If you’ve been denied a checking account because of past banking issues, you’re not alone. Many people face this challenge after overdrafts, unpaid fees, or closed accounts appear on their record.
Even if traditional banks have turned you down, some credit unions are more flexible and can help you get back on track.
How ChexSystems Impacts Your Ability to Bank
ChexSystems is a consumer reporting agency that monitors banking activity such as overdrafts, unpaid fees, and account closures. Negative information can remain on your ChexSystems report for up to five years, often making it harder to open new accounts.
Because about 80% of banks and credit unions use ChexSystems, a past banking mistake can follow you longer than expected and limit your options.
Addition Financial Credit Union’s ChexSystems Policy Explained
Addition Financial Credit Union does not use ChexSystems when reviewing new account applications. That means even if you have negative information on your ChexSystems report, it won’t automatically prevent you from opening an account.
This policy makes Addition Financial Credit Union a practical choice for anyone working to rebuild their banking history or restore access to essential financial services.
Why Addition Financial Credit Union Is Worth Considering
By skipping ChexSystems, Addition Financial Credit Union gives more people access to traditional banking features like direct deposit, debit cards, and online bill pay. Members can open checking accounts with fewer restrictions and start rebuilding their financial profile.
It’s a helpful option if you want to move past previous issues and enjoy a full-service credit union experience without the limitations imposed by ChexSystems screening.
Best Banks and Credit Unions That Don’t Use ChexSystems
If you’re exploring other institutions that also skip ChexSystems, here are three reliable alternatives that make opening a new account simple and stress-free.
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.
