Have you been denied a checking account because of a negative banking history? If so, don’t worry—there are alternative banking solutions that can meet your needs, even if you’ve been turned down by traditional banks.
ChexSystems is a consumer reporting agency that tracks certain banking behaviors, such as overdrafts, unpaid fees, or account closures. This information can stay on file for up to five years, making it difficult to open new accounts. Since about 80% of U.S. banks and credit unions use ChexSystems, it can create a challenge for individuals with a troubled banking past.
GO2bank’s ChexSystems Policy
If you’re considering opening a checking account with GO2bank, you’ll be happy to know that they do not use ChexSystems when reviewing account applications. This makes GO2bank a solid choice for those with a negative banking history who are seeking a fresh start.
Benefits of Banking With GO2bank
GO2bank’s decision not to use ChexSystems allows more people to access banking services without being limited by their past financial mistakes. Their account options are designed to be user-friendly, offering features that cater to everyday banking needs without the hurdles that other banks might impose.
Alternatives to GO2bank That Don’t Use ChexSystems
While GO2bank is a great option, there are several other banks and credit unions that don’t rely on ChexSystems for account approvals. Here are three excellent alternatives to consider:
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.
Crediful is your go-to destination for all things related to personal finance. We're dedicated to helping you achieve financial freedom and make informed financial decisions. Our team of financial experts and enthusiasts brings you articles and resources on topics like budgeting, credit, saving, investing, and more.