If you’ve been denied a checking account because of past banking issues, you’re not alone. Many people run into this problem after overdrafts, unpaid fees, or closed accounts appear on their record.
Even if traditional banks have turned you down, there are still ways to rebuild your financial life. The first step is knowing which banks use ChexSystems and which ones don’t.
What ChexSystems Is and Why It Matters
ChexSystems is a consumer reporting agency that tracks specific banking behaviors. If you’ve had unpaid overdrafts, outstanding fees, or an account closed by a bank, that information may show up on your ChexSystems report. These records can remain for up to five years and may make it harder to open new checking or savings accounts.
Because about 80% of U.S. banks and credit unions use ChexSystems, a negative record can limit your options when applying for a new account.
USAA’s ChexSystems Policy
USAA does use ChexSystems when reviewing new checking account applications. If your ChexSystems report contains negative information—such as unpaid balances or frequent overdrafts—it may affect your ability to open an account.
This policy helps USAA manage risk, but it can make it harder for someone rebuilding after financial setbacks to qualify for membership.
How ChexSystems Can Limit Your Banking Options
A negative ChexSystems record can create barriers to standard banking services, but it doesn’t mean you’re out of options. Many financial institutions either skip ChexSystems or offer special “second chance” accounts designed to help people rebuild their banking history.
These accounts often come with basic features such as direct deposit, debit card access, and online banking, giving you a way to reestablish responsible financial habits.
Best Alternatives to USAA That Don’t Use ChexSystems
If USAA’s ChexSystems policy stands in your way, several banks offer more flexible approval requirements. Here are three excellent 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.
