentage Yield may change at any time before or after account is opened. Annual Percentage Yield is accurate as of 3/1/2022.
4Direct Deposit: Early availability of direct deposit depends on timing of payroll’s payment instructions and fraud prevention restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period. Make sure the name and social security number on file with your employer or benefits provider matches what’s on your Walmart MoneyCard account exactly. We will not be able to deposit your payment if we are unable to match recipients.
5Opt-in required. $15 fee may apply to each eligible purchase transaction that brings your account negative. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid the fee. We require immediate payment of each overdraft and overdraft fee. Overdrafts paid at our discretion, and we do not guarantee that we will authorize and pay any transaction. Learn more about overdraft protection.
6No monthly fee with qualifying direct deposit, otherwise $5.94 a month. Waived when $500+ is loaded in the previous monthly period. First monthly fee occurs upon first use, the day after card activation or 90 days after card purchase, whichever is earlier.
