If you’ve had trouble opening a checking account due to a negative banking history, you’re not alone. Many banks and credit unions rely on ChexSystems, which tracks your banking behavior, such as unpaid fees, overdrafts, and closed accounts. These records can stay on file for up to five years, making it difficult to open new accounts during that time.
How ChexSystems Affects Your Banking Options
ChexSystems is used by about 80% of U.S. banks and credit unions to assess potential customers. If you have a negative ChexSystems report, this can lead to application denials for checking and savings accounts. However, you still have options. Some banks don’t use ChexSystems, and others may offer second-chance accounts designed for people with a less-than-perfect banking history.
Is First American Bank a ChexSystems-Free Bank?
If you’re considering banking with First American Bank, you’ll be happy to know that they do not use ChexSystems to review applications for checking accounts. This means that even if you have a negative ChexSystems record, you may still qualify for an account at First American Bank.
First American Bank offers a range of account options, including checking and savings accounts, without ChexSystems barriers. Whether you’re looking for a simple checking account with no monthly fees or a more feature-rich account, First American Bank has solutions that fit your needs.
Other Banks That Don’t Use ChexSystems
While First American Bank is a great option, it’s not the only one available. Here are some additional banks that don’t use ChexSystems:
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.
