Have you been turned down for a checking account because of past banking issues? If so, you might be wondering what other options are available to help you manage your finances.
ChexSystems is a consumer reporting agency that tracks banking behaviors like overdrafts, unpaid fees, and account closures. These records can stay on your file for up to five years, making it difficult to open new accounts. Since about 80% of U.S. banks and credit unions use ChexSystems, it can pose a significant challenge for those with a poor banking history.
How ChexSystems Impacts Your Banking Choices
A ChexSystems report can limit your ability to open checking accounts at many financial institutions. However, this doesn’t mean you’re out of options. Some banks offer second chance accounts, while others don’t use ChexSystems at all, providing opportunities to rebuild your financial standing.
Ameris Bank’s ChexSystems Policy
If you’re considering opening a checking account at Ameris Bank, it’s important to be aware that they do use ChexSystems as part of their account approval process. This means that a negative entry in your report could affect your chances of opening an account.
Options Beyond Ameris Bank
If ChexSystems is creating obstacles for you at Ameris Bank, don’t worry—there are other banks and credit unions that do not rely on ChexSystems. Here are three alternatives worth exploring:
U.S. Bank
- Up to $400 sign-up bonus
- $25 minimum opening deposit
- Monthly service fee can be waived
- Over 40,000 fee-free ATMs
SoFi
- Up to $300 sign-up bonus with direct deposit
- No minimum opening deposit
- Earn up to 4.50% 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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