Have you been denied a checking account because of past banking issues? If so, you’re not alone. Many people face the same problem but still have options to rebuild their financial foundation.
ChexSystems records can make it harder to open new accounts, but some financial institutions take a more flexible approach. Connexus Credit Union is one of them.
How ChexSystems Impacts Your Banking Choices
ChexSystems is a consumer reporting agency that tracks certain banking activities, such as overdrafts, unpaid fees, and closed accounts. These records can stay on file for up to five years and are used by about 80% of banks and credit unions to screen new applicants.
If your ChexSystems record contains negative information, your application for a new checking account could be denied. However, not every bank relies on ChexSystems—some provide second chance accounts, while others skip the screening altogether.
Connexus Credit Union’s ChexSystems Policy
Connexus Credit Union does not use ChexSystems when reviewing new account applications. This makes it a strong choice for people who have had banking challenges in the past. Even if your ChexSystems record includes negative entries, you can still qualify for membership and open a checking account.
Connexus offers multiple checking options, including Xtraordinary Checking, Teen Checking, and Everyday Checking. Each account includes mobile and online banking, access to nationwide ATMs, and competitive rates without the restrictions that come with ChexSystems reviews.
Benefits of Banking With Connexus
Connexus provides members with a full range of digital tools and everyday banking features. Once you join, you can take advantage of:
- Free checking options: No monthly service fees or simple ways to avoid them.
- Nationwide ATM access: Thousands of surcharge-free ATMs through CO-OP and MoneyPass networks.
- Digital banking tools: Deposit checks, transfer money, and pay bills through the Connexus app.
- Competitive rates: Some accounts earn dividends when monthly activity requirements are met.
These features make Connexus an appealing option for people rebuilding their financial standing without giving up modern convenience.
Alternatives to Connexus Credit Union That Don’t Use ChexSystems
If Connexus isn’t available in your area, other banks and credit unions also skip ChexSystems entirely. Here are three great alternatives to consider:
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.
