Does U.S. Bank Use ChexSystems?

Updated

Have you been blacklisted by ChexSystems?

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

Have you been turned down for a checking account due to a negative banking history? If so, it’s important to understand your options and explore alternative banking solutions that can accommodate your needs.

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.

U.S. Bank

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

The answer is, yes, they do for some accounts. However, U.S. Bank is known for being more lenient than most banks when it comes to records.

If you don’t have a history of fraud or owe any money to U.S. Bank, you may be able to open a checking account. You can read our full review of U.S. Bank Smartly here.

It’s also worth noting that U.S. Bank isn’t the only option out there. A number of other banks and credit unions also choose not to use ChexSystems. Here are a couple other excellent options to consider:

Best Banks That Don’t Use ChexSystems

U.S. Bank

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  • Up to $700 bonus
  • $25 minimum opening deposit
  • Monthly service fee can be waived
  • No ATM transaction fees at U.S. Bank ATMs and no surcharge fees at MoneyPass® Network ATMs

U.S. Bank is currently welcoming new applicants in 26 U.S. states with a special online offering:

  • Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account, and complete qualifying activities.
  • Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.
  • Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

The account includes a free debit card that can be locked or unlocked if ever misplaced or stolen. There are no ATM transaction fees at U.S. Bank ATMs and no surcharge fees at over 40,000 MoneyPass® Network ATMs.

The checking account requires a $25 opening deposit and a $6.95 monthly fee. This fee can be waived for those 24 and under, 65 and over, or military members (must self-disclose).

Additionally, the fee can be waived with monthly deposits of $1,000+, an average balance of $1,500+, or holding an eligible U.S. Bank credit card. Qualifying for any Smart Rewards® tier (Primary, Plus, Premium, or Pinnacle) also waives the fee.

SoFi

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  • Up to $300 sign-up bonus with direct deposit
  • No minimum opening deposit
  • Earn up to 4.60% 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 $300 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 4.60% on savings and 0.50% on checking balances, all tied to direct deposits. There’s no need for a minimum direct deposit amount to enjoy these rates.

Current

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  • 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

Current is one of the fastest-growing online banking solutions in the U.S., with over one million members. However, Current is a fintech company, not a bank. Most importantly, Current does not use ChexSystems or pull your credit report.

With Current, you can build your credit just by using your debit card for day-to-day transactions. No borrowing required, and no credit check involved.

The Current mobile banking account offers fee-free overdraft protection of up to $100, 40,000 fee-free Allpoint ATMs, and no minimum balance or hidden fees.

With early direct deposit, you can get paid up to two days ahead of schedule. You can also earn up to 15x points, and get cashback with your debit card.

Current banking services are provided by Choice Financial Group and Metropolitan Commercial Bank, Members FDIC.

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