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There are many possibilities. Perhaps it was a credit issue. There are many banks that use outside sources to help them make decisions to open deposits accounts. These outside sources include: chexsystems, telecheck and early warning services. If you have a negative report listed, you may be denied.

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โˆ™ 2008-07-05 10:09:44
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Q: Why would you be denied a checking account?
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Does having a checking account improve your credit score?

No, a checking account is not correlated to your credit score. The only reason why you have to give your social security # is to prove that you have no outstanding debt with any other banks. ______________________________________ Actually, there is a correlation. Having a checking account doesn't improve your credit score, but you can be accepted or denied an account based on it. If you have bad credit, or no credit, you may be denied from a variety of bank checking accounts. I was told by my lawyer it does improve your credit if you keep your checking account in good standings he said the bank report it monthly to the crdit bureaus thats just what i was told

Is it a US checking account or an US checking account?

A US checking Account

What if its disabilty money in your checking account how would a lien work then?

if you have a lein on you, can they take your disabilty money out of your checking account

How can you open an online business checking account?

In order to open a business checking account online you first need to decide which bank you would like to have a checking account through. Then you should go to the website and follow the steps listed to open a checking account.

Checking Account?

form_title=Set up a Checking Account form_header=Having a checking account will help you keep track of your money. Does your company offer direct deposit?= () Yes () No Would you like a debit card?= () Yes () No What other features would you like with this account?=_

When does 2nd Chance Checking happen?

An individual who was denied a standard checking account at a bank due to poor credit may sometimes be able to open a 'Second Chance' checking account instead. These accounts are generally worse than normal accounts due to higher fees, but they are an option for people who have no other way to open an account.

Do you paid taxes on checking account?

The only tax you would pay on money in a checking account is any interest the money made if it is a interest type of account.

How do you open a online checking account?

Opening an online checking account is usually very simple, and many banks offer online checking alongside your primary checking account. Your best bet would be to simply call your local bank, and ask them about their online checking program.

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

Can you use checks from a closed checking account?

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

What is a checking account frequently referred to as?

A checking account is also called a transactional account or chequing account.

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

What is the minimum age to have a checking account in your own name?

You have to be 18 years old to have a checking account in your own name. If you are under 18, you have to have a parent or guardian name on the account as well. The minimum age to have a checking account is 18. If you are under the age of 18 and would like to open up your own checking account, you will need a co-signature from an adult.

Why is a checking account better than a savings account?

cause checking account is more safe

How can you get the bank route number and your checking account number?

Your bank routing number is on the left side of the checking account and the checking account is next to it.

How is a business checking account different from a personal checking account?

A business checking account is different from a personal checking account by the minimum amount of desposit. You can read more at › Directory › Financial Services › Banking

What is the purpose of high interest checking?

"A high interst checking account is a type of checking account that earns interest. Usually these accounts have higher interest than a regular checking account, but not as high as a savings account."

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 should I ask when opening a checking account?

Just visit any bank that you would like to open a checking account in and sit at the new account desk. The person sitting at the new account desk would show you a brochure of all sorts of checking accounts and their fees. Some doesn't have fees if the place you work at offers direct deposit.

Can collection agencies tap a personal bank account?

Yes! Creditors can garnish a personal checking account. As long as the creditor has the checking account info they can garnish a checking account.

What is the difference between a trust and a checking account?

a trust account means you trust the person that is opening the account, and a checking account means you will keep checking it to make everything is okay.

Why is a checking account more convenient is savings account?

It's easier to spend the money in a checking account.

Where can one find free checking account offers?

The best place to start the search for free checking account offers would be the local bank. Local banks typically compete with each other and offer incentives to open up a checking account with them. One of the potential incentives are free checking.

Do you have to be 18 to have a checking account?

Yes it is required by law that you are 18+ to have a checking account.

What is the average return on a checking account?

average return on a checking account is about 0.1