If you’ve had a tough time opening a checking account because of past banking issues, you’re not the only one. Many people run into challenges after negative entries appear on their ChexSystems record.
ChexSystems tracks banking activity like overdrafts, unpaid fees, and account closures. These records can stay on file for up to five years, which often makes it difficult to open new accounts with traditional banks.
How ChexSystems Affects Account Approvals
About 80% of banks and credit unions across the United States use ChexSystems when evaluating new customers. If your record contains negative marks, your application may be denied.
Still, there are financial institutions that take a more flexible approach. Some skip ChexSystems altogether, while others offer second chance checking accounts that allow you to rebuild your banking record over time.
TBK Bank’s Policy on ChexSystems
TBK Bank does not use ChexSystems when reviewing checking account applications. This means you can open an account even if your record includes past banking challenges.
With multiple checking account options, TBK Bank gives customers a chance to manage their money confidently without the barriers that come with ChexSystems restrictions.
Banks and Credit Unions That Also Skip ChexSystems
If TBK Bank’s features don’t match what you’re looking for, several other financial institutions also offer accounts without ChexSystems screening. Here are a few options to consider:
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.
