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Indiana Banks that don’t use ChexSystems and Second Chance Accounts


There's a tremendous need for Indiana banks that don't use ChexSystems according to a Federal Deposit Insurance Corporation report. The establishment of a bank account is key to helping families save money and build wealth.

The unbanked and underbanked households in Indiana rely on alternative financial services like check-cashing services, payday loans, rent-to-own agreements, or pawn shops and even tax refund anticipation loans.

Roughly 4 percent of Indiana households are “unbanked,” meaning they don't have checking or savings accounts, according to a 2017 survey by the Federal Deposit Insurance Corporation. An additional 18 percent are considered “underbanked” because they have bank accounts but still use alternative financial services like check cashers.

Indiana has many options for banks that don't use ChexSystems. In fact, there's a great Bank-On Program that partners with financial institutions to offer bank accounts for people with a ChexSystems record in Indiana. Get back into banking with an Indiana bank that offers second chance checking accounts.

Indiana Banks that don't use ChexSystems

IU Credit Union

Ask about the Bank-On Initiative. IU Credit Union has a Free Checking account with no minimum deposit required to open and no monthly account fees. With each checking account, you receive unlimited Debit MasterCard® Debit Card Point-of-Sale (POS) and/or Automated Teller Machine (ATM) usage on IU Credit Union ATMs.

MidWest America Federal Credit Union

Midwest offers several checking account products and services. They use Telecheck to verify new member accounts.

Kentland Bank

Kentland Bank does not use ChexSystems, Telecheck, EWS, or run a credit report. They offer a variety of checking account products and you must have 2 forms of identification to open an account.

Mutual Bank

Mutual Bank offers a second chance checking account for people that struggled with a past checking account where overdrafts were an issue. There is a minimum $100 required to open the account.

United Fidelity Bank

They offer a second chance checking account called New Day for those who have been denied a checking account or have had a checking account closed due to special circumstances or past financial challenges. Open an account with $25. The monthly fee is $8.

Heritage Federal Credit Union

They offer second chance checking for people who have had difficulty in qualifying for a checking account. A $10 monthly service charge is attached to this account.

Main Source Bank

Main Source Bank offers a fresh start checking account that comes with unlimited check writing, online and mobile banking a debit card and no monthly minimum balance.

Members Source Credit union

Members Source Credit Union does not use ChexSystems or EWS. There is a $100 minimum opening deposit required for new accounts.

Central Credit Union

They offer second chance checking to help you build a strong financial record. Get your finances in order and rebuild your financial record with Opportunity Savings and Checking accounts.

Horizon Bank

They offer Fresh Start Checking if you're looking to leave past checking account problems in the dust. No minimum opening balance, a $5 monthly service fee, and unlimited check writing. It's everything you'll need to get back on track with checking.

InTerra Credit Union

They offer a second chance checking account called Opportunity Checking. The account features no minimum balance, unlimited check writing, a debit card after 6 months of good account management. The monthly service charge is $12. After 12 months of good account management, your Opportunity Checking account will automatically be converted into a free Regular Checking account.

One Vision Federal Credit Union

They offer a second chance account called Rising Star Checking. Customers must complete an online financial education workshop, maintain a minimum balance of $30 and establish a direct deposit. $10.00 per month when your meet the requirements for this account. $15.00 per month if requirements are not met.

Diamond Valley Federal Credit Union

Fresh Start Checking has all the basic features of a regular checking account, but is designed for individuals who want to rebuild their financial record. If you've been turned down for checking accounts due to credit problems open a second chance checking at Diamond Valley Federal Credit Union.

Evansville Teachers Federal Credit Union

Evansville Teachers Federal Credit Union offers a second chance checking account called Opportunity Checking. The monthly fee is $7.50. You may apply to upgrade to the free Debit Rewards Checking account once you’ve maintained good standing with your Opportunity Checking account for a minimum of 12 consecutive months.

AAA Federal Credit Union

They offer a Fresh Start Checking account to give members an opportunity to re-establish their credit profiles. After one year members who maintain their account with a good record of management and oversight will be considered eligible to convert to a regular checking and debit/ATM card with the regular features associated with those accounts.

Park Community Credit Union

Park Community Credit Union does not use ChexSystems, Telecheck, or EWS. They do run a credit report and a score of 575 or higher is required to open a regular checking. If not, they do offer a Fresh Start Checking that can be converted to a regular checking in 12 months.

Community Wide Federal Credit Union

Community Wide Federal Credit Union offers a checking account that requires a credit report to open.

First Trust Credit Union

First Trust Credit Union does not use ChexSystems but a credit report from Transunion is pulled.

Farmers and Merchant State Bank

A 2nd Chance Checking Account called Clean Slate Checking is available for members that need to rebuild or establish credit. There is no minimum balance required, the monthly service fee is $9.95 which can be reduced to $7.95 with direct deposit.

Republic Bank

They offer a second chance account account called Checking Builder.

GenFed Financial Credit Union

Start fresh with the Clean Start Checking Account. The account is for individuals who have an open record on ChexSystem. The requirements are 3 or fewer records with ChexSystem; an outstanding total of less than $500; and no outstanding items less than 1 year old.

Stanley Credit Union

They offer a second chance checking called Renew Checking designed for those members who have struggled with a checking account in the past to get back on their feet. $50 minimum balance to open account along with a $7 monthly maintenance fee.

Western Federal Credit Union

They offer a second chance checking account called Right Start Checking for first-timers or account holders looking to rebuild a positive checking account history. Open with a $25 deposit and no minimum balance requirement. Pay no monthly or per-check fees and enjoy Overdraft Protection up to $250.

Old National Bank

Particular Old National Bank branches partner with the Bank-On Initiative helping the unbanked open accounts. There are a variety of checking and savings accounts but you may have to stick to a basic plan if you have a ChexSystems record. Old National Bank offers Mobile and Online Banking with a $50 minimum opening deposit. The monthly fee is $8.

1st Source Bank

This is a Bank-On Initiative partner. Contact a branch first to check if a educational workshop is required before opening an account. If so, you must complete a financial workshop to receive a certificate before opening a bank account. 1st Source Bank has several checking accounts to choose from. The minimum opening deposit is $25.

3 Rivers Federal Credit Union

3 Rivers CU serves the Fort Wayne and Northeast areas and participates in the Bank-On Initiative.There is a required opening deposit of $25 and the checking account comes with E-statements, Internet banking, phone banking and bill payer services. The monthly service fee is $8.

ProFed Credit Union

ProFed Credit Union participates in the Bank-On Initiative. A certificate showing you have completed a personal finance workshop may be required to open an account. There is a $25 minimum deposit required to open an account and a $5 monthly service fee.


You can open a second-chance account if your ChexSystems history is not fraud. Customers will first be assessed to see if they meet the qualifications for a “Total Access Account” and depending on the information, customers may qualify for an “Access Checking Account” or their “Liquid Prepaid Debit Card.” The Total Checking account has a $12 monthly fee (may be waived) and requires a $25.00 opening deposit.


Woodforest offers a “Second Chance” account. The minimum opening deposit is $25.00. There is a monthly service charge which breaksdown as follows: $7.95 with direct deposit(3); $9.95 without direct deposit and a $9.00 one-time account set up fee.

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