If you’ve had trouble opening a checking account because of past banking problems, you’re not alone. Overdrafts, unpaid fees, or closed accounts can make it hard to get approved for new accounts.
Even so, there are banks and credit unions that focus on helping people rebuild their financial record and regain access to everyday banking.
What to Know About ChexSystems
ChexSystems is a consumer reporting agency that collects information about banking activity, including overdrafts, unpaid fees, and account closures. Negative records can remain on your ChexSystems report for up to five years, often limiting your ability to open new accounts.
Since around 80% of U.S. banks and credit unions use ChexSystems, a single issue can make it harder to qualify for traditional checking accounts.
Consumers Credit Union’s ChexSystems Policy Explained
Consumers Credit Union does use ChexSystems as part of its account review process. If your ChexSystems report includes negative entries such as unpaid fees or past overdrafts, it could impact your ability to open a checking or savings account.
In addition, Consumers Credit Union does not offer a second chance checking account, which can make approval difficult for applicants with a negative banking history.
How to Move Forward After Being Denied
A record in ChexSystems can feel like a setback, but there are still options. Some financial institutions do not use ChexSystems at all, while others provide accounts designed specifically for rebuilding your banking record.
These accounts usually include features like debit cards, direct deposit, and online banking, giving you full access to manage your money while improving your financial track record.
Top Banks That Don’t Use ChexSystems
If you’ve been denied an account at Consumers Credit Union, these financial institutions make it easier to get started and rebuild your banking history.
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.
