Have you been denied a checking account due to a negative banking history? If so, there are still alternative banking solutions that can help you regain access to essential financial services, even if you’ve been turned down elsewhere.
ChexSystems is a consumer reporting agency that tracks banking behaviors such as unpaid fees, overdrafts, and closed accounts. These records can remain active for up to five years, making it harder to open new accounts. Since about 80% of U.S. banks and credit unions rely on ChexSystems, it can be a significant obstacle for those with past banking issues.
PNC Bank’s ChexSystems Policy
If you’re considering opening a checking account with PNC Bank, be aware that they do use ChexSystems to review new account applications. This means that if your ChexSystems report contains negative entries, such as unpaid fees or overdrafts, it could affect your ability to open a regular checking account with them.
PNC’s Second Chance Account: Foundation Checking
The good news is that PNC Bank offers a second chance checking account called Foundation Checking. This account is designed for individuals who have had trouble opening standard checking accounts due to past banking issues. It provides basic banking services while giving you an opportunity to rebuild your financial history.
Alternatives to PNC Bank That Don’t Use ChexSystems
If you’re looking for more options, several other banks and credit unions don’t use ChexSystems, making it easier to open an account regardless of your financial past. Here are three great alternatives to consider:
U.S. Bank
- Up to $450 sign-up bonus
- $25 minimum opening deposit
- Monthly service fee can be waived
- Over 40,000 fee-free ATMs
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
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.
