Is there any way around ChexSystems when opening a bank account?

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Getting Around ChexSystems

When a person applies for an account at a bank that uses Chexsystems and is denied, it shows up as an inquiry on your report. Too many inquiries on your report can cause Chexsystems to "flag" your account for suspicious activity. It is very important to know where you can and can not get an approval at prior to applying at a bank.

Here is more information from WikiAnswers Contributors:
  • I was reported to chex system 2 months ago and I'm able to open a second chance Basic Checking account with Compass Bank. It is only $5/month and I get a Visa check card. Lots of banks are starting to offer these kinds of services, you just need to look around. It is a very good way to restart your credit history.
  • All banks are linked through the chexsystem as far as I know. If the balance is still owed, you may not find anyone willing to open an account for you until it's paid off. I believe you will be in Chexsystem for five years, then your name will be removed.
  • There is hope. What you can do is write Chexsystem a letter stating your story. Depending on circumstances you may not be liable under the Fair Reporting Act.
  • Well, I just found out that under most state laws a credit union cannot decline anyone that meets their membership requirements. This means that if you have bad credit they cannot decline you, but they can restrict your services. But if you need a savings account and a place to cash a check then they can do it.
  • Second Chance Checking. Check availability in your area, some banks do offer this program for those of us that have outstanding items with chex systems.

There are several online companies that provide help in finding a bank after you've been reported to ChexSystems.
  • Wells Fargo offers "opportunity checking" which is targeted for people who are on chexsystems, even if you still owe. There is a $12.00 monthly fee, and $2.00 credit if you get direct deposit.
  • Guaranty Bank is one of the few that will open an account if you have 1 or less Chex system reports, as long as you don't owe any money.

To dispute write to:
Chex Systems, Inc.
7805 Hudson Road, Suite 100
Woodbury, MN 55125
By phone at 800-428-9623 or fax at 602-659-2197

If the reinvestigation does not resolve your dispute, you are entitled to request a brief statement be added to your consumer file outlining the nature of your dispute.
A list of non-chexsystems banks is on
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Can you open a savings account if you are on ChexSystems?

Opening A Savings Account Generally if a bank uses chexsystems, they will use it to open a savings as well. Sometimes a credit union will open a savings account if you are o

How do you find out why you cannot open a checking account at any bank?

The best and perhaps only way to obtain the correct information is to ask the person in charge of accounts at the bank where the application was made. It is could be that the

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

Opening a Joint Bank Account My 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

Can you open a savings account if you are on chexsystem?

Answer Most banks that use chexsystems will not allow you to open an a savings or a checking account if you have been reported. There are more credit unions that allow thos

How do you fix a closed bank account with ChexSystems?

Answer . Paying off chexsystems will not remove you from chexsystems. There is no guarantee for removal but you can always file a dispute with both chexsystems and the repo

Are there any banks in Georgia that are non-chexsystems banks?

There are many banks in GA that will open accounts for those onchexsystems. Right now some of the more popular ones are BOA andHeritage Bank There are about 12 or 13 banks th

Are there any banks in California that are non-Chexsystems banks?

US Bank is approving many people in chexsystems. You have to find an " in store branch " not a regular branch. Some locations even have signs that say "chexsystems no problem"

Can you open a business savings account if you are on ChexSystems?

yes you can ... many banks will open account for those on chexsystems.. Being able to get a business checking when you are in chexsystems is a bit different than getting a re

Is there any way of getting out of Chexsystems before the 5 years?

yes, you can file a dispute with both chexsystems and the reporting bank,. You are looking for any type of inaccuracy you can hold them accountable for. The FCRA specifies
In Banking

Are there any Il banks that do not use chexsystems?

. Hopefully this information can help answer your question. As far as banks that dont use ChexSystems, it is becoming very difficult to find because of the weakened economy.
In Banking

What is a chexsystem in banking?

Chexsystem is a national database the banks use to track people who have had problems with their banks accounts and have had them closed. The reason for closure can be as extr
In Banking

Are there any banks in Georgia that are non chexsystems banks?

Bank of Dooly Bank Of Eastman Hamilton State Bank CB&T Bank of Middle Georgia Coastal Bank of Georgia Commercial Bank of Thomasville Exchange Bank First Communi