Does Pentagon Federal Credit Union Use ChexSystems? Is it Good for Bad Credit?

Considering Pentagon Federal Credit Union or already applying for its account? Find out whether Pentagon Federal Credit Union uses ChexSystems and offers a second chance checking or savings account.

You walk into your local bank branch and sit down with your bank representative to talk about opening a checking account. Maybe you’ve been through some financial difficulties in the past, but you are ready to get back on track. But maybe not. You may think your financials are in good shape.

You wait with bated breath through the application process, only to let it out in a sigh of disappointment.

The banking representative turns to you and says, “I’m sorry, but we can’t open an account for you right now. You were rejected by ChexSystems.”

At that point, the banker probably explained ChexSystems to you in detail. If you haven't already, you can read our in-depth guide to ChexSystems and ChexSystems removal, and why it may be having a negative impact on your financial life.

Denials like these are surprisingly common. In fact, CNN has reported that approximately 15% of bank applicants are denied regular bank accounts.

Pentagon Federal Credit Union

Several members of our community have reported that Pentagon Federal Credit Union DOES use ChexSystems but you can still qualify for an account if you don't owe any money to the bank. A second chance checking or savings account is another option to consider. Check out their financial products below and visit the official website to learn more.


Method of Verification Credit report

Anyone can open a savings account once they become a member but checking accounts are based on your credit report. They are known to be very picky about credit. Most are denied the checking account at this credit union and are only approved for the savings.

Official Response (Email or Phone)

We will pull a copy of your credit report when you apply to open an account.

Top Banks That Don’t Use ChexSystems

Below you will find banks that don’t use ChexSystems as an alternative to Pentagon Federal Credit Union in any step of the process. You can be sure that these banks won’t ever cross reference your records before deciding whether to let you open an account.

The list is suggested by our readers. Please consider the Unchex editor's curated list of banks that don't use ChexSystems for all the banking options available nationwide.

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.

Apply Now
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
Main Office
2930 Eisenhower Ave Alexandria, VA 22314-4557
Deposit Insurance
Established On
James R Schenck
Number of Members
Community Bank
Institution Class
Federal Credit Union - Multiple common bond - primarily military
Institution Type
Credit Union
Credit Union Programs
Approved Mortgage Seller, Mortgage Processing, Short-Term, Small Amount Loans (FCU Only)
Low Income Designation
Member of FHLB
Total Assets
Asset Concentration
Charter Number
Routing Number
Membership Eligibility
Accounts Offered
Electronic Services
New Loan, Loan Payments, Member Application, Remote Deposit Capture, Download Account History, Bill Payment, Merchandise Purchase, Account Balance Inquiry, Share Account Transfers, Mobile Payments, Electronic Cash, View Account History, Share Draft Orders, New Share Account, External Account Transfers, e-Statements, Electronic Signature Auth./Cert.
Access to Electronic Services
Home Banking via Internet Website, Automatic Teller Machine (ATM), Audio Response/Phone Based, Mobile Banking
Services & Products: Credit
Debt Cancellation/Suspension, Overdraft Lines of Credit, Business Loans, Credit Builder, Participation Loans, Interest Only or Pymt Option, Real Estate Loans
Services & Products: Depository
No Cost Share Drafts, Share Certificates with low minimum balance requirement, Business Share Accounts
Services & Products: Financial Education
Services & Products: Other
Insurance/Investment Sales, No Cost Bill Payer, Bilingual Services
Services & Products: Transactional
ATM/Debit Card Program, No surcharge ATMs, Money orders, Check Cashing