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Get a Non Credit Check Bank Account

Nov 5, 2009 Personal Finance

Want to open a non credit check bank account? Your options are going to be pretty limited here, but there are a couple options that you can pursue.

Now, if you are looking or a no credit check checking account, you probably have committed some past financial misdeeds and have been blacklisted by the financial world. The first thing you should realize is that you are not alone. There are actually a fair number of other people in the same situation. You can end up being blacklisted by the banking world for something as minor as a couple bounced checks. The banks have a “ban first, ask questions later” policy these days. With the economy in the dumps, more and more people are finding themselves without a checking account.

So what can you do about it? The first thing that you can do is to look around online to see what you can find in terms of no credit check banks. Some websites may offer a list of banks that don’t use the ChexSystems network. If you can’t find a local bank that doesn’t use ChexSystems, your other option is to open an online second chance bank account.

A second chance bank account is a banking account for people with bad credit. These are no credit check banking accounts so you should have no problems in opening one. The catch is that you have to pay a lot more money for one of these bank accounts. So it’s a better option to find a physical bank that does not require a credit check. But if you can’t, then a second chance banking account is your only option.

Tags: Personal Finance