Getting turned down for a checking account can be frustrating, but you still have options. Many banks use ChexSystems to review an applicant’s history before approving a new account.
ChexSystems tracks things like overdrafts, unpaid fees, and closed accounts. These records can remain on your file for up to five years, which can make opening new accounts more difficult during that time.
How ChexSystems Can Limit Banking Access
About 80% of banks and credit unions across the U.S. use ChexSystems to screen new applicants. If your file includes negative entries, such as unpaid overdrafts or account closures, your application could be declined.
However, not every financial institution relies on ChexSystems. Some skip it altogether, while others offer second chance accounts that help you rebuild your banking record and regain access to standard accounts.
Renasant Bank’s Policy on ChexSystems
Renasant Bank does not use ChexSystems when reviewing checking account applications. This makes it an excellent choice for anyone who’s been denied elsewhere due to past banking issues.
The bank offers multiple checking account options, giving you the flexibility to choose one that fits your needs while regaining access to reliable, everyday banking.
Alternatives to Renasant Bank That Don’t Use ChexSystems
If you’re looking for additional non-ChexSystems options, these trusted banks also make it easy to open a checking 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.
