Have you been exiled from the banks? If this has been your current situation, don't panic, take a deep breath, and listen. Yes, it feels like someone has slammed you over the head with a mallet when you find that no bank wants to give you the time of day when you go to open an account. Once they go in and check bad credit, you are done for!
This hardly seems like a just system, but remember that banks are run like businesses and their sole responsibility is to protect and act within their best interests. But money can walk the walk, so if you are willing to pay out more out of your pocket to establish an account, most banks will turn a blind eye to your bad credit.
However, having a bad credit bank account means that although you have been given a second chance to redeem yourself, you are now going to have to pay higher fees than that of other peoples good standing accounts.
Well, the good news is that you don't have to have one of these accounts if you choose not to. Why? Because you can sign up for a banking account for a year even after they check bad credit and remain in good standing for that duration of time and put in a request to transfer over to a new bank to start a new, good standing account.
How is this possible? After you have had an account in good standing for a year, you can request the documentation from that bank to prove to your next branch that you are trustworthy to have a good standing account. You can take this documentation to any other bank and open up an account without your having them check bad credit.
But, do be aware that there are companies out there that scam people in this area, so take a look at all of your options and do your homework, diligently. You should be able to acquire a checking account that does not use the Chex system to check bad credit.
Finally, remember that repairing your bad credit will take time and effort on your part. Make sure that you keep your checking account in good standing on a continual basis once you have transferred over after at least year of being with another bank so that you don't run into having to pay the high fees that are given to people who have muddled up their credit history.