If you’ve been denied a checking account because of past banking issues, you’re not the only one. Overdrafts, unpaid fees, or account closures can make it harder to open new accounts at traditional banks.
Even if you’ve run into these challenges, you still have options to rebuild your banking record and find an institution that fits your financial needs.
How ChexSystems Can Affect Your Ability to Bank
ChexSystems is a consumer reporting agency that tracks certain banking activity such as unpaid fees, overdrafts, and closed accounts. Negative entries can remain on your ChexSystems report for up to five years and may limit your ability to open new accounts.
Because about 80% of banks and credit unions in the United States use ChexSystems, a negative record can make it difficult to qualify for a standard checking account.
City National Bank’s ChexSystems Policy Explained
City National Bank does use ChexSystems to review new account applications. If your ChexSystems report shows negative information, such as unpaid balances or frequent overdrafts, it could affect your chances of being approved for a checking or savings account.
In addition, City National Bank does not offer a second chance checking account, which may make it more difficult for people with a negative banking record to open an account.
Options If You’ve Been Denied a Checking Account
A ChexSystems record can make banking harder, but it doesn’t mean you’re out of options. Some banks and credit unions choose not to use ChexSystems, while others offer special accounts designed to help customers rebuild their financial standing.
These accounts often include debit cards, direct deposit, and mobile banking, helping you manage your finances while restoring your banking reputation.
Banks That Don’t Use ChexSystems
If you’ve had trouble opening an account at City National Bank, there are several other banks that make it easier to start fresh without ChexSystems screening.
SoFi
- Up to $300 sign-up bonus with direct deposit
- No minimum opening deposit
- Earn up to 3.60% 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.
