If you’ve been denied a checking account because of past banking issues, you’re not alone. Many banks check your record with ChexSystems before deciding whether to approve your application.
ChexSystems keeps track of things like overdrafts, unpaid fees, and closed accounts. These records can remain on your file for up to five years, which can make it harder to open new accounts during that period.
How ChexSystems Affects Your Banking Access
Most banks and credit unions in the U.S. use ChexSystems to screen new customers. If your file includes unpaid fees or other negative marks, your application could be denied.
Fortunately, some financial institutions don’t rely on ChexSystems. Others offer second chance checking accounts, which allow you to reestablish good banking habits and regain access to standard accounts later on.
Columbia Bank’s Policy on ChexSystems
Columbia Bank uses ChexSystems to review new checking account applications. If your record shows unpaid fees, overdrafts, or account closures, your application may not be approved.
If that’s the case, don’t be discouraged—many other banks and credit unions welcome customers without running ChexSystems checks, giving you an opportunity to get back on track.
Alternatives to Columbia Bank That Don’t Use ChexSystems
If Columbia Bank’s ChexSystems policy is a barrier for you, these trusted options make it easy to open a checking account without a ChexSystems review:
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.
