Does SECU Use ChexSystems?

Have you been blacklisted by ChexSystems?

If so, you’re probably wondering how you can open a checking or savings account.

Have you been denied a checking account due to a negative banking history? If so, it’s important to understand your options and explore alternative banking solutions available to you.

An account in ChexSystems can remain active for up to five years. And unfortunately, about 80% of all banks and credit unions in the U.S. use ChexSystems.

However, there are some banks that don’t use ChexSystems. Additionally, some banks offer “second chance” accounts for people who have been denied elsewhere.

State Employees Credit Union

If you’re considering opening a SECU checking account, you probably want to know, “does SECU use ChexSystems?”

Unfortunately, the answer is, yes, they do.

However, you still have options. Several banks and credit unions do not base their decisions on ChexSystems. Take a look at these three excellent alternatives:

Best Banks That Don’t Use ChexSystems

SoFi

SoFi
Crediful’s rating
Visit Site
  • Up to $250 sign-up bonus with direct deposit
  • No minimum opening deposit
  • Earn up to 4.30% APY
  • Over 55,000 fee-free ATMs
  • Early pay with direct deposit

The SoFi Checking and Savings account ensures a hassle-free experience with no overdraft fees, minimum balance fees, or monthly fees.

For a limited period, SoFi is offering a rewarding bonus of up to $250 to customers who make qualifying direct deposits. Plus, enjoy access to over 55,000 Allpoint® Network ATMs courtesy of SoFi.

You can also enjoy the convenience of receiving your paycheck up to 2 days in advance with SoFi’s early direct deposit feature.

One of the defining features of SoFi is its impressive annual percentage yield (APY) – a hefty 4.30% on savings and 1.20% on checking balances, all tied to direct deposits. There’s no need for a minimum direct deposit amount to enjoy these rates.

In addition, SoFi debit card users can earn up to 15% cash back at local establishments, providing an extra incentive to make use of SoFi’s comprehensive banking services.

Chime

Chime
Crediful’s rating
Visit Site
  • No credit check or ChexSystems
  • No minimum opening deposit or monthly service fee
  • Over 60,000+ fee-free1 ATMs
  • Get paid up to 2 days early with direct deposit2
  • Available in all 50 states

With Chime®, a bad credit score is no longer a deal-breaker. They offer an award-winning mobile bank account and debit card with no credit check.

There are no hidden fees. And by that, we mean no overdraft fees, no monthly maintenance charges, no foreign transaction fees, and no minimum balance fees—ever.

They offer over 60,000 surcharge fee-free1 ATMs. Plus, you can get your paycheck up to 2 days earlier with direct deposit2. Chime is one of the best second chance banking options available.

U.S. Bank

U.S. Bank
Crediful’s rating
Visit Site
  • $400 sign-up bonus
  • $25 minimum opening deposit
  • Monthly service fee can be waived
  • Over 40,000 fee-free ATMs

U.S. Bank is now offering the Bank Smartly® Checking account, a popular choice that can be applied for online in 26 states throughout the U.S.

If you’re based in any of the following states – AR, AZ, CA, CO, IA, ID, IL, IN, KS, KY, MN, MO, MT, NC, ND, NE, NM, NV, OH, OR, SD, TN, UT, WA, WI, or WY – you’re eligible to apply.

By opening a Bank Smartly® Checking account and a Standard Savings account, and completing qualifying activities, you have the potential to earn up to $400. Subject to certain terms and limitations. Offer valid through June 20, 2023. Member FDIC.

The account itself provides a variety of benefits, including a complimentary debit card that can be locked or unlocked if ever misplaced or stolen. U.S. Bank ATMs offer fee-free transactions, as do over 40,000 MoneyPass Network ATMs.

Although U.S. Bank uses ChexSystems, it’s typically known to be more accommodating with its regulations than many other banks. Unless there’s a history of fraud or any money owed to U.S. Bank, opening a checking account is a possibility.

The checking account requires just a $25 minimum opening deposit, with a monthly service fee of $6.95. The monthly fee can be waived by maintaining a minimum balance of $1,500, or by having a minimum monthly direct deposit of $1,000.

Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.

1. Out-of-network ATM withdrawal fees may apply with Chime except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

2. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. Chime generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

Learn More