Michigan Second Chance Checking Accounts

Michigan-Second-Chance-Banks

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.

Take advantage of second chance checking in Michigan. If ChexSystems, EWS or imperfect credit has kept you from opening a new bank account, get a fresh start with second chance checking accounts in Michigan.

Here is a comprehensive list of Michigan second chance checking accounts and Michigan banks that don't use ChexSystems:

Michigan Online Second Chance Checking

Chime Spending Account – Free overdraft up to $100


Chime will spot you up to $100 on debit card purchases with no overdraft fees. Eligibility requirements apply.¹ Chime's Spending Account is similar to a traditional checking account but without check writing. Banking is easy with Chime where customers can transfer money, send and deposit checks and pay bills with no monthly fees and no overdraft fees.

Open the optional Chime Savings Account and Chime will round up your Visa Debit Card transactions to the nearest dollar and transfer it to your savings account.

Chime Spending Account Features

  • Get your direct deposit up to 2 days early.
  • Chime Visa® Debit Card.
  • Access cash at 38,000+ fee-free ATMs.
  • An optional savings account earns 0.50% (APY).
  • Leniency for people with previous checking account problems.

Second Chance Banks in Michigan

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.