How to Get a Bank Account When You’re Listed on ChekSystems – Tips
When working on credit repair, re-establishing a checking account is an important step. A checking account is used as a basic measure of credit-worthiness. Plus, many creditors will insist on directly debiting payments while you are settling old debts, which means you’ll need the account. If you’ve bounced checks, overdrawn accounts, or closed a checking account with a negative balance, you may get turned down when you try to open a new account. Most banks use a verification system called ChexSystems that keeps track of past negative records. But, even if you have been listed in ChexSystems, it can still be possible to open a new account.