If you’ve struggled to open a checking account because of past banking issues, you’re far from alone. Many banks review your record through ChexSystems before deciding whether to approve an application.
ChexSystems keeps track of things like overdrafts, unpaid fees, and account closures. These records can stay on file for up to five years, which often makes it harder to open new accounts during that time.
How ChexSystems Can Affect Banking Access
About 80% of banks and credit unions in the U.S. use ChexSystems to screen new applicants. If your file includes negative entries, your application could be denied.
Even so, some financial institutions don’t use ChexSystems, and others offer second chance checking accounts to help people rebuild their banking record and regain access to everyday financial services.
Bank of the West’s Policy on ChexSystems
Bank of the West does review ChexSystems reports when evaluating checking account applications. If your record includes unpaid fees, overdrafts, or past account closures, your application may not be approved.
The bank also doesn’t currently offer a second chance checking account, which can make it more difficult to qualify if you’ve had problems in the past. Still, several banks provide easier approval options for people in this situation.
Alternatives to Bank of the West That Don’t Use ChexSystems
If Bank of the West’s policy limits your ability to open an account, consider these trusted banks that don’t rely on ChexSystems:
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.
