Does Wescom Use ChexSystems?

If you’ve had trouble opening a checking account because of a negative banking history, it’s important to know that you still have options. ChexSystems is a consumer reporting agency that keeps track of banking activities such as unpaid fees, overdrafts, and account closures. These records can stay on file for up to five years, which can make it challenging to open new accounts during that period.

How ChexSystems Can Impact Your Banking Choices

Approximately 80% of banks and credit unions in the U.S. rely on ChexSystems to evaluate new account applications. A negative report can lead to denied applications, limiting your access to traditional banking services. However, some financial institutions do not use ChexSystems, and others offer second chance accounts to help individuals rebuild their banking history.

Wescom Credit Union’s ChexSystems Policy

Wescom Credit Union does use ChexSystems when reviewing applications for checking accounts. This means that if you have a negative ChexSystems report, your application may be declined.

While Wescom Credit Union may not be a good fit, there are other banks and credit unions that don’t rely on ChexSystems. If you’re looking for alternatives, here are some to consider:

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.