If you’ve had a checking account application denied because of past banking issues, you’re not alone. Many people face this situation after overdrafts, unpaid fees, or closed accounts show up on their record.
Even if other banks have turned you down, there are still ways to rebuild your financial profile and open an account that fits your needs.
Why ChexSystems Can Make Opening a Bank Account Harder
ChexSystems is a consumer reporting agency that tracks certain banking activity, such as overdrafts, unpaid fees, and account closures. Negative information can stay on your ChexSystems report for up to five years and may affect your ability to open new accounts.
Because about 80% of banks and credit unions in the United States use ChexSystems, even one negative record can make it more difficult to get approved for a traditional checking account.
Bask Bank’s ChexSystems Policy Explained
Bask Bank does use ChexSystems when reviewing new account applications. If your ChexSystems report contains negative information, such as unpaid fees or overdrafts, it could impact your ability to open a checking or savings account.
In addition, Bask Bank does not offer a second chance checking account, which means applicants with a negative banking record may have a harder time getting approved.
What to Do If You’ve Been Denied for a Bank Account
If ChexSystems is standing in your way, there are still options available. Some banks and credit unions skip ChexSystems completely, while others offer accounts designed for customers who are rebuilding their financial history.
These accounts often include standard features like debit card access, direct deposit, and mobile banking tools that can help you manage your money and restore your financial stability.
Banking Options That Don’t Use ChexSystems
If you’ve had trouble opening an account at Bask Bank, these trusted banks make it easier to start fresh without the limitations of ChexSystems.
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.
