If you’ve faced challenges opening a checking account due to a negative banking history, you’re not alone. However, there are financial institutions out there that offer flexible options for individuals with past banking difficulties.
ChexSystems is a consumer reporting agency that tracks banking behaviors such as unpaid fees, overdrafts, and closed accounts. These records can linger for up to five years, making it harder to open new accounts at many traditional banks. Since about 80% of U.S. banks and credit unions use ChexSystems, it can be a significant hurdle.
TCF Bank’s ChexSystems Policy
Good news for those with a negative banking history—TCF Bank does not use ChexSystems when reviewing checking account applications. This makes them a strong option for anyone looking to open an account without having to worry about their past banking record.
Why Consider TCF Bank?
TCF Bank’s decision not to use ChexSystems offers an excellent opportunity for people looking to regain access to financial services. Their policies allow individuals with a troubled banking history to open a checking account without the usual barriers.
Other Banks That Don’t Use ChexSystems
While TCF Bank is a great choice, it’s not your only option. If you’re looking for more alternatives, here are a few other institutions that also don’t rely on 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.
