If you are in ChexSystems or EWS in Michigan open a new account at a Michigan Non-ChexSystems bank. Some credit unions even offer Michigan second chance checking accounts that will give you a fresh start at banking.
Being unbanked in Michigan means paying check cashing stores, purchasing money orders or depending on a prepaid debit card. Plus, if you use cash to pay bills you can lose or misplace receipts. Using a bank to conduct financial transactions is safer and more convenient — plus saves you money on fees.
Roughly 5 percent of Michigan 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 15 percent are considered “underbanked” because they have bank accounts but still use alternative financial services like check cashers.
Being unbanked in Michigan means paying check cashing stores, purchasing money orders or depending on a prepaid debit card. Plus, if you use cash to pay bills you can lose or misplace receipts. Using a bank to conduct financial transactions is safer and more convenient — plus saves you money on fees.
It's no fun to fork over part of your paycheck to get cash and money orders. Check cashing fees can range from 2 percent for payroll checks up to 10 percent for personal checks.
Check out our list of second chance checking accounts in Michigan. Many second chance bank accounts run a ChexSystems report.
If your ChexSystems record has unpaid debt, consider options at banks that don't use ChexSystems or bank accounts for bad credit.
Second chance checking accounts in Michigan
OneUnited Bank
OneUnited Bank's Online Checking Account is available to people in ALL STATES. We like OneUnited Bank because customers can add cash to the OneUnited Bank Debit Card at over 90,000 locations across the country through a partnership with Green Dot®.
OneUnited Bank offers the Black Wall Street Checking account with no monthly fee. However, if you don't qualify, they offer the U2 E-Checking Account specifically designed for bad credit.
To get started go to the “Get the Card” button, enter your name, email address and cell phone number. Choose the Black Wall Street Checking account option along with the opening deposit ($25.00 minimum), then complete your identification details (name, address, SSN, and employer).
Black Wall Street Checking Account Features
- Minimum opening deposit of $25 (can be funded with a credit card).
- No monthly fee.
- Get paid up to 2 days early with early direct deposit.
- Free Online & Mobile Banking.
- Obtain Cash, Surcharge Free at Over 35,000 ATMs Nationwide.
- Deposit checks through the mobile app.
- Free Bill Pay
- OneUnited also offers a secured credit card that reports to the major credit bureaus.
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Upgrade Rewards Checking
The Upgrade Rewards Checking Account offers up to 2% cash back on common everyday expenses at grocery and drug stores, gas stations, monthly subscriptions, restaurants, and cell phone utilities. Plus, account holders get unlimited 1% cash back on all other debit card charges. This account takes less than 10 minutes to open, the process is simple and easy.
Upgrade Rewards Checking Features
- No ATM fee.
- Zero Monthly Fees.
- Zero Overdraft/Insufficient Fees.
- 2% cash back on common everyday expenses and recurring payments and unlimited 1% cash back on every other debit card charge.
- use your Rewards Checking card wherever Visa® is accepted.
- FDIC-insured up to $250,000.
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Rewards Checking customers earn 2% cash back on common everyday expenses at convenience stores, drugstores, restaurants, and bars – including deliveries – and gas stations, as well as recurring payments on utilities and monthly subscriptions including phone, cable, TV and other streaming services, and 1% cash back on all other debit card charges. 2% cash back is limited to $500 in rewards per calendar year; after $500, customers earn 1% cash back on all eligible debit card charges for the remainder of the year. Some limitations apply. Please refer to the applicable Upgrade VISA® Debit Card Agreement and Disclosures for more information.
Upgrade is a financial technology company, not a bank. Rewards Checking services provided by Cross River Bank, Member FDIC. Upgrade VISA® Debit Cards issued by Cross River Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Personal Loans made by Upgrade's bank partners. Personal Credit Lines are issued by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. The Upgrade Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.
Current Checking Account
The Current Checking Account can be opened with a minimum of $10 with a debit card or an existing checking account.
Current Account Features
- $10 minimum opening deposit.
- Savings feature that pays 4.00% APY on balances up to $6,000.
- No overdraft fees when you overdraw by up to $200 with Overdrive™.
- Get your paycheck up to 2 days early with direct deposit.
- Earn points for unlimited cashback at participating retailers.
- Gas station holds immediately credited to your account.
- Send money instantly for free.
- 24/7 member support.
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Catholic Federal Credit Union
Catholic Federal CU does not use ChexSystem, a credit report is used. There are no monthly fees, online banking, mobile banking, bill pay and a debit rewards card where you can earn 1 point for every $5 you swipe with your Debit Rewards Check Card, even when you pay your bills with your debit card.
COPOCO Community Credit Union
They use Telecheck to verify new accounts. A minimum balance fee of $2 monthly will be imposed every month if the daily balance in the account falls below $300.00 any day of the month; unless you have direct deposit.
Community First Federal Credit Union
Valid identification is required to open an account but a credit report is pulled if you want a debit card.
Consumers Credit Union
A credit report is used to verify new account holders.
Central Savings Bank
A credit report is used to verify new account holders.
Covantage Credit Union
A credit report is used to verify new account holders.
Community Wide Credit Union
A credit report is used to verify new account holders.
Credit Union One
They offer a second chance checking called Basic Checking designed to help you get back on your feet. It requires $25 to open. Once you've been in good standing for 12 consecutive months, you could be eligible for a Cash Back Checking account.
Eaton Federal Savings Bank
They use Telecheck to verify new account holders.
Family First Credit Union
They use a credit report to verify new account holders.
Farmers and Merchant State Bank
They offer a second chance account called Clean Start Checking for rebuilding or establishing credit. There is no minimum balance. The monthly service fee is $9.95 but with direct deposit it's $7.95.
Horizon Bank
They offer a Fresh Start Checking account. There is no minimum opening balance and a $5 monthly service charge.
Kent County Credit Union
They use a credit report to open new accounts.
Metro Shores Credit Union
They use Telecheck to open new accounts.
Members First Credit Union
They offer Fresh Start Checking Account. A $25 minimum deposit is required at time of opening.
Michigan First Credit Union
They offer second chance checking called Classic Checking
Motor City Co-op Credit Union
They use Telecheck to open new accounts.
Marshall Community Credit Union
They offer Fresh Start Checking. There is an $8 monthly service fee that can be reduced by $1 if you sign up for eStatements and reduced by $2 if you receive direct deposit.
Michigan State University Federal Credit Union
MSU offers a second chance account called Rebuild Checking designed for members who need assistance rebuilding their financial position.
Oakland County Credit Union
They use a credit report to verify new accounts.
Portland Federal Credit Union
They use a credit report to verify new accounts.
Riverview Community Federal Credit Union
They use Telecheck to verify new accounts.
Settlers Federal Credit Union
Proper identification is used to verify new account holders.
South Central Credit Union
They use a credit report to verify new account holders.
Straits Area Federal Credit Union
Proper identification is used to verify new account holders.
TACU
Proper identification is used to verify new account holders.
TBA Credit Union
They use a credit report to verify new account holders.
Team One Credit Union
They use a credit report to verify new account holders.
United Bay Community Credit Union
They use Telecheck to verify new account holders.
West Michigan Credit Union
They use a credit report to verify new account holders.
Western Federal Credit Union
They offer a second chance account called Right Start Checking. Open with a $25 deposit and no minimum balance requirement. No monthly or per-check fees.