Puerto Rico Banks & Credit Unions That Don't Use ChexSystems

Have you been struggling with getting a loan? Most people with bad credit do. Before you can learn why that happens, let's talk about what ChexSystems is and why it can hinder you from getting the loan you need.

ChexSystems is a credit reporting agency focusing entirely on credit cards rather than bank accounts. When you first apply for a bank account for whatever purpose, your application is run through ChexSystems. This depends on the bank whether they review your application through ChexSystems or not.

They screen the customers to see their creditworthiness, and if you have any bad credit or other gaps in your credit history, then that can contribute to a low credit score. This is why many banks refuse to give loans to customers. However, there you do not have to worry if you live in Puerto Rico.

Many banks and other financial institutions in Puerto Rico make it easier for you to get the loans you need as they do not follow the ChexSystems, and the report does not matter much to them. To help you, here is a list of all banks you can connect with to get the loan you have been looking for.

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

Navy Federal Credit Union

The Navy Federal Credit Union is a great option for all eligible family members, such as siblings, parents, and grandparents of Navy Federal Credit Union members.

Reasons to Choose Navy Federal Credit Union

The Navy Federal Credit Union is one of the largest credit unions in the world. This union offers you the option to choose from any of the five checking accounts, and that even includes a unique checking account where you do not have to pay any monthly service fee. There are many reasons why you should choose the Navy Federal Credit Union when given a choice. Not everyone is eligible to start an account with the Navy Federal Credit Union; here is a list of all the eligible people:

  • Service members (Active Duty)
  • Air National Guard Personnel
  • Defense Employees
  • Contractors
  • Active duty personnel veterans
  • Family members of those associated


  • Flagship checking account without a monthly fee
  • No minimum balance requirement
  • No minimum deposits
  • Non-interest bearing


  • Limited fee rebates for ATM
  • Minimum balance of $1,500 for Flagship Checking Account

Learn more about Navy Federal Credit Union

SunTrust Bank

If you are a first-time user, SunTrust Bank is one of the best choices for you. The services of SunTrust Banks are designed to keep first-time users. Let's learn why you should choose SunTrust Bank for your loans if you are trying to stay away from ChexSystems.

Reasons to Choose SunTrust Bank

SunTrust is among the best banks out there that do not follow the ChexSystems. The bank offers online account opening and mobile banking. There are several benefits of choosing SunTrust Bank that come with opening a checking account with them. However, there are some cons that you must be well aware of:


  • Starter pack of personal checks
  • Low monthly service fee as compared to other banks
  • Student discount
  • The waived monthly fee is maintaining $500 or more in the account
  • Mobile banking
  • Online banking


  • High minimum deposit of $100

Learn more about SunTrust Bank

Final Thoughts

You may not know the best way out of a sticky financial situation, and in such scenarios, banks and financial institutions are of little to no help. This is why you must connect with banks that do not run on the ChexSystems. When you ask them to open a bank account for you, they will not take a look at your credit history, and you will be able to open a checking account without any hassle.

If you are a citizen of Puerto Rico, then you can connect with any banks on the list mentioned here, and they will help you open an account without referring first to the ChexSystems. You may need help with selecting the right bank that offers you all the features you are looking for. The best bank will take all your financial woes away from you.

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