Does Bremer Bank Use ChexSystems?

Updated

If you’ve been turned down for a checking account due to a negative banking history, it can feel like your financial options are limited. ChexSystems is a consumer reporting agency that tracks your banking behavior, including things like overdrafts, unpaid fees, and closed accounts. This information can stay on your record for up to five years, making it challenging to open new accounts during that period.

The Impact of ChexSystems on Your Banking Choices

Around 80% of banks and credit unions in the U.S. rely on ChexSystems to screen new applicants. A negative ChexSystems report can result in your application being denied, limiting your access to traditional banking services. However, there are alternatives. Some financial institutions don’t rely on ChexSystems, and others offer second-chance accounts to help individuals rebuild their banking reputation.

Does Bremer Bank Screen with ChexSystems?

Unfortunately, Bremer Bank does use ChexSystems when evaluating checking account applications. This means that if you have a negative report, you may have difficulty opening an account at Bremer Bank. But don’t lose hope—many other banks and credit unions don’t use ChexSystems and can provide you with the banking services you need.

Alternatives to Bremer Bank Without ChexSystems

If you’ve been denied an account at Bremer Bank, here are some great alternatives that don’t rely on ChexSystems for account approvals:

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