Have you been denied a checking account due to a poor banking history? If so, don’t worry—there are alternative banking solutions available, even if traditional banks have turned you down.
ChexSystems is a consumer reporting agency that tracks certain banking behaviors, such as overdrafts, unpaid fees, and account closures. A record in ChexSystems can stay active for up to five years, which can make it difficult to open new accounts. Since about 80% of U.S. banks and credit unions rely on ChexSystems, it can be a significant barrier for many people with a troubled banking past.
Addition Financial Credit Union’s ChexSystems Policy
If you’re thinking about opening a checking account with Addition Financial Credit Union, the good news is that they do not use ChexSystems. This makes them a great choice for individuals with a negative banking history who are looking for a fresh start.
The Flexibility of Banking With Addition Financial
By not relying on ChexSystems, Addition Financial Credit Union provides access to financial services without being limited by past mistakes. This inclusive approach allows people to open a checking account without the hurdles that come with ChexSystems reviews, making it easier to manage your finances and rebuild your banking reputation.
Alternatives to Addition Financial Credit Union That Don’t Use ChexSystems
While AFCU is a strong option, there are several other banks and credit unions that also don’t use ChexSystems. Here are three excellent alternatives to consider:
U.S. Bank
- Up to $400 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.
