If you’ve been denied a checking account because of a negative ChexSystems record, you may be feeling frustrated by the limited banking options available. ChexSystems collects and shares information about your banking history, including overdrafts, unpaid fees, and closed accounts. These reports can stay on your record for up to five years, making it difficult to open new accounts during that time.
How ChexSystems Impacts Your Banking Options
ChexSystems is widely used by banks and credit unions across the U.S. to evaluate the risk of opening new accounts. When you apply for a checking or savings account, most institutions will check your ChexSystems report. If you have a negative history, the bank may deny your application. With around 80% of financial institutions relying on ChexSystems, finding a bank that doesn’t use the service can be challenging.
However, not all banks use ChexSystems. Some offer second-chance accounts, which are specifically designed for individuals with negative banking histories. These accounts usually have fewer features and higher fees, but they provide a path back into traditional banking.
Does United Community Bank Rely on ChexSystems?
If you’re considering opening a checking account with United Community Bank, it’s important to know that they do use ChexSystems when evaluating applications. This means that if you have a negative ChexSystems report, you may have difficulty getting approved for an account.
However, don’t let this discourage you. While United Community Bank may not be an option for everyone, there are still plenty of banks and credit unions that don’t rely on ChexSystems. Exploring these alternatives can help you find a banking solution that works for you.
Alternatives to United Community Bank
If you’ve had trouble opening an account with United Community Bank or other ChexSystems-reliant institutions, there are several other options to consider. These banks offer competitive features and benefits without the barrier of 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.
