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I am currently in Chapter 13 and I can use my checking account the same as I did before I filed.Just make sure you don't use your checking account to pay any debts that you didn't list in your bankruptcy.

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โˆ™ 2010-12-23 14:42:12
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Q: Can you use your checking account while in bankruptcy?
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How long will it be before you can open a checking account if you were denied a checking account not because of bankruptcy but because of outstanding debt?

There are banks that will help you regarless of your credit history. If you have been reported to chexsystems, your name remains on file for 5 years but there are also banks that do not use chexsystems


For a small business, what are the benefits of opening a business checking account rather than using a personal checking account?

There are several benefits from opening and maintaining a business checking account rather than using your personal checking account. When you use a business checking account you are segregating your business funds from your personal funds, thus creating better organization for your business. Also, having the business checking account will help at tax time because all your business transactions will be within the business checking account and there will be no need to sort through your personal transactions. Finally, the business checking account will allow you to use a taxpayer identification number (TIN) so the funds can legally be owned by your business, instead of using your social security number on the checking account. For a small business, opening a business checking account allows you to get more interests. In addition, transactions are processed faster compared to a personal account.


How long after you file bankruptcy can you get a checking account?

A checking account has nothing to do with a bankruptcy unless the bank you are going to deal with does a credit check on you and uses this information to Approve/Disapprove you based on that info. If you are turned down by a bank try another, some bank in your area will give you a Checking Account I'm sure. Good luck getting a checking account. I filed chapter 7 and was discharged over a year ago and NO ONE in the area will give me a checking account. I have to get my paycheck cashed to pay bills. The above person can't get a checking account probably because when they filed for bankruptcy, they included some current bank account they had. When you do this, the bank will place an inquiry on Check Systems and that is what banks used to determine if they will grant you a bank account at their branch. I understand your problem entirely. Refer to the above comment about ChexSystems. Keep in mind that not all banks use ChexSystems, there are still 20% of banks that use some other system or no verification system. If you have been legitimately reported to ChexSystems for owing a bank money, there is no way to remove it unless you can get the bank that added the report to request the removal. You can however, get a note placed on the account if you have paid the debt in full - this will not ensure that you can open a checking account, but it does improve your chances with a bank that has the option of overriding a ChexSystems report. Easiest way out, check with your local credit unions and smaller banks. Odds are one of them either doesn't use ChexSystems or they will open an account even with negatives on that system. ; I just came out of Chapter 7 and could not open an account as long as you included the bank in your bankruptcy and have your discharge papers along with the line item showing they were included into the bankruptcy you can open another account. Just order a chexsystem report then dispute the item as paid and request it to be updated/removed you then will be able to open another account within 30 days. If they dont show a 0 balance you can sue them under the bankruptcy law. but you wont have a problem as i was able to open account 15 days after my dispute.


Can husband use wife's checking account without her permission?

No. Only the owner/holder of the checking account can use the account. Even the spouse of the account holder cannot use it. In case the spouse wishes to use it, they should either be a joint holder of the account or should have a legal power of attorney to do so. Even in cases where the wife is dead, her husband as the legal heir to her property can use the account.


How is a checking account different than a savings account?

A checking account is typically used for the active transfer of money, whether this is money going in (as in a paycheck) or coming out (withdrawals, purchases). Meanwhile, Savings accounts are typically used for putting money in without necessarily withdrawing money out. Savings accounts pay you interest, while few checking accounts give anything at all- in fact, many checking accounts charge a monthly maintenance fee just to use them. Of course, withdrawals and transfers from a savings account are limited by law, while checking accounts have no restrictions on the number or types of transactions.


What websites can you use for online checking?

This is going to depend on which bank your account is with. For example, if you have a checking account with chase, you would go to the chase website login. Once logged in you have full access to online checking.


What are the purposes of a checking account?

A checking account is a basic type of account where you can keep your money and use it as and when you like. Having a checking account is good because:You can save your surplus cash in the account for your future needsYou get an ATM/Debit card that you can use for shoppingYou get a check book that you can use to pay off people money that you owe them


Which best type of account for money you use to pay regular bills?

The best type of account for money you use to pay regular bills is a checking account.


Can you use the same PIN for your savings and checking account?

Sure you can. There are no restrictions that expect you to use a different number for your savings and your checking account. You can use the same number that you can easily remember for both the accounts and nobody can stop you from doing so.


What is difference between checking account and current account?

A checking account is an account where cash can be quickly withdrawn with the use of checks or debit cards. A current account is a financial asset account in accounting in which assets can be easily made liquid or have a turnover period of less than a year.


Can you use checks from a closed checking account?

Why would you think this would work? This is fraud.


Would you access a Second Chance Checking Account the same way you access a normal bank account?

You would access a second chance checking account basically the same way a normal bank account but its not normal most of the money handling for a second chance checking account is done online and people who use second chance checking accounts don't have very great credit


How can one use a commercial checking account?

A commercial checking account is a bank account for a company to be able to have access to money easily with the ability to withdraw via checks, online services, ATM's and electronic debit.


Are suntrust online checking accounts free?

Suntrust banks offer a free online checking account. You can also customize your account to include features that you would like to use.


Can you get a bank account at a credit union with bad credit?

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


Can checking account be included in bankruptcy?

Not just can, has to be. You don't have real choices on what is in your bankruptcy. It must include all of your assets and all of your debts...some may be classified as exempt and not available for use or discharge, but all must be listed. You do not pick and chose what you want to payoff with what you want to pay with. Wanna' guess why?


How do you get a bank account if you are on chexsytem?

Chase offers a checking account called Chase Access checking that you may be approved for. There is a monthy fee of $10 and you can't use checks, but you get a debit card.


Can a new bank account have a closed bank account s routing and checking number?

Banks do not use the same checking account number twice. The routing number is the same for many accounts as it is a geographical designation of where your bank/branch is located.


Can you open a checking account under your name and let someone else use it?

yes


Why do very few financial institutions offer interest checking accounts?

The primary reason interest checking accounts are hard to find is because of how they work. Interest checking accounts provide a mid to high interest rate on money in an account, along with the ability to write checks and transfer money. An interest checking account is a mix between an easily accessible account, which allows you to use checks and debit cards, and a high interest account, which usually doesn't allow the freedom to use checks.


Which online checking account is the best for a student?

To find the best online checking account for yourself, contact any financial institution you already use and like and see if they offer online checking services. With a previous relationship established, you know you can trust them. You can also ask fellow students what institutions they use and like.


What is aregular checking account?

A checking account is one of the basic types of bank accounts available to customers.Having a checking account is good because:You can save your surplus cash in the account for your future needsYou get an ATM/Debit card that you can use for shoppingYou get a check book that you can use to pay off people money that you owe them


What exactly is a checking account?

A checking account is a convenient, secure place where you can deposit, store, and spend your money. It is intended for the use of depositing and withdrawing funds through a check, a debit card or other various sources.


Is it safe to use an internet checking account?

There will always be risks to using the internet checking account but you just need to make sure you follow all the safety measures and make sure you are covered if anything is stolen.


How long does it take to wire money?

A bank wire takes time while a Fed wire goes right through.If you have a checking account the bank will use your SWIFT code.

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