Have you been denied a checking account due to past banking issues? If so, it can be frustrating, but the good news is that there are alternative banking solutions available that can help you rebuild your financial standing.
ChexSystems is a consumer reporting agency that tracks certain banking behaviors, such as unpaid fees, overdrafts, or closed accounts. A record in ChexSystems can stay active for up to five years, which may affect your ability to open new accounts. Given that around 80% of banks and credit unions in the U.S. use ChexSystems, this can make securing a new account challenging for many individuals.
Huntington Bank’s Policy on ChexSystems
If you’re considering opening a checking account with Huntington Bank, you’ll be glad to know that they do not use ChexSystems when reviewing new account applications. This makes Huntington Bank a great option for individuals with a negative banking history who are looking for a fresh start.
Why Not All Banks Rely on ChexSystems
While many financial institutions rely on ChexSystems to assess potential customers, some banks and credit unions prefer not to use it in their decision-making process. This allows people with a problematic banking history to gain access to basic financial services without being held back by past mistakes.
Other Banks That Don’t Use ChexSystems
Although Huntington Bank is a strong choice, it’s not your only option. Several other banks and credit unions also avoid using ChexSystems for account approval, offering a chance to manage your finances without that barrier. Here are three additional options 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.
