If you’ve ever been denied a checking account because of a negative banking history, you’re not alone. Many people face the same challenge—but there are now better options for getting back on track.
ChexSystems is a consumer reporting agency that keeps track of banking activity such as unpaid fees, overdrafts, and account closures. These records can stay on your file for up to five years and may make it difficult to open new accounts.
Since roughly 80% of U.S. banks and credit unions rely on ChexSystems to review applications, finding one that doesn’t can make a big difference.
Current’s ChexSystems Policy
Current does not use ChexSystems. That makes it an excellent choice if you’ve had trouble opening a checking account elsewhere. Instead of relying on past banking history, Current focuses on accessibility and financial progress.
This approach gives more people the chance to build a better banking relationship without being penalized for old mistakes.
Why Current Is a Strong Choice
Current was built to make banking simple and inclusive. The app-based account gives you all the essential tools to manage your money without the stress of hidden fees or long approval processes.
Key benefits of banking with Current:
- No ChexSystems or credit check
- No minimum balance or overdraft fees
- Get paid up to two days early with direct deposit
- Access to over 40,000 fee-free ATMs
- Earn points and redeem them for cash back
Current’s modern approach to banking means you can open an account in minutes and start managing your money right from your phone.
Alternatives to Current That Don’t Use ChexSystems
If you want more options like Current, several other banks and credit unions also skip ChexSystems and welcome people rebuilding their financial standing. Here are a few of the best alternatives:
SoFi
- Up to $300 sign-up bonus with direct deposit
- Earn up to 3.80% APY
- Over 55,000 fee-free ATMs
- Early pay with direct deposit
Chime
- Up to 3.75% APY on a high-yield savings account
- Over 60,000+ fee-free ATMs
- Up to $200 fee-free overdraft coverage
- Get paid up to 2 days early with direct deposit
Stash
- Earn stock with every purchase through Stock-Back® Rewards
- Access to over 55,000 fee-free ATMs
- No overdraft fees on debit card purchases
- 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.
