If you’ve struggled to open a checking account because of past banking issues, you’re not alone. Many people run into this problem after overdrafts, unpaid fees, or account closures show up on their record.
Even if a traditional bank has turned you down, there are other financial institutions that can help you start rebuilding your banking history.
How ChexSystems Can Affect Your Ability to Bank
ChexSystems is a consumer reporting agency that tracks certain banking activity, such as overdrafts, unpaid fees, and account closures. Negative entries can stay on your ChexSystems report for up to five years and may prevent you from opening new accounts.
Because around 80% of U.S. banks and credit unions use ChexSystems, even a single negative record can make it difficult to get approved elsewhere.
CIT Bank’s ChexSystems Policy Explained
CIT Bank does use ChexSystems when reviewing new account applications. If your ChexSystems report shows negative information, it may affect your ability to open a checking or savings account.
In addition, CIT Bank does not offer a second chance checking account, which means applicants with a negative banking record may have difficulty opening an account.
Why ChexSystems Can Limit Your Banking Options
Having a record in ChexSystems can restrict your access to standard checking accounts, but that doesn’t mean you’re out of options. Many financial institutions skip ChexSystems entirely or offer special accounts designed for people working to rebuild their financial standing.
These accounts typically come with core features like direct deposit, debit card access, and online banking—helping you manage money responsibly while improving your record over time.
Best Banks That Don’t Use ChexSystems
If CIT Bank’s ChexSystems policy stands in your way, there are several strong alternatives that welcome customers with past banking challenges.
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.
