If you are on chexsystem can you open a joint bank account with someone not on chexsystem?

Answer 1

Opening a Joint Bank AccountMy father tried to open an account with me & we were rejected. He then turned around & applyed for an account himslf & they approved him with no problems. NO you can not open a bank account with some one who is listed on chexsystem.

I concur, I tried to open an account on E*Trade with my brother and the exact same thing happened as described above.

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New Answer:

With all due respecet, I'm afraid this is NOT correct. Anyone who has had checks printed at any of the big giants (DELUXE, etc etc), generally, AUTOMATICALLY get their data sent over to ChexSystems (you can also request your ChexSystems report for FREE once a year, not unlike requests for credit reports.). And you should do that too. You'll be amazed how many banks appear on your report EVEN IF you were NEVER late on a payment or had any bad checks. Yes, people who made a boo-boo here or there are even more likely to have that account appear on their report. But there's a misconception, and, basically, anytime you open a checking account (and EVEN IF YOU DONT order checks!) you'll still appear there because there's 2 sections: 1) "History of Checks Ordered"; and 2) Inquiries Initiated (99% of banks will run your name/SS# thru ChexSystems to cover their a-s and make sure you're not an undue risk.

Now, if you're a debtor, eg from a judgment following a lawsuit, you will be SHOCKED all the details your bank(s) SEND (sell more likely) to companies like ChexSystems.

For example, under #1 above (Checks ordered), you'll see:

1. Your full name

2. the last 4 of your DL#

3. The last 4 of your acct#

4. Qty of checks ordered

5. Check start number even!

6. Date orderedc

7. the headquarters for that SPECIFIC BANK

Now, as if THAT'S not enough, the following is a list of the equally privacy-invading and potentially damaging (in the hands of a judgment creditor/collector) for #2 above ("Inquiries made" (ie any time you open a checking account):

1. Bank (USUALLY with the EXACT ADDRESS of your branch!!)

2. Inquiry date

3. Full name provided

4. The last 4 of your SS#

I want everyone to know about this. Many believe that this is a complete violation of our financial privacy rights, but, amazingly, banks selling our data like this to agencies (like ChexSystems and others) who are USED by judgment collectors is still not illegal, and lives are destroyed every day when collectors easily finding those branches(!) get the judge to sign off on a writ of execution, which basically sweeps your account of everything in it (including anyt safe deposit boxes) at the moment of the levy. They also FREEZE the account (so you can't use it for 30 days)...after which they can request ANOTHER writ (levy basically). That 30 days gives you a chance to appeal it. However, most smart litigants or prior litigants, after losing a case, know to pull their money from their accounts so the boogie man can't take'm and "arrest" their business. Another interesting point is that if, theoretically, you have $3000 in the bank on the day the marshall/sherif serves the bank with the levy (writ from the judge), they'll take ALL of it (assuming you owe more than that obviously)...."BUT"...if you then walk in the next day and deposit $50,000 (just an example), they can't touch that....without having to go back for another order. Keep in mind too that collectors and similar agents will often levy accounts despite your account having some exemption on it (see your state's list of exemptions). Their attitude is "oh well, we got your money, so now you have to sue us for it back." That's why it's good to know how all his works, and if there's a judgment against you, they're always going to know which ban k and even which BRANCH to serve their levy on (since most banks are ChexSystems-participants). So, since you have 30 days after judgment for them to get that writ, MAKE SURE that before that 30 days is up, you pull your funds from that account. Good luck to all.