If you’ve had problems opening a checking account because of past banking issues, you’re not alone. Many people find it difficult to get approved after overdrafts, unpaid fees, or closed accounts appear on their record.
Even so, banks like Chase have options that can help you regain access to essential banking services and rebuild your financial stability.
How ChexSystems Impacts Account Approvals
ChexSystems is a consumer reporting agency that monitors banking activity such as overdrafts, unpaid balances, and account closures. These records can stay on file for up to five years, which can affect your ability to open new accounts.
Since about 80% of banks and credit unions in the United States rely on ChexSystems, even one negative entry can limit your ability to qualify for a traditional checking account.
Chase’s ChexSystems Policy Explained
Chase uses ChexSystems for most of its checking account applications. If your ChexSystems report contains negative information—such as unpaid fees, overdrafts, or account closures—it could prevent you from opening a standard checking account.
However, Chase also provides an alternative option for customers who want a second chance to rebuild their financial record.
Chase Secure Banking Account
The Chase Secure Banking account is designed for people who may not qualify for a regular checking account. This account does not rely on ChexSystems for approval and gives you access to everyday banking features without overdraft fees.
It includes mobile check deposit, online bill pay, and access to more than 15,000 Chase ATMs and 4,700 branches nationwide. The monthly fee is $4.95, and there’s no minimum balance requirement. For anyone looking to bank with Chase after previous issues, this account offers a practical way to start fresh.
Other Banks That Don’t Use ChexSystems
If you want to explore other options, several banks and credit unions make it easy to open an account without using ChexSystems. These institutions offer simple approval processes and modern banking features.
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.
