If you’ve been denied a checking or savings account because of past banking problems, you’re not alone. ChexSystems tracks your banking activity, such as overdrafts, unpaid fees, and closed accounts. These records can stay on file for up to five years and make it harder to qualify for new accounts.
This can feel discouraging, but not every financial institution relies on ChexSystems. Some banks skip it altogether or offer second chance accounts that give you a real opportunity to rebuild and manage your money responsibly.
How ChexSystems Can Affect Your Banking Options
ChexSystems is used by about 80% of U.S. banks and credit unions to evaluate new account applications. If your ChexSystems report shows negative activity, your application might be denied, even if you’ve already fixed the issue.
Still, there are many banks that take a more flexible approach. Some offer second chance accounts, while others don’t use ChexSystems at all—giving you more options to open an account and move forward financially.
Capital One’s ChexSystems Policy
Capital One does not use ChexSystems when reviewing applications for checking or savings accounts. That means you can open an account even if your ChexSystems report includes negative marks.
This makes Capital One a strong choice for people rebuilding their banking history. They offer flexible, low-cost accounts that are easy to manage and include features that help you stay on top of your finances.
Why Capital One Is a Smart Choice
Capital One provides several checking and savings account options that fit different financial needs. Whether you want a simple checking account or a high-yield savings account, you can find one that works for you.
Some of the most appealing features include:
- No monthly fees: Many Capital One accounts don’t charge maintenance fees, helping you save money each month.
- ATM access: Enjoy access to more than 70,000 fee-free ATMs across the country.
- Digital banking: Use Capital One’s mobile app and online tools to manage your money, pay bills, and track spending anytime.
Other Banks That Don’t Use ChexSystems
If Capital One isn’t the right fit, there are several other banks and credit unions that don’t rely on ChexSystems. These options make it simple to open an account and get back to banking without unnecessary barriers.
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.
