If you’ve been denied a checking account due to a negative banking history, you’re not alone. Many people experience this hurdle, but alternative banking options are still available to help you manage your finances.
ChexSystems is a consumer reporting agency that tracks certain banking behaviors such as unpaid fees, overdrafts, and closed accounts. These records can remain on your report for up to five years, making it challenging to open new accounts. Since around 80% of banks and credit unions in the U.S. use ChexSystems, it can be a significant barrier for anyone with a troubled banking history.
FSNB’s ChexSystems Policy
If you’re considering a checking account with FSNB (formerly Fort Sill National Bank), the good news is that they do not rely on ChexSystems to evaluate applications. This makes FSNB an excellent choice for those who have had difficulty opening accounts elsewhere due to past banking issues.
How FSNB Helps You Overcome ChexSystems Challenges
For those who have faced obstacles because of ChexSystems, FSNB offers an opportunity to start fresh. By not using ChexSystems, they provide an accessible way to regain financial control. But FSNB isn’t the only institution that provides this level of flexibility—there are several other banks and credit unions that also don’t rely on ChexSystems for account approval.
More Options to Explore Beyond FSNB
While FSNB is a solid option, you may want to explore additional banks and credit unions that also bypass ChexSystems. Here are a few alternatives that provide similar opportunities:
U.S. Bank
- Up to $400 sign-up bonus
- $25 minimum opening deposit
- Monthly service fee can be waived
- Over 40,000 fee-free ATMs
SoFi
- Up to $300 sign-up bonus with direct deposit
- No minimum opening deposit
- Earn up to 4.30% 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
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.
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