If you’ve been denied a checking account in the past, ChexSystems might be the reason. Many banks, including First National Bank of Omaha (FNBO), rely on this consumer reporting agency to review your banking history and assess risk.
ChexSystems tracks unpaid overdrafts, returned checks, and accounts closed with a balance. These records can stay on file for up to five years, which can make opening a new account more challenging during that time.
How ChexSystems Affects Your Account Options
Most banks and credit unions in the U.S. use ChexSystems to screen new customers. If your file shows issues like unpaid overdrafts or an account closed with a balance, your application may be turned down automatically.
That doesn’t mean you’re stuck without options. Some banks skip ChexSystems entirely, while others offer second chance accounts that give you an opportunity to rebuild trust with the banking system and prove your reliability over time.
FNBO’s Policy on ChexSystems
FNBO does use ChexSystems when reviewing new checking account applications. If your report includes unpaid fees or other negative activity, that information could lead to a denial.
If you’ve had trouble in the past, it may help to focus on banks that don’t use ChexSystems or that provide more flexible approval requirements. These banks can be a great place to reestablish your financial footing and get back to normal banking.
Banks That Don’t Use ChexSystems
If you’re searching for an alternative to FNBO, these trusted 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.
