If you’ve struggled to open a checking account because of past banking issues, there’s some encouraging news: Navy Federal Credit Union does not use ChexSystems when reviewing applications. That means a negative ChexSystems record won’t automatically block you from becoming a member.
ChexSystems is a consumer reporting agency that tracks banking behavior, such as unpaid overdrafts, returned checks, or accounts that were closed with a balance. These records can stay on file for up to five years, which is why so many people find it tough to get approved elsewhere.
How ChexSystems Can Affect New Account Approvals
Most financial institutions—around 80% of banks and credit unions—check ChexSystems when deciding whether to approve new accounts. If your record shows negative activity, your application might be rejected even if you’ve already paid old debts.
That’s why finding a bank or credit union that doesn’t use ChexSystems can make such a difference. It gives you a fair chance to open an account, rebuild trust, and get back to everyday banking.
Navy Federal Credit Union’s ChexSystems Policy
Navy Federal Credit Union stands out because it doesn’t pull your ChexSystems record when you apply for membership or open a checking account. This makes it one of the more accessible options for people who have been turned away by traditional banks.
To join, you’ll need to meet membership requirements, which include military affiliation or having a family member who qualifies. Once you’re in, you’ll have access to checking accounts with features like direct deposit, mobile banking, and nationwide ATM access.
Other Banks That Don’t Use ChexSystems
Navy Federal Credit Union is a great choice if you qualify for membership, but it’s not the only option available. These banks also skip ChexSystems checks and make it easier to open a new account.
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.
