If you’ve been denied a checking account because of past banking problems, you’re not alone. ChexSystems tracks your banking activity, including overdrafts, unpaid fees, and closed accounts. These records can stay on file for up to five years, which can make it harder to open new accounts during that time.
This can feel discouraging when you’re trying to rebuild your finances. Fortunately, not every financial institution relies on ChexSystems. Some offer second chance accounts or skip the system completely, allowing you to get back into banking more easily.
How ChexSystems Can Affect Your Banking Options
About 80% of banks and credit unions in the United States use ChexSystems when reviewing new account applications. If your report contains negative marks, your application could be denied, even if you’ve already taken steps to correct the issue.
Still, there are financial institutions that take a different approach. Some don’t use ChexSystems at all, while others offer second chance checking accounts to help people rebuild their banking record and regain access to essential financial services.
Bremer Bank’s ChexSystems Policy
Bremer Bank uses ChexSystems when screening new checking account applications. If your ChexSystems report shows negative information, your application may be denied.
While this can be a setback, you still have options. Many banks and credit unions welcome customers with a negative banking history and provide accounts that don’t rely on ChexSystems for approval.
Best Alternatives to Bremer Bank Without ChexSystems
If you’ve had trouble opening an account at Bremer Bank, you can still find strong alternatives. The banks below make it simple to open an account, manage your money, and rebuild your financial stability.
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.
