Submitting any kind of application to a bank means they have to run a series of checks on you. They do this so they can assess the risk you might pose to their business, and to ensure they can do business with you.
One system used by around 90% of banks is ChexSystems, which is a score based on your checking account history. ChexSystems keeps a log of checking accounts that have been closed for “high risk” reasons, such as late payments, violation of rules and regulations, and fraud. The more accounts you’ve had closed for high risk reasons, the lower your score will be. Having a low score makes it difficult to open a checking account with many banks, so here is a list of some of the top banks that don’t use ChexSystems. More