If your application for a checking account has been denied because of past banking issues, you’re not alone. ChexSystems tracks your banking activity, including overdrafts, unpaid fees, and closed accounts. These records can remain on file for up to five years, which can make it harder to open new accounts.
This can feel frustrating when you’re trying to rebuild your financial footing. Fortunately, not every financial institution relies on ChexSystems. Some banks and credit unions offer more flexible approval options or accounts made for people who’ve faced similar challenges.
How ChexSystems Can Affect Your Banking Options
ChexSystems is used by about 80% of banks and credit unions in the United States to screen new applicants. If your report includes negative marks, your application may be denied, even if you’ve resolved the issue.
Still, many institutions are more lenient. Some provide second chance accounts for those rebuilding their financial record, while others skip ChexSystems entirely, making it easier to open a new account and start fresh.
Armed Forces Bank’s ChexSystems Policy
Armed Forces Bank does not use ChexSystems when reviewing applications for checking accounts. That means even if you have a negative ChexSystems record, you can still open an account.
The bank offers checking and savings options without barriers tied to past banking history. It’s especially convenient for active-duty military members, veterans, and their families looking for simple, reliable banking access.
Why Armed Forces Bank Is a Strong Choice
Armed Forces Bank focuses on helping military personnel and their loved ones manage money easily, whether at home or overseas. You can open an account online, access direct deposit, and use nationwide ATMs without worrying about ChexSystems restrictions.
Their accounts are designed to provide flexibility and convenience for people who’ve struggled with traditional banks. For anyone rebuilding their banking record, this makes Armed Forces Bank an excellent starting point.
Other Banks That Don’t Use ChexSystems
If Armed Forces Bank isn’t the right fit, several other banks and credit unions also skip ChexSystems. These alternatives offer fast approval, no hidden fees, and modern tools to manage your money effectively.
SoFi
- Up to $300 sign-up bonus with direct deposit
- No minimum opening deposit
- Earn up to 3.60% 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
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.
