TD Ameritrade and Scottrade Bank are two banks that do not rely on the ChexSystem to approve customers for checking accounts, as of 2015. USAA bank does not use the ChexSystems when approving customers for free checking accounts.
United Bank, Fort Sill National Bank and Suntrust Bank do not use the ChexSystems when going through the process of approving customers for checking accounts, as of 2015. All of these banks, however, may have other requirements. USAA bank requires that its customers be current military or veterans of a military branch. Scottrade requires that customers open a brokerage account prior to applying for a checking account.
ChexSystems is a database that the majority of banks use in order to determine if a potential customer poses risk to the bank. Banks report people into the ChexSystem if they have negative balances on their account, or they provided false information when the applicant first opening an account. Banks usually list the reason for reporting the customer to ChexSystems. As of 2015, information typically stays on the ChexSystems record for up to five years. Many banks do not allow people with negative ChexSystem reports to open checking and savings accounts or take out loans.