Checking Accounts Without Chexsystems
Non Chexsystems Banks
What is chexsystem?
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A Second Chance Checking Account is necessary if you have a record on ChexSystems or having difficulty opening a new checking account. Unfortunately, if you are on ChexSystems you are practically blacklisted from over 80% of all banks and credit unions throughout the country. The good news is in most cases, based on a simple approach, you can be removed from ChexSystems and/or secure a new second chance checking bank account within a short time frame.
How to Obtain a Non ChexSystems Bank Account Without Being Scammed
Non chexsystems banks are few and far between, but they are out there. Online banks are nearly as convenient as a local bank, especially if you have Direct Deposit. With most online non chexsystems banks, you also receive a VISA or MasterCard ATM/Check Card. These debit cards can be used to get cash from ATMs and to make purchases. You can even avoid ATM transaction fees by using the card to get cash back at U.S. Post Offices, grocery stores, and many other retailers.
What to do if your reported to the Chex System?
The primary difference between a debit card account and a checking account at your local bank is that with a debit card account you are not issued a set of paper checks. Instead, with a debit card account, you will write your checks, and pay your bills, electronically using a bill payment service.
Where can I get a checking account if I am on the Chex System?
There are several banks On-Line that claim to give checking accounts to individuals who are on the Chex System, but none of these were ever heard of by our staff and therefore had no creditability, so we did not list them on this site. We are however, heard of four reputable banks that include U.S. Bank (50/50 chance of approval), Bank Of America (has a high success rate to get approved, but make sure you apply On-Line.),WaMu (Washington Mutual has a 50/50 chance to get approved.).
Where can I get a free copy of my Chex System report?
You can decide to live without a bank account, and pay the extra expenses and deal with the inconvenience of using Check Cashing stores, Money Orders, and using cash for most transactions. You can try to get off the ChexSystems list (which is not impossible, but can be confusing and difficult for most people). You can search around for a bank that doesn’t use ChexSystems and that will allow you to open an account even though you are on the ChexSystems list.
How consumer report about ChexSystems?
Each report submitted to Chex System remains on their files for five years, unless the bank or credit union that filed the report requests its removal or Chex System becomes obligated to remove it under applicable law.
How to get off ChexSystems?
Obviously the best scenario is if your name and record were completely deleted from their database. Depending on individual situations, for some people this may not be as difficult as you may think.
Who is chexsystems?
A retail grocer who was tired of getting bad checks, came up with the ideal, and originally created what is now know as ChexSystems. He recognized business institutions needed a way to share information to help stop account abuse and fraud.
By: Lewis Lee
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