If you’ve been denied a checking account because of past banking issues, you’re not alone. Many banks rely on ChexSystems, a consumer reporting agency that tracks activity such as overdrafts, unpaid fees, and closed accounts. These records can remain on file for up to five years, which often makes opening new accounts difficult.
Since about 80% of banks and credit unions use ChexSystems to screen applicants, knowing which institutions rely on it—and which don’t—can save you time and frustration.
How ChexSystems Can Affect Your Banking Options
A negative ChexSystems record can make it harder to access traditional banking services. Even small issues like an unpaid overdraft or a closed account can trigger automatic denials at many banks.
Fortunately, not every financial institution uses ChexSystems. Some skip it entirely, while others offer more flexible accounts designed to help customers reestablish their banking history and move forward with confidence.
Fifth Third Bank’s ChexSystems Policy
Fifth Third Bank does use ChexSystems when reviewing new account applications. If your ChexSystems record shows unpaid fees or account closures, your application may be denied.
While this can be discouraging, it doesn’t mean you’re out of options. Many banks now offer checking accounts that don’t rely on ChexSystems checks, giving you an opportunity to open an account and rebuild your financial stability.
Banks That Don’t Use ChexSystems
If you’re unable to open an account with Fifth Third Bank, these banks provide a more accessible alternative. They don’t use ChexSystems and offer quick, digital account setup with no credit checks.
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.
