Do banks use ChexSystems for business checking accounts

Hi I’ve recently tried to open a small business account and was turn down because I’m on chexsystem is it any bank that will let me get one.

Business owners with ChexSystems records may find it difficult to open a business checking account. Banks that don’t use ChexSystems for business checking and second chance business checking accounts can be an option.

While I typically only research banks that don’t use ChexSystems for personal accounts, there are a few banks that don’t use ChexSystems for business checking accounts and second chance business checking account.

Please understand that each bank has its own policies so you’ll have to evaluate on a case-by-case basis. But here is what you should FIRST have in order:

Banks are required to verify your business as well as the persons associated with the business by obtaining certain business documents. Based on your business type, you will need one of the following or the appropriate documents issued by a Government agency to open a business account.

Sole Proprietor.
If the business name does not include the legal first and last name of the owner, you will need additional documentation. For example: If the owner’s legal name is Lisa Phillips, and the business name is Phillips Furniture, you will need additional documentation. However, if the business name is Lisa Phillips Furniture you will not. The additional documentation needed would be one of the following documents:

• Fictitious Name Certificate or DBA (doing business as)
• Certificate of Assumed Name
• Business License
• Registration of Trade Name

Limited Liability Company (LLCs)
You will need one of the following business documents:

• Articles of Organization
• Certificate of Organization
• Certificate of Formation

Corporation
You will need one of the following business documents:

• Articles of Incorporation
• Certificate of Good Standing

General Partnership
You will need one of the following business documents:

• Partnership Agreement
• Fictitious Name Certificate or Statement
• Certificate of Assumed Name
• Business License

Business Checking Accounts you can try:

Bank of America. They have been known to open business checking accounts if you have the proper documentation for an LLC or Corporation using only the business information and EIN. Check Small Business Banking requirements.

Woodforest National Bank. They have a Second Chance Business Account designed to offer a second chance to business customers who have experienced previous bank account challenges. The minimum required to open is $100 plus there is a $15 monthly service fee.

BBVA Compass Bank. The BBVA ClearConnect Business Checking Account does not use ChexSystems. No monthly fees and $100 minimum opening deposit required.