Yes, it can. Banks feel that they are taking a risk on someone who has bad credit. Most lending institutions think that you will write "bad checks" and not be able to pay for them, thus leaving them to charge off the account. If you have bad credit, they think that you can't manage money.
Not usually. Unless it includes NSF charges. It may affect the terms and charges though, for period of time.
Actually, I was turned down for a checking account at Bank of America because my credit was poor, so that is not true. It can effect you getting a checking account. It just depends where. I have to go to a credit union to get an account.
Having a checking account has no effect on your credit score. Bouncing your checks has a big effect on your credit score.
No credit reports only report debt not assets. Checking and saving account information does not appear on credit reports so will not affect your credit score.
checking from bank fund & credit card prepaid by credit
One advantage of using a checking account is that you can pay only with money you actually have in your account, which can help you avoid overspending and getting into credit card debt.
You can open a checking account with badcreditnic.com. The do no check your credit.
No, having a negative balance in an unused checking account will not directly affect your credit rating. However, if you fail to pay off the negative balance and the account is sent to collections, that could potentially have a negative impact on your credit rating.
Checking your credit history allows you to make credit reports and check credit scores which are crucial for getting loans. It is also important to check that your account is not being used wrongfully.
No, but it will impact whether you will be allowed to open up a checking account.
A credit card account comes with a credit card, which can be used to authorize purchases of any value. The checking account does not come with a credit card and is used for issuing checks.
what is a chekcing account at a credit union
Your credit history is what is important. If you are overdrawn or have been over drawn many times and the bank is charging you penalties it will hurt your chances of getting a credit card. If you have a credit line that protects your checking account like I do you just start drawing on that and it won't hurt your credit report.
Chex Systems Bites is a great site for a listing of banks where you can open a checking account with bad credit. They also have information on how the Chex System works and give recommendations on different banks. You can find the website at http://chexsys.tripod.com/goodbanks.html. Many, if not most banks, do not check your credit for a simple checking account. What they do check is if you've defaulted on a checking account at another bank. If another bank has reported you (rightly or wrongly) you will have a hard time getting an account.