If you’ve been denied a checking account due to past banking issues, you’re not alone. Many people find themselves in this situation and wonder which banks will give them another chance. Knowing whether MidFirst Bank uses ChexSystems can help you decide if it’s the right fit for you.
ChexSystems is a consumer reporting agency that tracks banking activity such as unpaid overdrafts, account closures, and unresolved fees. These records can remain active for up to five years, which often leads to denied applications when opening new accounts.
How ChexSystems Affects Your Banking Choices
About 80% of banks and credit unions in the U.S. use ChexSystems reports to screen new applicants. If your record shows unpaid fees or past account issues, your application may be automatically denied.
While ChexSystems is intended to help banks assess risk, it can make it difficult for people who’ve already addressed their past mistakes to access basic financial tools. Fortunately, many financial institutions now skip ChexSystems checks or offer more inclusive account options to help customers get back on track.
MidFirst Bank’s ChexSystems Policy
MidFirst Bank does use ChexSystems when reviewing applications for new checking accounts. If your ChexSystems record contains negative entries, such as unpaid fees or multiple overdrafts, your application may not be approved.
While this may be discouraging, it doesn’t mean you’re out of options. Many banks and credit unions welcome customers without using ChexSystems, offering simple, low-cost checking accounts that can be opened online in minutes.
Banks That Don’t Use ChexSystems
If MidFirst Bank isn’t an option for you, consider one of the following banks. They don’t rely on ChexSystems and make it easy to open a checking account even if you’ve had past banking challenges.
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.
