Have you been denied a checking account because of past banking problems? You’re not alone—many people face the same frustration. The good news is that some financial institutions are more flexible and willing to give you a second chance.
ChexSystems is a consumer reporting agency that monitors your banking behavior, including overdrafts, unpaid balances, and account closures. A negative record can stay on your file for up to five years, and since most banks use ChexSystems, it can make opening new accounts challenging. But not every bank relies on it, which means you still have solid options.
How ChexSystems Impacts Your Banking Options
A ChexSystems record can limit your access to traditional banking services. Many banks view it as a warning sign and may deny your application.
Fortunately, some financial institutions choose not to use ChexSystems. Others offer second chance accounts, giving you an opportunity to rebuild your financial standing and move forward with better money habits.
Southwest Financial FCU’s ChexSystems Policy
If you’re interested in opening an account with Southwest Financial Federal Credit Union, you’ll be happy to learn that they do not use ChexSystems to screen applicants. That makes them a great option if you’ve had banking setbacks and want a clean slate.
Southwest Financial FCU offers practical accounts with low fees, digital tools, and reliable customer service—making it easier to manage your money without the barriers that ChexSystems can create.
Other Banks That Don’t Use ChexSystems
Southwest Financial FCU isn’t your only choice. Several other banks and credit unions also skip ChexSystems checks. These options provide the same key features, like debit cards, direct deposit, and mobile banking, without the stress of a denied application.
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.
