If you’ve been denied a checking account because of a negative banking history, it can be discouraging. ChexSystems is a consumer reporting agency that tracks banking behavior, such as unpaid fees, overdrafts, and closed accounts. These reports can stay on file for up to five years, making it difficult to open new accounts during that time.
How ChexSystems Impacts Your Banking Options
ChexSystems is used by approximately 80% of banks and credit unions across the U.S. to screen potential customers. If you have a negative ChexSystems report, it may lead to your account application being denied. However, not all financial institutions rely on ChexSystems, and some offer second-chance accounts for individuals who need another opportunity to access traditional banking services.
FNBO’s ChexSystems Policy
Unfortunately, First National Bank of Omaha (FNBO) does use ChexSystems when reviewing applications for checking accounts. This means that if you have a negative ChexSystems record, you may encounter challenges when applying for an account with FNBO.
Alternatives to FNBO That Don’t Use ChexSystems
If FNBO isn’t the right option for you, don’t worry—there are other banks and credit unions that don’t rely on ChexSystems. Consider these great alternatives:
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.
