Does Texas Capital Bank Use ChexSystems?

A previous account closure can affect your next application, especially when you still owe money to a bank or credit union. Texas Capital Bank reviews past deposit account activity before it approves a new checking account.

Its two main checking accounts have no monthly service charge or minimum balance requirement. Those favorable terms can reduce everyday banking costs, but they don’t change how the bank screens applicants.

Texas Capital Bank Uses ChexSystems

Texas Capital Bank uses ChexSystems when it reviews checking account applications. Negative information in your ChexSystems consumer report may lead to a denial.

The bank may see unpaid negative balances, accounts closed by another financial institution, returned payments, and suspected fraud. It may also use separate services to confirm your identity and application details.

Texas Capital Bank doesn’t publish exact approval standards. A small issue from several years ago may receive different treatment from recent fraud or an unpaid balance that remains unresolved.

ChexSystems provides the banking history, but Texas Capital Bank makes the approval decision.

Texas Capital Bank Has No Second Chance Account

Texas Capital Bank doesn’t offer an account that it identifies as second chance checking. Its Star Checking and Star Plus Checking accounts remain subject to the bank’s regular screening process.

This distinction matters because an account can have no monthly fee without having easier approval requirements. Neither checking account promises approval for applicants with negative ChexSystems information.

You may still qualify with an older or less serious entry. Recent suspected fraud, repeated account closures, or money owed to another financial institution may present a larger problem.

Star Checking Has No Monthly Service Charge

Star Checking is Texas Capital Bank’s basic personal checking account. It doesn’t charge a monthly service fee and has no minimum balance requirement.

The account also includes free personal checks and access to more than 55,000 surcharge-free Allpoint ATMs. Texas Capital Bank provides online account opening, a debit card, and Zelle.

Its main features include:

• No monthly service charge: You don’t need direct deposit or a minimum balance to avoid a recurring account fee.
• No minimum balance: The account can remain open without a set ongoing balance.
• Personal checks: Texas Capital Bank includes free personal checks.
• Debit card access: Use the card for purchases and ATM withdrawals.
• Digital banking: Review transactions, transfer money, and manage the account online.
• ATM access: Use more than 55,000 Allpoint ATMs without a surcharge from Texas Capital Bank.

Star Checking doesn’t earn interest. It may suit someone who wants a standard checking account without monthly balance or activity requirements.

Star Plus Checking Pays Interest

Star Plus Checking includes the same core banking services but pays interest on the account balance. It also has no monthly service charge or minimum balance requirement.

Texas Capital Bank provides up to $20 per month in rebates for fees charged by out-of-network ATM owners. Star Checking doesn’t include those rebates.

Star Plus Checking may be the better choice when you:

• Keep money in checking: The account pays interest on eligible balances.
• Use other ATMs: You can receive up to $20 in monthly out-of-network ATM fee rebates.
• Want no monthly fee: The account has no monthly service charge.
• Prefer simple requirements: There is no stated minimum balance requirement.

The bank can change interest rates, so check the current account disclosures before opening the account.

No-Fee Checking Doesn’t Mean Easy Approval

Texas Capital Bank’s checking accounts have simple fee structures, but neither account is presented as an option for people who have been denied elsewhere.

ChexSystems entries that may cause trouble include:

• Unpaid bank debt: An unresolved negative balance can reduce your approval chances.
• Suspected fraud: Fraud-related records may result in a denial even when no balance remains.
• Forced closures: An account closed by a bank or credit union can raise concerns.
• Repeated account problems: Several negative records may show a pattern.
• Incorrect identity information: Differences in your name, address, or Social Security number can delay the review.

Paying a valid balance won’t usually remove the entry right away. The reporting financial institution should update it to show that you no longer owe the debt.

Review ChexSystems Before Applying

Check your ChexSystems consumer report before you apply to Texas Capital Bank. This gives you a chance to find errors and address unpaid balances before the bank reviews your information.

Look closely at account names, balances, closure dates, and payment statuses. An unfamiliar account could indicate identity theft, while an incorrect date could make an older problem appear more recent.

You have the right to dispute information that is inaccurate or incomplete. Include copies of bank statements, payment receipts, or identity theft documents that support your claim.

Accurate negative information can generally remain for five years. A paid entry may still appear, but its updated status shows that you resolved the balance.

Consider Other Accounts After a Denial

If Texas Capital Bank denies your application, read the notice it provides. The notice should identify the consumer reporting company that supplied information used in the decision.

Request the named consumer report and check the entry that may have caused the denial. Contact the reporting bank when you find an incorrect balance, closure reason, or payment status.

When the information is accurate, ask the former financial institution how to repay the balance and when it will update the record. You can then ask Texas Capital Bank whether it will reconsider your application.

A bank that doesn’t use ChexSystems or a true second chance checking account may be a better fit when serious negative information remains.

Banks That Don’t Use ChexSystems

If Texas Capital Bank isn’t a fit, here are a few banking options that welcome customers with previous banking challenges.

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 450 banks that offer second chance checking accounts.