If you have a negative entry on your ChexSystems report it can be hard to get a standard checking account with a traditional bank in Utah. ChexSystems is the preferred method to screen new applications for a vast majority of banks.
Unfortunately, once you have a record, it stays with you regardless of your financial situation. To get around this you need to find a bank that either does not use ChexSystems or instead offers a second chance checking account.
Alternatives to ChexSystems include Telecheck and Early Warning Systems (EWS). Some banking institutions even go further by only requiring a credit report check or two forms of ID.
Second chance checking accounts are offered by banks that use ChexSystems but are designed to help people repair their checking history. They usually have a low monthly fee as well as a low minimum opening deposit.
Most banks allow members to transition to a standard checking account after they maintain a positive balance for six months to a year. Once in a standard checking account, the monthly fee is usually dropped. Depending on the bank, second chance checking accounts usually come with every modern day banking tool, including mobile access and remote deposit.
There’s no reason you shouldn’t have a banking account in Utah. Read below to find a bank near you so you can start banking again today.
BBVA Compass ClearConnect Checking
BBVA Compass is an online banking company that does not use ChexSystems to screen new applications. There are never any fees and you can access all of your banking needs through the secure mobile app, your PC or even your tablet.
When you need cash or want to make a cash deposit, you can go to either a BBVA or AllPoint ATM without worrying about any transaction fees. With these two networks combined, you have access to well over 55,000 ATMs around the globe.
To open an account with BBVA you need only make a $25 opening deposit, but from then on there is no minimum account balance, nor is there a monthly fee.
American United Federal Credit Union
American United Federal Credit Union has a second chance checking account called Fresh Start Checking. This account is intended for anyone who wants to improve their banking credit history with ChexSystems.
It comes with free online and mobile banking (including mobile remote deposit), free bill pay, free eStatements, and an end of the year reward dividend. Members also get free access to over 30,000 surcharge-free ATMs. There is a $20 fee to open this account, as well as a $7.00 monthly fee. However, the monthly fee can be reduced to $4.00 if the account balance is $750.00 or more.
American United FCU has branch locations in West Jordan, Draper, Salt Lake City, Sandy, Kearns, Grantsville, Cabazon, and San Jacinto. American United is also a part of the Co-Op Shared Branch Network. This means you get free access to your account at over 5,000 branches and 2,000 self-service locations across the United States.
Bank of the West
Bank of the West does use ChexSystems to screen new applications, but for people with negative entries on their ChexSystems report Bank of the West offers a second chance checking account.
It’s called Fresh Start and to be eligible for this account your entry must be older than one year and cannot be fraud related. The monthly fee is $10, but this fee can be waived if a few different ways. They are:
- Have an account balance greater than $1,000
- Have $250 or more directly deposited each month
- Use your debit card at least 10 times or more each month
Bank of the West has locations in Sandy, Salt Lake City, Riverton, and Layton.
Chime Bank is an online bank that doesn’t use ChexSystems to screen new applications. There are never any fees for members, and every banking need members have can be addressed through the mobile app or directly on through a PC or tablet. When you open an account you get a free Visa debit card and access to over 38,000 surcharge-free ATMs across the nation.
Chime Bank has a unique feature for members signed up with direct deposit. With Chime, you can get paid up to two days earlier than your coworkers if you’re signed up with direct deposit. Chime also has savings features to help you reach savings goals. Once set up, these features can operate automatically without requiring user input.
Cyprus Credit Union
Cyprus Credit Union does use ChexSystems to screen new applications, but it also offers a second chance checking account to help people repair their credit history.
Called Fresh Start Checking, it requires a $25 opening deposit and has a monthly fee of $5. It comes with free online bill pay, online banking, a free Visa debit card, and unlimited check writing. After a year of keeping your account in a positive balance, Cyprus will allow you to transfer to a standard checking account.
Cyprus has locations in Salt Lake City and West Valley. To become a member you must live in Salt Lake City, be related to someone who is already a member, or work with a participating company. Membership is also available to any Utah resident who makes a one time $5 donation to the Community Recreation Association.
Desert Rivers Credit Union
Formerly Grand County Credit Union, Desert Rivers Credit Union doesn’t use ChexSystems or a credit report when screening new applications. Membership is available to anyone in Grand County, San Juan County, and Green River City. Desert Rivers has locations in Moab, Blanding, Green River, and Monticello.
A checking account with Desert Rivers requires a $25 opening deposit, as well as a $25 minimum balance, but there is not a monthly service fee. Account holders can access their account both online and through the mobile app. Online bill pay, eStatements, as well as automatic deposits are also available. Debit cards are available upon request.
Mountain West Bank
If you want to avoid having Mountain West Bank run a ChexSystems scan on you, you’ll need to apply in person instead of online. Mountain West Bank has locations in Brigham City and Park City. To open an account requires a $50 opening deposit.
Mountain West Bank offers four types of checking accounts: Totally Free Checking, Easy Interest, 50+ Interest Checking, and Premier Interest Checking. Each account comes with a host of free features, some of which include:
- Free online banking
- Free bill pay
- Free mobile banking
- Free remote deposit
- Free Visa Debit Card
- Free eStatements
The Totally Free Checking account doesn’t have a minimum account balance requirement nor is there a monthly service fee.
UNIFY Financial Credit Union
Unify Financial Credit Union doesn’t use ChexSystems to screen new applications. Unify offers four types of checking accounts for its members: Free Checking, Right Start Checking, eChecking, and Premier Checking.
Free Checking only requires a $25 opening deposit, but doesn’t have any account balance requirements or monthly fees. Each account holder gets a free Visa Debit Card, free check writing, and free access to online and mobile banking.
Unify has branch has a Co-Op Shared branch location in Richfield through the Mountain America Credit Union branch. Co-Op Shared branches exist across the nation, so account holders are able to access their account for free at any branch that is in the network. To join Unify Financial Credit Union, you must work for a participating employer or live in a select area.
US Bank has a history of being more lenient with ChexSystems records than most banks, especially for applicants that apply in their store based locations.
As long as you don’t have a history of fraud, or you don’t owe any money to US Bank, you may very well be able to open an account with them. Some people have had success with opening accounts at a local branch, but this depends on the branch and the ChexSystems history. If you do open an account, you’ll need a $25 opening deposit.
US Bank has a few different checking options. These include Platinum Checking Package, Easy Checking, Student Checking, and Safe Debit Account. Easy Checking comes with free access to over 4,700 banks, a free Visa debit card, as well as free online and mobile banking, which includes free bill pay and remote deposit.
Wells Fargo offers a second chance checking account for anyone looking to repair their ChexSystems credit history. Called Opportunity Checking, it requires a $25 opening deposit and has a $10 monthly fee.
This fee can be waived a few different ways, however. If you have 10 debit card transactions a month, have $500 or more directly deposited, or maintain a daily balance of $1,500 or more the fee will be removed for that monthly cycle.
Aside from the monthly fee, this account comes with every modern day banking feature. These include:
- Free bill pay
- Free check writing
- Free Debit Card
- Free online and mobile access
- Free remote deposit.
Wells Fargo has numerous locations throughout Utah.