Have you been denied a checking account due to a negative banking history? If so, it’s important to understand your options and explore alternative banking solutions available to you.
An account in ChexSystems can remain active for up to five years. And unfortunately, about 80% of all banks and credit unions in the U.S. use ChexSystems.
However, there are some banks that don’t use ChexSystems. Additionally, some banks offer “second chance” accounts for people who have been denied elsewhere.
Truist
If you’re considering opening a Truist checking account, you probably want to know, “does Truist use ChexSystems?”
Unfortunately, the answer is, yes, they do.
However, you still have options. Several banks and credit unions do not base their decisions on ChexSystems. Take a look at these three excellent alternatives:
Best Banks That Don’t Use ChexSystems
U.S. Bank
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- Up to $700 bonus
- $25 minimum opening deposit
- Monthly service fee can be waived
- No ATM transaction fees at U.S. Bank ATMs and no surcharge fees at MoneyPass® Network ATMs
U.S. Bank is currently welcoming new applicants in 26 U.S. states with a special online offering:
- Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account, and complete qualifying activities.
- Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.
- Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
The account includes a free debit card that can be locked or unlocked if ever misplaced or stolen. There are no ATM transaction fees at U.S. Bank ATMs and no surcharge fees at over 40,000 MoneyPass® Network ATMs.
The checking account requires a $25 opening deposit and a $6.95 monthly fee. This fee can be waived for those 24 and under, 65 and over, or military members (must self-disclose).
Additionally, the fee can be waived with monthly deposits of $1,000+, an average balance of $1,500+, or holding an eligible U.S. Bank credit card. Qualifying for any Smart Rewards® tier (Primary, Plus, Premium, or Pinnacle) also waives the fee.
SoFi
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- Up to $300 sign-up bonus with direct deposit
- No minimum opening deposit
- Earn up to 4.60% APY
- Over 55,000 fee-free ATMs
- Early pay with direct deposit
The SoFi Checking and Savings account ensures a hassle-free experience with no overdraft fees, minimum balance fees, or monthly fees.
For a limited period, SoFi is offering a rewarding bonus of up to $300 to customers who make qualifying direct deposits. Plus, enjoy access to over 55,000 Allpoint® Network ATMs courtesy of SoFi.
You can also enjoy the convenience of receiving your paycheck up to 2 days in advance with SoFi’s early direct deposit feature.
One of the defining features of SoFi is its impressive annual percentage yield (APY) – a hefty 4.60% on savings and 0.50% on checking balances, all tied to direct deposits. There’s no need for a minimum direct deposit amount to enjoy these rates.
Chime
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- No credit check or ChexSystems
- No minimum opening deposit or monthly service fee
- Over 60,000+ fee-free1 ATMs
- Get paid up to 2 days early with direct deposit2
- Available in all 50 states
With Chime®, a bad credit score is no longer a deal-breaker. They offer an award-winning mobile bank account and debit card with no credit check.
There are no overdraft fees, no monthly maintenance charges, no foreign transaction fees, and no minimum balance fees—ever.
They offer over 60,000 surcharge fee-free1 ATMs. Plus, you can get your paycheck up to 2 days earlier with direct deposit2. Chime is one of the best second chance banking options available.
Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.
1. Out-of-network ATM withdrawal fees may apply with Chime except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
2. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. Chime generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
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.
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