Have you been turned down for a checking account due to a negative banking history? If so, it’s important to understand your options and explore alternative banking solutions available to you.
An account in ChexSystems can remain active for up to five years. And unfortunately, about 80% of all banks and credit unions in the U.S. use ChexSystems.
However, there are some banks that don’t use ChexSystems. Additionally, some banks offer “second chance” accounts for people who have been denied elsewhere.
If you’re considering opening an Aspiration checking account, you probably want to know, “does Aspiration use ChexSystems?”
The answer is, no, they don’t.
However, it’s worth noting that Aspiration isn’t the only option out there. Several other banks and credit unions also choose not to use ChexSystems. Here are three excellent alternatives to consider:
Best Banks That Don’t Use ChexSystems
- Up to $250 sign-up bonus with direct deposit
- No minimum opening deposit
- Earn up to 4.30% APY
- Over 55,000 fee-free ATMs
- Early pay with direct deposit
The SoFi Checking and Savings account ensures a hassle-free experience with no overdraft fees, minimum balance fees, or monthly fees.
For a limited period, SoFi is offering a rewarding bonus of up to $250 to customers who make qualifying direct deposits. Plus, enjoy access to over 55,000 Allpoint® Network ATMs courtesy of SoFi.
You can also enjoy the convenience of receiving your paycheck up to 2 days in advance with SoFi’s early direct deposit feature.
One of the defining features of SoFi is its impressive annual percentage yield (APY) – a hefty 4.30% on savings and 1.20% on checking balances, all tied to direct deposits. There’s no need for a minimum direct deposit amount to enjoy these rates.
In addition, SoFi debit card users can earn up to 15% cash back at local establishments, providing an extra incentive to make use of SoFi’s comprehensive banking services.
- $400 sign-up bonus
- $25 minimum opening deposit
- Monthly service fee can be waived
- Over 40,000 fee-free ATMs
Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.
1. Out-of-network ATM withdrawal fees may apply with Chime except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
2. Early access to direct deposit funds depends on the timing of the submission of the payment ﬁle from the payer. Chime generally make these funds available on the day the payment ﬁle is received, which may be up to 2 days earlier than the scheduled payment date.
- 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.