Does PNC Bank Use ChexSystems?

ChexSystems is a reporting bureau that financial institutions such as banks use to screen people who come to apply for new checking accounts. If you find yourself unable to open a checking account, chances are that it’s because you have been reported to Chexsystems.

As a reporting bureau, ChexSystems is the equivalent of Equifax, TransUnion or Experian. Its only clients are the banks that use its services. So only a bank can have your name listed on Chexsystems and in most cases (with the notable exception of identity theft cases) it will be up to a bank to write and ask to have your name removed from the list.

Having your name appear on ChexSystems’ report means that most major banks will deny you a checking account. The major banks such as Chase obviously use ChexSystems. The smaller banks have slowly but surely been using the information too, although it is worth pointing out that ChexSystems itself doesn’t approve or deny your account. It’s solely the bank’s decision; they just use ChexSystems’ information to make that decision.

About PNC Bank

Established in the 1800s, PNC (Pittsburgh National Corporation) Bank has grown to be one of the leading financial service organizations in the country. With more than five million customers, and assets of approximately $264.3 billion as of March 2011, it operates 2,400 branches and 6,500 ATMs in 15 states. PNC Bank uses ChexSystems to screen out prospective customers. If you’ve applied for a checking account at PNC and been rejected, you should definitely look into options offered by banks that do not use ChexSystems.

Prepaid Debit Cards You Can Use Like Checking Accounts

Here’s a (partial) list of prepaid debit cards that can give you most of the options and convenience that you would get with a regular checking account. They’re easy to get, and can be used anywhere a regular debit or credit card is accepted.

• BBVA Compass SafeSpend Prepaid
• Ready Debit Card
• Green Dot Gold Card
• UpSide Prepaid Visa
• Mango Prepaid MasterCard
• American Express Prepaid
• Walmart MoneyCard

Does PNC Bank Use ChexSystems?