Have you struggled to open a checking account due to a negative banking history? Understanding your options can help you find the right solution.
ChexSystems records can stay on file for up to five years, and about 80% of U.S. banks and credit unions use this system.
Fortunately, some banks don’t rely on ChexSystems, and others offer “second chance” accounts for those who have been denied elsewhere.
Acorns
If you’re considering opening an Acorns checking account, you probably want to know, “does Acorns use ChexSystems?”
The answer is, no, they don’t.
However, it’s worth noting that Acorns isn’t the only option available to you. A number of other banks and credit unions also elect not to use ChexSystems. Here are three excellent alternatives to consider:
Best Banks That Don’t Use ChexSystems
U.S. Bank
- Up to $450 bonus
- $25 minimum opening deposit
- Monthly service fee can be waived
- No ATM transaction fees at U.S. Bank ATMs and no surcharge fees at MoneyPass® Network ATMs
SoFi
- Up to $300 sign-up bonus with direct deposit
- No minimum opening deposit
- Earn up to 4.60% 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
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.
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