Non Chex Systems Banks Are FDIC Insured Too…
February 27th, 2009 . by adminIt’s a common mistake that’s made by many that are still caught up in that awful background checking systems known as Chex Systems. I know because I was once part of this train of thought too…the thinking that just because a bank is one of many non chex systems banks that there is something strange and not normal about them. This of course has proven to be highly untrue, as Chex Systems is only a background checking system and has nothing to do with whether or not a bank is FDIC insured by the government. I personally have yet to come across any non Chex banks that are not FDIC insured.