If you’ve been denied a checking account because of past banking problems, you’re not alone. ChexSystems tracks banking activity such as unpaid fees, overdrafts, and closed accounts, and those records can stay on file for up to five years.
This can make opening new accounts challenging, especially since about 80% of U.S. banks and credit unions use ChexSystems when reviewing applications. Still, there are banks that offer more flexible options for people rebuilding their financial stability.
How ChexSystems Can Affect Your Banking Options
Having a ChexSystems record can limit your ability to open an account at most traditional banks. Even minor past mistakes can cause denials, making it harder to manage your money or access direct deposit.
Fortunately, not every financial institution relies on ChexSystems. Some skip it entirely, while others offer second chance checking accounts that help customers reestablish their banking record and rebuild trust over time.
Green Dot’s ChexSystems Policy
If you’re considering opening an account with Green Dot, there’s good news—Green Dot does not use ChexSystems when reviewing applications. That means your past banking history won’t prevent you from opening an account.
Green Dot is known for being accessible and convenient. It offers easy online applications, reloadable debit cards, and features like early direct deposit, making it a solid option for people looking to manage money without banking barriers.
Other Banks That Don’t Use ChexSystems
Green Dot is a great choice, but there are several other banks that also skip ChexSystems. These options make it easy to open an account, access your money, and start rebuilding your financial foundation.
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.
