If you’ve had trouble opening a checking account because of a past banking issue, you’re not alone. Many banks rely on ChexSystems to review your banking history before approving new accounts.
ChexSystems tracks unpaid overdrafts, closed accounts, and other negative activity. These records can stay on your file for up to five years, which can make it harder to open a new account during that time.
How ChexSystems Impacts Access to Banking
Most banks and credit unions use ChexSystems to help them decide whether to approve new customers. If your ChexSystems record includes unpaid fees or an account that was closed in the past, your application might be declined.
Still, not every financial institution depends on ChexSystems. Some offer second chance checking accounts designed for people who want to rebuild their banking history and show consistent, responsible account management.
First Citizens Bank’s Policy on ChexSystems
First Citizens Bank does review ChexSystems records when evaluating new checking account applications. If your file shows negative activity, your application may not be approved.
The bank also does not offer a second chance checking account, so if you’ve been flagged by ChexSystems, you may want to consider a more flexible option that allows you to start fresh.
Alternatives to First Citizens Bank That Don’t Use ChexSystems
If First Citizens Bank isn’t an option for you, the following banks make it easy to open a checking account without a ChexSystems review:
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.
