If you’ve had past banking problems, you may wonder how they affect your ability to open a new account. Many banks and credit unions rely on ChexSystems to screen applicants, and America First Credit Union is one of them.
ChexSystems tracks banking activity such as unpaid fees, overdrafts, and closed accounts. These records can stay active for up to five years, which can make it harder to open a new account with many financial institutions.
How ChexSystems Can Limit Your Banking Options
Around 80% of banks and credit unions in the United States use ChexSystems when evaluating new customers. If your file includes negative marks, your application could be denied.
Even so, not all financial institutions take the same approach. Some skip ChexSystems altogether, while others offer second chance checking accounts designed to help you rebuild your banking record and restore access to standard financial services.
America First Credit Union’s Policy on ChexSystems
America First Credit Union does use ChexSystems when reviewing new account applications. If your ChexSystems record includes negative activity, it may affect your ability to open a checking account.
While their detailed review process isn’t publicly disclosed, America First Credit Union may also consider additional factors beyond your ChexSystems record. If you’ve been denied, it’s worth contacting them directly to discuss your options.
Banks and Credit Unions That Don’t Use ChexSystems
If you’re unable to open an account at America First Credit Union, there are several alternatives that offer easier approval and flexible account features. Here are a few to explore:
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.
