Category Archives: checking account with no opening deposit
What Is Chexsystems?
ChexSystems is an independent company that collects information about your banking history and reports it to banks and other financial institutions. If you have overdrawn your bank account in the past or have a history of bounced checks, the bank has most likely reported you to Chexsystems. ChexSystems and Telecheck are employed to identify bank account applicants who have a history of overdrawn checking accounts and bounced checks.
If you recently applied for a checking account and were denied, you might have been instructed by the bank to call Chexsystems and clear your banking record. Approximately 85% of banks use Chexsystems, but you can open a free second chance bank account online now. Checking Help has a list of banks that don’t use Chexsystems at all. To save the bank money, some banks don’t check Chexsystems for new accounts to avoid having to pay for Chexsystem’s service fee.
Why You Need A Checking Account
Many employers today no longer bother with the hassle of issuing checks and require that you have direct deposit. This can be an embarrassing situation if you need a bank account but keep getting denied because of Chexsystems and don’t want to explain to your new employer that you bounced checks at your last bank and can’t get a checking account.
Because Chexsystems works like a consumer credit reporting agency, if you try to cash a check, even at a popular retail location such as Walmart, they will also run your identity through a check system such as Telecheck or Chexsystems and refuse to cash your check. Without a checking account, you are usually only left with the option of paying a higher fee and cashing your check at a check cashing store or currency exchange, businesses that profit from your past mistakes. The greater the amount of your check, the higher the fee.
A Checking Account for Bad Credit, Bad Credit Checking Account, bank account bad credit, bank account online, Bank Accounts Online, bank with no chexsystem, banks for bad credit, best banks, checking account online, list of banks, no credit check, online banks, Open a Checking Account Online, second chance bank, second chance bank account, second chance banks and tagged A Bank Account with Bad Credit, A Checking Account for Bad Credit, accounts online, Bad Credit Checking Account, Bank Accounts Online, Bank Accounts With Bad Credit, Bank Accounts With Poor Credit, bank credit check, bank with free checking, bank with no chexsystem, Banking Accounts, Banking Online, Banking Online Second Chance Checking Accounts, Banks, Banks That Do Not Use Chexsystems, banks that use chexsystems, Banks with Second Chance Checking, Best Checking Accounts, Checking Account, checking account credit, Checking Account On Chexsystems, Checking Account Online Applications, checking account with no credit check, checking account with no opening deposit, checking accounts with bad credit, Checking Online, chexsystem banks, Chexsystem Removal, chexsystem report, Chexsystems, Chexsystems Dispute, Chexsystems Help, Chexsystems Removal, credit check checking account, credit online banking, Get A Checking Account, How Can You Get Credit, How Do You Get Credit, how to check chexsystems, How to Dispute Chexsystems, National Banks, New Checking Account, No Checking Account, No Chexsystems, No Chexsystems Checking Account, no credit check bank account, No Credit Check Cards, no credit check checking account, no credit check checking account bank, Non Chexsystems Banks, Online Bank Account, online bank checking accounts, online banking checking account, online bank a checking account, Online Checking Accounts, Open A Checking Account with Bad Credit, open a new checking account, Open a New Checking Account Online, Open An Online Checking Account, Second Chance Bank Account, Second Chance Bank Accounts, Second Chance Banks, Second Chance Checking, Second Chance Checking Accounts, Types of Checking Accounts, what banks use chexsystems, What is a Second Chance Bank Account?, What is Chexsystems, What is Telecheck, where can i open a checking account online, Which Banks Use Chexsystems.