You finally decide to open a new checking account—only to find out your application’s been denied. It’s frustrating, especially if you’ve already taken steps to manage your money better. In most cases, the reason is ChexSystems.
ChexSystems tracks banking activity such as overdrafts, unpaid fees, and closed accounts. These records can stay on file for up to five years, which can make it difficult to qualify for new accounts during that time.
How ChexSystems Shapes Your Banking Access
Most banks and credit unions in the U.S.—roughly 80%—use ChexSystems to decide whether to approve new customers. If your record includes negative activity, your application might be rejected automatically.
Still, some financial institutions take a different approach. A few skip ChexSystems entirely, and others offer second chance checking accounts that help people rebuild trust and regain access to everyday banking.
Community First Credit Union’s Policy on ChexSystems
Community First Credit Union does ChexSystems when evaluating new checking account applications. However, unlike many institutions, they provide a second chance checking account.
This account is designed for people who’ve been turned down elsewhere. It gives you the opportunity to rebuild your financial standing, demonstrate consistent account management, and eventually transition to a standard checking account.
Banks and Credit Unions That Don’t Use ChexSystems
If Community First Credit Union’s second chance account isn’t the right fit, here are other financial institutions that don’t rely on ChexSystems at all:
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.
