IT really depends on where you live but there are always options
Yes and No. If the bank whom you owe money to does not report the account to one of the bad check reporting firms eg. Chexsystems, you should be able to open another bank account at a different bank. Nowadays however, banks have become the 2nd choice of commercial accounts. Check Cards can be purchased at any drugstore. (GREENDOT CARDS ARE AVAILABLE AT CVS or RITE-AID)
Most credit unions will allow anyone that is eligible for membership to open an account. It depends on what they use to verify a checking account when opened as to if they will allow you to open a checking. Some use a credit report and some use chexsystems, ews or telecheck
TCF Bank is, as far as I know, a Minnesota based bank. It caters to people who have had a bad history with another bank and is on chexsystems. You can get in touch with them through their website, www.tcfbank.com and their are branch numbers located on there. hope that helps.
One option for you is to open basic bank account online. Through this, build your credibility and then later, you can get a bank account in a bank.
. 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. Since banks are already doing bad because of the real estate issue, they are becoming even more strict on opening accounts for people on chexsystems because it creates another risk if the person overdrafts a lot, owing the bank money. Banks dont make money off checking accounts, that is why they use chexsystems in the first place. it is also why they make you keep a minimal amount in your account. If you are looking fro an alternative bank account i would suggest using a prepaid debit card account. There are many prepaid card companies to choose from and they all provide the same basic features of a checking account, such as: debit cards to make purchases & withdraw cash, a place to safely store your money, direct deposit, online bill pay, online account access, most prepaid card accounts are FDIC insured and some even give interest on the money you have in your account. If you are thinking about using a prepaid card account, i would suggest AccountNow, or you can use a prepaid card comparison site like www.prepaid101.com. If you are looking for more information on ChexSystems or other money advice and tips, visit Money 411 for more informtion: www.accountnow.com/resources/
Some banks have online applications that will approve immediately. Then the bank will wait until the signature card is sent in to actually look at the Chexsystems report. At that point, they will send back the initial deposit and close the account. Then there are other banks that do "sweeps" on accounts. This is where a bank, generally the loss prevention department will do a random check on accounts with chexsystems. If they find that the customer has a chexsystems record, they then will determine that they person may be a risk and they will freeze account, and later close it. For these reasons I always suggest that if you have been reported to chexsystems that you try to find a bank that does not use ChexSystems if at all if possible. Now an exception to this rule is if a bank opens an account and is aware of the chexsystems report. Most times you will be fine with these circumstances. Unfortunately, there have been situations that were reported to me where for example a manager of a branch decides to open an account and over ride the chexsystems report for the customer. Then later the loss prevention department determines that the manager was not correct to open it and once loss prevention decides it is a potential risk, they will freeze the account and then close it. These situations can create a very bad situation for some customers especially is they have all of their money in this one account when it is frozen and closed. If a bank does decide to freeze an account, they will not allow a customer access to their money for a period of time that is normally 30 days or more. I can not begin to tell you the horror stories that I have heard over the years when this happens. Because of this, I suggest that you always have a back up account if you are going to bank with a bank that uses chexsystems.
Opening A Savings AccountGenerally 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 on chexsystems as long as you are eligible for a membership even if they will not open a checking. Some banks and credit unions do not verify savings accounts through chexsystems so it really depends on the bank or credit union .Right now ING direct is an excellent place if you are looking for a savings ONLY. They will not run chexsystems.related question for more helpAre_there_any_banks_that_do_not_use_Telecheck_or_Chexsystems
Normally if a bank closes your account they will report you to chexsystems, telecheck, or early warning services. If the account is charged off, it may be turned over to a collection agency and in turn it could hurt your credit. It will also prevent you from opening a new account easily
Yes and No. If the bank whom you owe money to does not report the account to one of the bad check reporting firms eg. Chexsystems, you should be able to open another bank account at a different bank. Nowadays however, banks have become the 2nd choice of commercial accounts. Check Cards can be purchased at any drugstore. (GREENDOT CARDS ARE AVAILABLE AT CVS or RITE-AID)
No. They cannot. A bad check is one that is either not signed or has expired or the signature of the check issuer doesnt match bank records or the account doesnt have enough money to pay for the check. In either case, the bank will never pay for a bad check and so, there is no way the check that was deposited goes through. It will be Rejected.
Most credit unions will allow anyone that is eligible for membership to open an account. It depends on what they use to verify a checking account when opened as to if they will allow you to open a checking. Some use a credit report and some use chexsystems, ews or telecheck
That doesnt happen often, but its when you send a bad check. Because cash account is an asset and carry debit balance
Yes, but they approve some people listed on chex, if the listing is old and not too bad.
Some things that may cause you to get listed on Chexsystems are: NSF, account abuse, fraud, and bad checks.
You can go to: https://www.consumerdebit.com/consumerinfo/us/en/index.htm and get your Chexsystems Report. There is only one Chexsystems. This report will show you who reported your "bad checks". If you need a checking account go to: == == call telechex- they will tell you who has the information about you.
TCF Bank is, as far as I know, a Minnesota based bank. It caters to people who have had a bad history with another bank and is on chexsystems. You can get in touch with them through their website, www.tcfbank.com and their are branch numbers located on there. hope that helps.
One option for you is to open basic bank account online. Through this, build your credibility and then later, you can get a bank account in a bank.