Iowa Banks & Credit Unions That Don't Use ChexSystems

So, are you looking to open a bank account but keep getting disapproved? It’s probably because the bank you are going for uses ChexSystems to run your bank database. This is a very common problem among people from Iowa. ChexSystems is a customer reporting agency that shares similarities with other credit bureaus. However, instead of tracking your credit history, ChexSystems runs a comprehensive report on your previous banking activity.

When people from Iowa apply to open a savings account, the banks send their applications to this agency. They then make a report which scores you according to your previous banking activity. About 80% of credit unions and banks use ChexSystems in the United States. Therefore, finding a bank that does not use the ChexSystems report can be tricky.

Fortunately, you can find several consumer-friendly, reliable, and efficient banks and credit unions that do not rely on ChexSystems when running a report on bank applications. For your ease, we have compiled a list of some of the best non-ChexSystems banks in Iowa.

Editor's Choice

CIT Bank

The CIT Bank Savings Connect account is the best among banks that don’t use ChexSystems. Unlike many other non-ChexSystems accounts, the CIT Bank Savings Connect is also a high-yield savings account that can help grow your savings much faster than most other banks can.

Features and Benefits:

  • Interest-bearing
  • Minimum balance requirement: $0
  • Monthly maintenance fee: $0
  • Monthly ATM charge reimbursements of up to $30

Why is it recommended for you?

Although CIT Bank has a relatively high minimum deposit ($100) to get started, it offers one of the best interest rates among online banks, and has no opening, monthly servicing, online transfer or incoming wire fees.

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The Best Alternative

The Complete ChexSystems Removal Kit

Our comprehensive ChexSystems Removal Guide includes the exact documents and instructions guaranteed to help you get off ChexSystems and start banking again.

Learn More

Cadence Bank

With 11.8 billion dollars in assets, Cadence Bank is a renowned financial facility in for the people in Iowa. Instead of ChexSystems, the bank uses credit scores. For applicants that want to open an account in Cadence Bank, a credit score of 675 is a must. Moreover, if you want to open a checking account, you will have to pay store $100 in opening deposit.

Reasons to Choose Cadence Bank

There are many reasons to opt for Cadence Bank in Iowa. Apart from the fact that they do not use ChexSystems, you also get great financial products and services. Their trust and asset management can help you enhance your financial wellbeing. They deploy a trust and management team that caters to individuals and families. The bank’s customer service is top-notch, and they engage with clients by providing thorough analysis for their financial solutions.

At cadence bank, financial services such as trusts, lending options and credit help provide innovative solutions to the people. Cadence bank also provides online and mobile banking options. This means that you can carry out online remote banking easily. Some of their services include:

  • Personal Trust and Estate Administration
  • Retirement Planning
  • Investment management
  • Business succession planning
  • Commercial trusts


  • Interests and loans
  • Mobile banking
  • Good customer service


  • Require you to have a credit score
  • Deposit of $100 when opening an account

Learn more about Cadence Bank

Cedar Falls Community Credit Union

If you want to open an account in a financial institution that does not have a strict screening system, Cedar Falls Community Credit Union is a great option. Choosing this credit union is a great option since it uses a credit check instead of a ChexSystems. It offers checking and savings account, along with loans and credit. This non-profit organization provides a true community experience, and top customer service.

Reasons to pick Cedar Falls Community Credit Union

You can open a bank account in Cedar Falls without paying any monthly fee, or even fulfilling any balance requirements, which makes it an incredible option for the people. However, it is limited to people that reside in certain communities. The credit union provides an advantage checking option through which you can get 3.05% APY. Along with many financial services that it offers, they also provide the facility of virtual banking.


  • Do not use ChexSystems
  • Offers many financial services


  • Limited to people who reside in certain communities.

Learn more about Cedar Falls Community Credit Union

Final Words

As you can see, the options for opening bank accounts in financial institutions that do not rely on ChexSystems reports are along the lines of online Fintech banks and credit unions. This is not to say that these options do not provide the financial services of a conventional bank. They are secure and reliable options that provide a better alternative to managing your finances. If you are a person in Iowa who does not want to face any disapproval of their bank account signups, consider the abovementioned options.

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