Getting Around ChexSystems
When a person applies for an account at a bank that uses Chexsystems and is denied, it shows up as an inquiry on your report. Too many inquiries on your report can cause Chexsystems to "flag" your account for suspicious activity. It is very important to know where you can and can not get an approval at prior to applying at a bank.
Here is more information from WikiAnswers Contributors:
There are several online companies that provide help in finding a bank after you've been reported to ChexSystems.
To dispute write to:
Chex Systems, Inc.
7805 Hudson Road, Suite 100
Woodbury, MN 55125
By phone at 800-428-9623 or fax at 602-659-2197
If the reinvestigation does not resolve your dispute, you are entitled to request a brief statement be added to your consumer file outlining the nature of your dispute.
A list of non-chexsystems banks is on chexsystemsvictims.com
Maybe - there are many factors taken into consideration at account opening, but ,yes you may get an account at Chase when you are on Chexsystems.
Yes. Bank accounts are not linked to your credit accounts. The only thing that would keep you from opening an account is if you are reported to ChexSystems. You might also have difficulty opening a bank account at a particular bank if you had an account with them before but you had to close it as part of a deal concerning a credit card of theirs. Just make sure you aren't on ChexSystems and you'll be fine, or look for banks that don't use this system if you are. Bankruptcies are not reported to ChexSystems, only your credit reports...
NO, IF A BANK USES CHEXSYSTEMS THEY WILL NOT CONSIDER THAT YOU HAVE AN ACCOUNT AT A BANK ALREADY AS A WAY TO DETERMINE IF THEY WILL OPEN AN ACCOUNT FOR YOU.
There are many banks that do not use chexsystems and there are some that offer second chance checking and make exceptions for those that have been reported to chexsystems.
IT really depends on where you live but there are always options
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
Yes, Blackhawk Bank does use a Chexsystems product.
There are many things which are important to review when opening a bank account.
Answer Most banks that use chexsystems will not allow you to open an a savings or a checking account if you have been reported. There are more credit unions that allow those reported to chexsystems to open a savings if you are eligible for membership even if your chexsystems report is stopping you from having a checking with them.There are some Nationwide banks like ING Direct that will allow anyone to open a savings account. They do not use chexsystems at all. Of course ING requires a person to link to an existing checking account. Chances are a person on ChexSystems doesn't have any kind of bank account nor can they get one. So pursuing opening an account with ING is not possible.Paying the debt owed to the reporting bank will NOT remove you from chexsystems. Many times paying off a debt that is owed to the reporting bank(s) can cause you to be reported even longer. The bank or credit union is allowed to report you 5 years from the last date that the account was paid on/or paid off.AnswerEventually it will just be easier to pay off the bank that put you on chexsystems in the first place. Often people get into trouble with overdraft fees, particularly before the 2010 laws, but they still owe the money, and there is really no way out without settling up with that bank.
It depends on the bank ..many banks will only run the LLC or Corp name through chexsystems and not the signers. Other banks may not use chexsystems at all
You can go to your bank where you have your personal bank account and talk with the manager or someone that works there. They can get your started on opening a business bank account.