A checking account is important to your financial well-being. Access to cash, payment for good and services, online shopping, money transfers, direct deposit, mobile tools to manage your financials, and peace of mind are just a few benefits of having a checking account.
But millions are without a checking account. If you’ve struggled with non-sufficient funds (“NSF”) charges, bounced checks, or unpaid fees at a bank or credit union, that gets reported to a company called ChexSystems. And the vast majority of banks and credit unions in Michigan use ChexSystems to screen new accounts. You can be locked out of the financial system for up to 5 years!
But there is a way. A few banks and credit unions in Michigan offer second chance checking accounts. Others don’t use ChexSystems at all. And there are national banks that offer some incredibly robust second chance checking accounts without any monthly fees, account minimums, or other ‘gotchas’.
Ready to find the right bank or credit union that wants your business?
CheckingExpert has helped thousands of people just like you open second chance checking accounts. We’ve selected the best accounts in Michigan based on acceptance rates, checking account features and benefits, and the accounts with the lowest fees. Best of all, you can open an account today!
List of the Best Second Chance Banks and Credit Unions in Michigan
Did we leave your financial institution off this list? Has there been a change in any of the listings? Please let us know.