Are you a victim of what is called the ChexSystems Record? I believe if you are here, then there is a high chance you are looking to have a bank account once again, but without having to fight for the release from the ChexSystems.
It is very stressful or disturbing when you have to receive money from someone but you can't because you have some previous bad record and your account was removed completely (lost access).
Well, with these banks that I have provided to you below, you will see that you can still enjoy banking benefits even with a poor ChexSystems Record.
Which Banks Turn a Blind Eye on ChexSystems?
ChexSystems come as a security mesure to protect users from fraudulent accounts. That is, if for example I am using a fraudulent account, my account will be blocked or added to the ChexSystems so that I won't be able to scam other users.
However, this is a method or procedure completely done my machines and are automated. So, these machines can makes mistakes and flag even normal accounts as fraudulent account.
In such cases, you may have to report for a review of your ChexSystems record. And if they check and find no fault in it, it will be released. But this is not the case for everyone, since some people will still remain without an account even after review.
In this case, you will start thinking of going in for a bank that does not look at ChexSystems before providing an account. Well, yes, they do exist these banks that do not check your ChexSystems Record before providing an account.
1. Chime
Chime is a very popular bank right now which functions both online and in physical buildings. They are a bank that also accept almost all bank accounts and do not bother checking your credit score whether good or bad.
A fast growing industry with very amazing features including, limited or no fee in withdrawals and p2p transfers. No initial deposit required when creating your account, and several other amazing features.
Well, if you are looking for an amazing platform where you can start banking without the need to verify your credit score or chexSystems record, then you should turn your eyes toward chime right now.
2. Walmart MoneyCard
This is a debit card actually, but works just exactly how all debit cards work, and money can be withdrawn, and deposits can also be made. Which makes it a good option to look at if you are found on the ChexSystems Record today.
Another advantage that comes with the Walmart MoneyCard is that, you also earn a 75% cash back on all your purchases at Walmart every year.
This will also make your shopping life easier and cheaper with great savings made both on your finances and on your shopping.
If you are looking to get a Walmart MoneyCard, it is available in all 50 states, Washington D.C., and in Puerto Rico.
3. SoFi Checking and Savings
SoFi comes in play as another great option for you looking for banking options who do not check or verify ChexSystems records. They provide both checking and savings account compared to the Walmart MoneyCard which has only the checking account with the debit card linked to it.
With SoFi, you can even earn up to $325 when you join. That is, when you join and make an initial deposit of $10 or more, you are given a $25 free.
Also, when you set up a direct deposit from an employer, SoFi will credit your account up to an additional $300. However, this amount will come depending on the amount of the transfer.
Once you create your account whether online or at their branch, they provide you with a debit card for your physical and online transactions.
4. Capital One
Capital One is an old member in the finance industry being brought to light back in 1994 in the United States. Before, you they were not in this list of banks that overlook ChexSystems Records until about 10 years ago.
And from then till now, they can provide you an account whether you have good or bad credit. All is depending on you and on whether you will be taking that step to go there and getting your account asap.
They function both online and physically having several branches accross the United States, which can make you go there in person or just to function virtually. But if they are nearby, we advice you go there yourself.
And after creating your account, it is up to you to make an initial deposit or not. And they do not charge fees on several transactions within the app and also do not have monthly fees.
5. Varo Bank
The Varo is another option to checkout and they won't check your previous record, whether good or bad record. They also do not charge monthly fees like the previous banks making it suitable for saving money.
You can deposit cash into your provided debit when and how you want. But it functions perfectly well, and you can also get advanatage because Varo debit cards work with multiple ATMs around the US.
6. Go2bank
GoBank, a major provider of pre-paid cards, offers GO2bank, which is a smart move because it comes to help users like you who are searching for banks who overlook ChexSystems.
One of the big advantages that come with using GO2bank is that, they offer cashback benefits on a number of purchase categories and will deposit your direct deposit check up to two days early.
Additionally, this account qualifies you for the GO2bank credit card, which does not require a credit check or have an annual charge.
Your $5 monthly maintenance fee is waived or deleted if you make a direct deposit of more than $500. Additionally, they have a really good overdraft protection feature, but if you don't restore the money within 24 hours, there is a $15 gotcha fee.
7. PNC Bank
Also known for its amazing Second Chance checking account provision, you can enjoy your benefit from here too. PNC Second chance checking can also be considered as a bank that overlooks ChexSystems Records.
It is quite true that when we say second chance, they will still check your ChexSystems Record, but if you are sincere with them and promise using your account properly, they will still provide you with an account where you can get a second chance account.
8. U.S. Bank
U.S. Bank just like PNC, will review your ChexSystems report when you apply for a Bank Smartly account and is also willing to look past some blemishes on your banking record.
Bank Smartly lets you apply online and demands a $25 initial deposit. Overdraft protection and other methods to avoid the $6.95 monthly maintenance fee are included with the account. The bank's mobile app allows you to reach customer service, create notifications, and make bill payments.
9. Wells Fargo
Young account holders or those with a bad banking history are the target audience for Wells Fargo Bank's Clear Access Banking.
You can use a contactless debit card, the Wells Fargo Bank mobile app, and online banking with this account, but you won't receive checks.
Although there is no minimum balance requirement for the account, you must pay a $25 starting deposit and a $5 monthly maintenance fee, which may be waived in certain circumstances.
Other Banks To Check Out
- mph.bank
- Navy Federal Credit Union
- NorthOne
- GTE Financial
- United Bank
- Ally Bank Spending Account
- Discover Bank Cashback Debit Checking Account
What is a ChexSystems Record?
When we refer to ChexSystems, we refer to a file or document that indicates whether an individual has made excellent or terrible decisions with their financial or banking accounts.
In other words, your account will be suspended and reported to the ChexSystems Record if you have a bank account and discover that you are using it for fraudulent activities or questionable transactions.
In order to prevent their account from being fully canceled, many people who are aware of what a ChexSystems record is typically make every effort to maintain a clean record.
You should also be aware that, due to fraudulent activity on your previous account, you will be prohibited from opening a new one once your account or information has been placed in a ChexSystems.
It is true that occasionally the machines that operate this system make mistakes and may mistakenly enter your account in the ChexSystems database. In that case, you can apply to have your prior records examined by a real person to see whether they should be deleted from the list.
Some of the details that may appear in a ChexSystems report include:
- Bank account closures
- Bounced checks and overdrafts
- Unpaid negative balances
- Account abuses
- Number of accounts you've applied for recently
- Check orders
- Incidents of suspected fraud or identity theft
What to Do if Listed in a ChexSystems Record?
If listed in a ChexSystems Record, there are three main steps to follow. They are;
1. First of all apply for a review of your ChexSystems Record review. And if it seen to be good, it might be rectified.
2. If it is not rectified, you can go for a second chance checking account (with PNC bank).
3. However, if with the second chance bank you still are not lucky, then you can get this list from here and checkout banks that do not use ChexSystems and overlook banking history
Final Remarks on Banks That Don't Use ChexSystems
If urgently need a bank account for your transactions, but you are hooked up because of your previous banking records, then you should not be afraid again. There are actually banks that do not verify previous records (ChexSystem records) before providing accounts.
In this guide we provided some of them, that you check them up and choose which one favors you more. You can also checkout ways to clear up your chexsystems record.
However, we advise you not to dive into fraudulent activities and try paying all your bank debts so as to avoid being in this situation.