If you’ve had trouble opening a checking account because of past banking issues, you’re not alone. Many banks review your history through ChexSystems before deciding whether to approve an account.
ChexSystems tracks things like overdrafts, unpaid fees, and closed accounts. These records can remain on your file for up to five years, which can make it harder to open new accounts during that time.
How ChexSystems Can Affect Banking Access
Roughly 80% of banks and credit unions across the U.S. use ChexSystems to screen applicants. If your record includes unpaid balances or other negative marks, your application may be denied.
Still, not all financial institutions rely on ChexSystems. Some offer second chance checking accounts that give you the opportunity to rebuild your banking record and restore access to everyday financial services.
Cadence Bank’s Policy on ChexSystems
Cadence Bank does not use ChexSystems when reviewing new checking account applications. That means you can open an account even if your banking history isn’t perfect.
The bank offers several account options designed for different needs, making it a strong choice for anyone looking to start fresh and rebuild their financial footing.
Other Banks That Don’t Use ChexSystems
If you’d like to explore more non-ChexSystems options beyond Cadence Bank, here are a few trusted choices worth considering:
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.
