If you’ve been denied a checking account because of past banking issues, you’re not alone. Many people face this challenge after overdrafts, unpaid fees, or closed accounts appear on their record.
Even if traditional banks have turned you down, there are still ways to rebuild your financial standing and regain access to essential banking services.
How ChexSystems Can Limit Account Approvals
ChexSystems is a consumer reporting agency that tracks certain banking activities such as unpaid fees, overdrafts, and closed accounts. Negative information can remain on your ChexSystems report for up to five years, often making it harder to open new accounts.
Since around 80% of U.S. banks and credit unions use ChexSystems, a past issue can create a significant obstacle when applying for a new account.
First Financial Bank’s ChexSystems Policy Explained
First Financial Bank does use ChexSystems when reviewing new account applications. If your ChexSystems report contains negative entries, such as unpaid fees or account closures, it may affect your ability to open a checking or savings account.
In addition, First Financial Bank does not offer a second chance checking account, which means applicants with a negative banking record may have difficulty opening an account.
What to Do If You’ve Been Denied a Checking Account
Being turned down for a bank account can feel discouraging, but there are alternatives. Some financial institutions skip ChexSystems entirely or offer second chance accounts designed to help customers rebuild their banking history.
These options often include features like direct deposit, debit cards, and online access, allowing you to manage your money while improving your record over time.
Best Alternatives to First Financial Bank
If First Financial Bank’s ChexSystems policy makes it difficult to open an account, there are several other banks that can help you get started without the extra hurdles.
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.
