There are a variety of reasons why people in North Carolina don’t have a checking account. A study by the FDIC explains that 5.4% or approximately 7.1 million households in the U.S. 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 negative 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 of consumers’ banking history.
Fortunately, finding a bank or credit union that will let you open an account is not as difficult as it may seem. 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 North Carolina that want your business!