Have you been denied a checking account because of past banking issues? You’re not alone. Many people run into problems with overdrafts, unpaid fees, or closed accounts—but that doesn’t mean you’re stuck forever. With the right steps, you can rebuild your financial standing and open a new account again.
ChexSystems is a consumer reporting agency that tracks your banking history, including overdrafts, unpaid fees, and negative account closures. A record can stay on file for up to five years, and since most banks rely on ChexSystems, it can make opening new accounts challenging. Understanding how it works can help you find the best path forward.
How ChexSystems Affects Your Banking Choices
A ChexSystems record can limit your access to standard checking accounts. Many banks see it as a sign of risk and may deny your application.
However, not all financial institutions rely on ChexSystems. Some offer second chance accounts designed to help you rebuild your record and regain access to everyday banking.
Alliant Credit Union’s ChexSystems Policy
Alliant Credit Union does check ChexSystems when you apply for a new account. If your report includes unpaid fees, overdrafts, or past closures, it could affect your approval.
Even so, Alliant Credit Union is worth a look if your record has improved. They’re known for excellent digital tools, low fees, and high-yield savings options, making them a strong choice once your ChexSystems file is clear.
Alternatives to Alliant Credit Union
If ChexSystems is still holding you back, plenty of banks don’t use it—or they offer second chance accounts that give you access to key features like debit cards, direct deposit, and mobile banking.
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.
