Has a negative banking history made it difficult for you to open a checking account? If this sounds familiar, it’s crucial to explore the alternatives and discover other banking solutions available to you.
ChexSystems is a reporting agency that tracks certain banking behaviors, such as unpaid fees, overdrafts, and account closures. These records can remain active for up to five years, and since around 80% of U.S. banks and credit unions use ChexSystems, it can be a barrier to opening new accounts.
ChexSystems and Your Banking Options
A ChexSystems record can limit your ability to open accounts at many traditional banks, but that doesn’t mean you’re out of options. Some banks don’t rely on ChexSystems at all, and others offer second chance accounts, providing you with opportunities to rebuild your financial standing.
Does Green Dot Check ChexSystems?
If you’re thinking of opening a checking account with Green Dot, the good news is that they do not use ChexSystems when reviewing applications. This makes it easier to open an account, even if you’ve had issues in the past.
More Banking Options That Don’t ChexSystems
While Green Dot is a great choice, there are also other banks and credit unions that don’t check ChexSystems. If you’re exploring alternatives, here are three options worth considering:
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 4.50% 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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