If you’ve been denied a checking account due to a negative banking history, you’re not alone. ChexSystems is a consumer reporting agency that tracks banking behavior, such as unpaid fees, overdrafts, or account closures. This information can remain on your record for up to five years, often making it difficult to open new accounts during this period.
ChexSystems and Its Impact on Your Banking Options
Approximately 80% of U.S. banks and credit unions use ChexSystems when assessing new account applications. A negative report from ChexSystems can lead to account denials, limiting your access to traditional banking services.
While this may feel discouraging, there are still financial institutions that do not rely on ChexSystems. Additionally, many banks and credit unions offer “second chance” accounts, which are designed to help individuals who have had issues with their banking history regain access to essential services.
Texas Trust Credit Union and ChexSystems
Texas Trust Credit Union does not rely on ChexSystems when reviewing checking account applications. Even if you have a negative ChexSystems record, you can still qualify for an account with them.
Texas Trust offers various account options, ranging from basic checking accounts to more feature-rich choices, all without the limitations typically imposed by ChexSystems. This makes Texas Trust an appealing option for individuals looking to rebuild their banking history or start fresh with a new account.
Other Banks That Don’t Use ChexSystems
If Texas Trust Credit Union doesn’t meet all of your needs, there are several other banks and credit unions that also do not use ChexSystems. Here are some alternative options to explore:
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.
