Negative financial records stay in ChexSystems for up to five years, which can greatly influence your ability to get a bank account. Your negative record may include overdrafts, unpaid fees, and bounced checks. Banks consider all of these when deciding whether to approve your bank-account application but getting rejected should not stop you from getting the financial help you need.
Some banks in New Jersey are not as rigorous with ChexSystems, so you can easily get a checking account without a lot of issues. Other financial institutions (e.g., credit unions) also offer checking-account options to individuals with no bank account.
Whether you are in New Jersey or not, a poor financial record can make getting a bank account challenging. Banks and other financial institutions use ChexSystems and similar platforms to comb through your financial records (e.g., credit history, loan repayment, and spending behavior).
Thankfully, the above banks and financial institutions in New Jersey can quickly approve your checking account in no time. The primary reason is they do not use ChexSystems, but these financial services also have minimal requirements. Whether online or offline, signing up for an account at these financial brands is straightforward. Most of these services also have a mobile app for added convenience and easy access.
The above checking accounts come with several helpful features (e.g., online banking and free ATM use, among others). If you are looking for the best banks in New Jersey that don't use ChexSystems, then this list should give you a head start.