Getting denied for a checking account can be frustrating—especially when you’re trying to get back on track. Many financial institutions review your record through ChexSystems before approving new accounts.
ChexSystems tracks things like overdrafts, unpaid fees, and account closures. These records can remain active for up to five years, which can make it difficult to open new accounts during that period.
How ChexSystems Can Affect Account Approvals
Roughly 80% of banks and credit unions in the U.S. use ChexSystems to screen applicants. If your file includes negative entries, that information can lead to a denial and limit access to basic banking services.
Even so, not every financial institution follows this process. Some skip ChexSystems entirely, while others offer second chance accounts to help customers rebuild their record and regain financial stability.
Mountain America Credit Union’s Policy on ChexSystems
Mountain America Credit Union (MACU) uses ChexSystems when reviewing new checking account applications. If your record shows unpaid fees, overdrafts, or closed accounts, your application could be declined.
While this can feel like a setback, it doesn’t have to stop your progress. Many banks and credit unions don’t rely on ChexSystems, giving you other ways to open an account and manage your money effectively.
Alternatives to Mountain America Credit Union That Don’t Use ChexSystems
If MACU’s policy doesn’t fit your situation, consider these trusted banks that make it easier to get approved:
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.
