If you’ve had trouble opening a checking account because of past banking issues, you’re not alone. Many banks rely on ChexSystems to review your financial history before approving new accounts.
ChexSystems tracks things like unpaid fees, overdrafts, and closed accounts. These records can stay on your file for up to five years, which can make opening new accounts difficult until they expire.
Why ChexSystems Can Make Banking Harder
Around 80% of banks and credit unions in the U.S. use ChexSystems when reviewing new applications. If your record includes unpaid balances or repeated overdrafts, your application might be denied automatically.
Still, not all banks depend on ChexSystems. Some offer second chance checking accounts or skip ChexSystems entirely, giving people with past issues a chance to rebuild their banking history and start fresh.
1st Convenience Bank’s Policy on ChexSystems
1st Convenience Bank does not use ChexSystems when reviewing checking account applications. This makes it an excellent option if you’ve been declined elsewhere or have negative records in your banking history.
The bank is known for being more flexible than most traditional institutions, helping customers open new accounts without the typical barriers that ChexSystems can create.
Other Banks That Don’t Use ChexSystems
If you’d like to explore more options like 1st Convenience Bank, here are several trusted alternatives that also skip ChexSystems screening:
SoFi
- Up to $300 sign-up bonus with direct deposit
- No minimum opening deposit
- Earn up to 3.80% APY
- Over 55,000 fee-free ATMs
- Early pay with direct deposit
Current
- Build credit and earn points with every swipe
- No minimum opening deposit or maintenance fees
- Get paid up to 2 days faster
- No credit check or ChexSystems
Chime
- Up to 3.75% APY on a high-yield savings account
- Over 47,000+ fee-free ATMs
- Up to $200 fee-free overdraft coverage
- Get paid up to 2 days early with direct deposit
Learn More
- Banks That Don’t Use ChexSystems – Take the first step to rebuilding your banking history with our list of banks that do not use ChexSystems for account approval.
- Credit Unions That Don’t Use ChexSystems – Find a credit union that will work with you, not against you. Learn about the credit unions that don’t use ChexSystems.
- Am I in ChexSystems? – Unsure if you’re in ChexSystems? Learn how to find out and take control of your financial status.
- How to Get Out of ChexSystems – Learn how to get out of ChexSystems in four simple steps.
- Second Chance Checking Accounts – Take control of your financial future with our list of over 250 banks that offer second chance checking accounts.
