If you’ve ever been turned down for a checking account, you know how discouraging it can feel. Many banks check your history through ChexSystems, a reporting agency that tracks things like unpaid fees, overdrafts, and closed accounts.
Once negative activity appears in your record, it can stay there for up to five years, making it harder to open new accounts even after you’ve moved past the issue.
How ChexSystems Can Limit Access to Banking
Roughly 80% of banks and credit unions in the U.S. use ChexSystems to evaluate new account applications. If your record includes negative marks, you could be denied access to basic financial tools such as checking or savings accounts.
Still, not all financial institutions depend on ChexSystems. Some offer second chance checking accounts that help people rebuild trust and reestablish their place in the banking system.
Old National Bank’s Policy on ChexSystems
Old National Bank uses ChexSystems when reviewing new checking account applications. If your file shows unpaid fees, overdrafts, or other negative items, your application may not be approved.
This can be a setback if you’re working to improve your financial record, but it doesn’t mean you’re out of options. Many banks and credit unions make it easy to open a checking account without reviewing your ChexSystems record.
Alternatives to Old National Bank That Don’t Use ChexSystems
If Old National Bank’s policy presents an obstacle, consider these trusted alternatives that welcome new customers without ChexSystems screening:
SoFi
- Up to $300 sign-up bonus with direct deposit
- No minimum opening deposit
- Earn up to 3.60% 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.
