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Can you open an account with a bank if you have had a charge off with a past account?
Wiki User
∙ 18y ago
Typically no, once your account gets to the point of charged off, it has been overdrawn for roughly 45 days (give or take). Your name and SSN then get reported to ChexSystems which then notifies every bank of your charged off account. Not many banks want to risk losing their money to you if you've already lost money for another bank. Your best chance to get an account is to go back to the bank your account was charged off, explain what happened, and hope for the best. And next time balance your checkbook... daily.
Wiki User
∙ 18y ago
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What is the past tense of you freeze the bank account?
You froze the bank account.
Why bank prohibited person to open account?
There may be several reasons, and if you are the person who was denied an account you should inquire with the bank directly to determine why. Some reasons might be: Negative history with that bank (you owe them money from a past account that closed in overdraft, or from unpaid loans) Negative history with another bank Negative credit history in general Inability to provide the identification legally required to open an account
Can cable companys charge extra monthsbif you have a past due account?
Cable companies can charge a past due fee to a past due bill.
The bank closed my checking account for excessive returned checks in the past year. They returned excess money to me after freezing the account and closing it. No money is owed. Can they report?
Yes, the bank can report this to ChexSystems. They will show that they had to close your account. Hopefully they will not put account abuse or fraud on your account because this will make it hard to open a new bank account. I recommend contacting them and asking them not to report you to ChexSystems, and get something in writing saying that your account is paid off. That way, if they report you, you can show you have paid it off, and a bank might open an account for you if they happen to still report you and you can show proof it's paid off.
What information is needed to open an account with BMO Harris Bank?
In order to open an account with BMO Harris Bank online, one must first obtain their date of birth, social security number, and a list of all of their past finances. It is generally recommended to have a copy of the latest 1040 form on hand as well.
If you pay the bank that you owe money to on the chex systems can you open a checking account with them again?
Paying off a debt owed to a bank listed on ChexSystems may improve your chances of being able to open a checking account with them again. However, each bank has its own policies and may still consider your past history when deciding whether to approve your application. It's best to contact the bank directly to inquire about their specific guidelines and requirements for opening a new account.
Can bank take money from one account to pay into another?
If I'm a signer on my mom's bank account can a bank take her money to pay my past due credit card balance?
Is it possible to get a bank account if you have poor credit?
Yes it is possible to get a bank account if you have poor credit. Most banks do not check your credit in order to open an account. However, if you have had delinquent bank accounts in the past, your name may come up in the "Chex" system, which might present a problem. Generally savings accounts are easier to get than checking accounts, but even with horrible credit, you can usually still get some kind of checking account.
Should I get an offshore banking account?
If you have had security issues in the past, then an offshore bank account would be a good idea. however if you feel that your money would be safe it would be easier to keep it in the same bank account.
What happens if the bank closes your acct down can you go to jail for that?
It depends on why the bank closed your account.No If:The bank closed your account because you did not use the account for the past few months orThe bank closed your account because you did not maintain minimum balance requirements orYes If:a. The bank closed your account because the account was involved in suspicious activities like money launderingb. The bank closed your account because links to known terrorists or drug dealers were found from your bank accountc. The bank closed your account because you issued checks to people without maintaining sufficient balance in your bank account
Can I close my bank account if you still owe money?
When you become past due on a credit card or default on a loan, the creditor reports the information to one of three credit agencies (Equifax, Experian or Transunion). When you charge-off a checking account, your bank may report the information to a different agency; this agency is called ChexSystems. Most banks participate in ChexSystems service, by running consumer reports to qualify applicants, as well as reported delinquent accounts. If you owe another bank money and want to open a new bank account, you'll have to be resourceful.Instructions1 Order your ChexSystems consumer report. You are entitled to a free copy annually; visit the ChexSystems website to make your request.2 Receive your free report by mail in seven to 10 business days. Examine the report to determine if the delinquent account is listed; if it's not, you have nothing to worry about; you can open a bank account anywhere.3 Pay off the delinquent account, if possible. It won't remove the delinquent account from ChexSystems, however, it will change the status to paid, which may help you open a new bank account.4 Visit the bank where you want to open an account. Meet with a personal banker to discuss your options. Explain your situation and furnish proof the old account is paid, if possible.5 Apply online for a bank account. Most banks allow you pre-qualify for checking accounts on their website. This will avoid any potential face-to-face embarrassment.6 Consider a credit union, rather than a bank. While most banks use ChexSystems, many credit unions do not. A credit union checking account may offer the same conveniences as a bank checking account.
Can you open a checking account in another state if the past one has an outstanding balance?
The other bank will likely have reported your activity to chex systems. I advise you pay off the old bank account before opening a new one. It is unlikely that you will be able to open a new account.
