If you are listed on ChexSystems it can be a major inconvenience in your life, but you do have some choices if you would like open a new checking or savings account.

Here are some options, and/or alternatives to using a financial institution, bank or federal credit union that uses ChexSystems:

• ChexSystems Removal – Obviously this is the best solution. Getting removed from ChexSystems is not hopeless. You can legally be removed. ChexSystems is a Credit Agency, just like Experian, Equifax and Trans Union. ChexSystems is subject to the Fair Credit Reporting Act (FRCA) and Fair Debt Collection Practices Act (FDCPA). These laws can work in your favor, if they contain inaccurate information, or misleading information... or, if they are unable to verify the information the law states it must be removed.
  
  
• Credit Repair Service - Many people do not have the time to remove themselves from ChexSystems. If this is the case you can hire a Credit Repair Service or Lawyer to do it for you. Since ChexSystems is consider a Credit Bureau they can use the same methods they use for Equifax, Experian and Trans Union.
  The resource section of the end of this guide lists a law firm that specializes in ChexSystems removal.
  
  
• Non ChexSystems Banks – If you’re unable to be removed, you can find a bank or credit union that does not subscribe to ChexSystems Reporting Systems. Non-ChexSystems Banks can help you open a new checking account, new savings account, re-establish a good banking history or finance a new home. Our resource list of banks is located at the end of this e-book.
  
   
• Banks that use the other Credit Bureaus - You can find a bank or credit union that subscribes to some other credit reporting service like Experian, Equifax, or Trans Union. If you have a decent credit history they will more than likely allow you to open up a new bank account. Remember you may have a negative ChexSystems report and have a really good Credit Bureau report.
  They may only check the credit bureaus your in.
  Our resource list of banks is located at the end of this e-book.
  
  
  
• Banks that doesn’t automatically deny due to ChexSystems - You can find a bank or credit union that does use ChexSystems. However they have been shown to look at each case individually. Unlike other banks they will not automatically reject you solely because you are in ChexSystems systems. They will allow you to open a new bank account if you give a brief explanation as to what happened, and have documentation to support your side of things and/or can prove to them that the amounts have been settled… or it is clear that the information reported to ChexSystems was inaccurate.
  
  
• Secured Bank Accounts - Just like secured credit cards there are secured bank accounts. In order to open a checking or savings account you will need to deposit funds in a separate account like a Certificate of Deposit (CD) that can be used as collateral.
  
   
• International Bank Account - There are many banks and financial institutions that reside outside U.S. borders. It is legal to have a Non-U.S. Bank Account. Of course you want to choose a bank that is set up to handle U.S. currency. For instance, you can do an online search for Canadian banks, banks in the Caribbean, or UK.
  
  
• Money Market Account - Many financial institutions will allow you to open a money market account with an check writing privileges and ATM Credit Card.
  
  
• Skip the Traditional Banks all together - If you have direct deposit available from your employer (which most employers prefer you to use) then you can get a debit card provided by a variety of providers at reasonable cost. Wired Plastic, and Directo are a couple of choices.
  
  
  You will be provided with a account and a routing number just as with any bank. Your paycheck can be automatically deposited. And you will have a bankcard that can be used at any ATM machine for 24-hour access to your account. This is really the main thing you need.
  
  
  Unless you just absolutely have to have paper checks and a checkbook, this can be the easiest and quickest way to go.