If you recently applied for a checking account and were denied because of a negative banking history, you’re not alone. Approximately 85% of banks in South Dakota use a company called ChexSystems when you apply for a new checking account. If you have experienced several overdraft checks from another bank or have been unable to pay overdraft fees, ChexSystems will flag that behavior making it next to impossible to find a bank willing to work with you.
Granted, ChexSystems is the safety net for bank institutions to weed out people who have committed fraud or identity theft, but if you get caught in the net it can be crippling. And most of us absolutely require the use of a bank checking account to manage our money, pay bills, and receive direct deposits from an employer or government agency.
Fortunately, some banks and credit unions offer so-called No ChexSystems Checking Accounts and/or Second Chance Checking Accounts to help people rebuild their credit and financial histories. Our job at checkingexpert.com is to find those institutions in South Dakota that can assist you.
Second Chance Banking in South Dakota for November 2023Open an account today! Did we leave your financial institution off this list of The Best Second Chance Banking in Alabama? Has there been a change in any of the listings? Please let us know.
Best Second Chance Banks by State
To find more information and additional options available in your area, select your state from the list below and explore your options.