Have you been denied a checking account due to a negative banking history? If so, you’re not alone. Fortunately, there are alternative banking solutions that can help you regain access to financial services, even if traditional banks have turned you down.
ChexSystems is a consumer reporting agency that tracks banking behaviors, such as unpaid fees, overdrafts, and closed accounts. This information can remain on your report for up to five years, making it difficult to open new accounts. Since about 80% of U.S. banks and credit unions use ChexSystems, it can be a major barrier for individuals with past financial difficulties.
First Convenience Bank’s ChexSystems Policy
If you’re considering opening a checking account with First Convenience Bank, you’ll be pleased to know that they do not use ChexSystems when reviewing account applications. This makes them a great option for individuals who have been turned down by other banks due to past banking issues.
Benefits of Banking With First Convenience Bank
First Convenience Bank’s decision not to rely on ChexSystems opens the door for people with previous banking problems to access essential financial services. Their flexible approach allows individuals to manage their finances without the setbacks that come with a ChexSystems review.
Alternatives to First Convenience Bank That Don’t Use ChexSystems
While First Convenience Bank 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.
