As of 2015, some banks that do not run names through ChexSystems include TD Ameritrade, USAA and Renasant Bank. Other banks that do not use ChexSystems include TCFBank, United Bank and First Convenience Bank. Approximately 80 percent of U.S. banks use ChexSystems, as of 2014.
TD Ameritrade allows banking customers to pay bills, order checks and avoid maintenance and ATM fees. To take advantage of these services from TD Ameritrade, customers have to open a brokerage account and sign up for checking options. To get an account with USAA, customers must have an affiliation with the military or have a military spouse or parent. Customers looking to open an account with Renasant Bank cannot owe Renasant Bank any money. The bank offers its customers free online bill pay options, mobile banking and checking accounts.
ChexSystems is the financial reporting system that banks use to report the financial behavior of their customers, such as bounced checks, overdrawn accounts and check fraud. ChexSystems acts as a credit score card for the banking industry. An adverse action can stay on a ChexSystems report for five or more years, depending on the severity of the action. Alternatives to regular banking include second-chance banking accounts, prepaid debit cards or non-traditional bank accounts that do not use the ChexSystems reporting system.