Have you been turned down for a checking account due to a negative banking history? If so, don’t worry—there are banking solutions available that can help you rebuild your financial standing and move forward.
ChexSystems is a consumer reporting agency that tracks certain banking behaviors, such as unpaid fees, overdrafts, and closed accounts. These records can stay active for up to five years, potentially impacting your ability to open new accounts. Since about 80% of U.S. banks and credit unions rely on ChexSystems, it can be a significant obstacle for those with past banking challenges.
TD Bank’s ChexSystems Policy
If you’re thinking about opening a checking account with TD Bank, you’ll be pleased to know that they do not use ChexSystems in their account approval process. This makes TD Bank a suitable option for those with a negative banking history who are looking for an accessible way to manage their finances.
Why TD Bank Is a Great Option
By not using ChexSystems, TD Bank opens up the opportunity for more individuals to open accounts, regardless of past financial issues. This can help those who have been denied elsewhere to regain access to essential banking services without the limitations imposed by ChexSystems.
Alternatives to TD Bank That Don’t Use ChexSystems
While TD Bank is a solid choice, there are several other banks and credit unions that don’t rely on ChexSystems, giving you even more options. Here are a few great 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.
