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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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17y ago

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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


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 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.


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

A US checking 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 be added to an existing checking account owned by someone else if you have been denied your own?

It depends on the bank. Some banks will allow this and others will still deny. Generally they will do a background check for any signers on the account.


What would happen if you put fake checking info on a site and the purchase was denied so you didn't get anything?

Nothing.


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.


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.