If you’ve been denied a checking account because of past banking issues, you’re not alone. ChexSystems tracks your banking activity, including overdrafts, unpaid fees, and account closures. These records can stay on file for up to five years and often make it difficult to open new accounts.
This can feel discouraging when you’re trying to get back on track. Fortunately, not every financial institution uses ChexSystems. Some offer second chance accounts or skip ChexSystems altogether, giving you a fair chance to rebuild your banking history.
How ChexSystems Can Affect Your Banking Options
About 80% of banks and credit unions in the United States use ChexSystems to screen new applicants. A negative record can cause account denials, even if you’ve already resolved past issues.
However, more banks are starting to take a flexible approach. Some provide checking accounts for people with a previous ChexSystems record, while others—like Credit Union One—don’t use ChexSystems at all.
Credit Union One’s ChexSystems Policy
Credit Union One does not use ChexSystems when reviewing applications for checking or savings accounts. That means even if your ChexSystems report has negative information, you can still open an account.
The credit union offers multiple account types, including everyday checking, savings, and options with extra perks like rewards or higher interest rates. Whether you’re managing daily expenses or planning for long-term goals, Credit Union One makes it easy to get started.
Why Credit Union One Is a Good Choice
Credit Union One provides accessible banking with convenient digital tools and nationwide ATM access. You can manage your money online, through their mobile app, or at one of their many local branches.
If you’ve struggled to open an account elsewhere, Credit Union One offers a practical solution. Its ChexSystems-free approach helps you rebuild financial stability without facing the usual barriers.
Other Banks That Don’t Use ChexSystems
If Credit Union One isn’t available in your area, there are other great banks that also skip ChexSystems. These alternatives make it easy to open an account, manage your money, and regain control of your finances.
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.
