Getting denied for a checking account can be frustrating, especially if it’s tied to past banking issues. The good news is that you still have options, and knowing how Fulton Bank handles ChexSystems can help you decide what to do next.
Fulton Bank is a long-established regional bank with locations throughout the Mid-Atlantic region. Like many traditional banks, it uses ChexSystems to review new checking account applications. Here’s what that means and where you can still bank if your record isn’t perfect.
How ChexSystems Influences Banking Access
ChexSystems is a consumer reporting agency that tracks certain types of banking activity, including overdrafts, unpaid fees, and closed accounts. These records can stay active for up to five years and are reviewed by most financial institutions when deciding whether to approve a new account.
About 80% of banks and credit unions in the United States use ChexSystems to assess potential customers. A negative record can make it difficult to open an account, which often limits access to direct deposit, bill pay, and other essential banking services. Some institutions provide second chance accounts to help rebuild your banking history, but Fulton Bank does not currently offer one.
Fulton Bank’s ChexSystems Policy
Fulton Bank does use ChexSystems when evaluating checking account applications. If your report shows unpaid balances or previous account closures, your application may be denied.
Since Fulton Bank does not have a second chance checking account, those with a negative banking record may find it challenging to get approved.
Better Banking Alternatives
If ChexSystems is standing in your way at Fulton Bank, there are plenty of other financial institutions that make opening an account easier. Several online banks skip ChexSystems checks entirely, offering modern tools, quick approval, and no unnecessary fees.
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.
