How To Open A Current Account Online If You Have Been Reported To Chex Systems

ETFFIN Finance >> Finance Course> >> Personal Finance >> Budgeting How To Open A Current Account Online If You Have Been Reported To Chex Systems Open an Online Current Account if You Have Been Reported to Chex Systems If you have been reported to Chex Systems, you know how difficult it can be to open another checking account. This article will show you how to open an account regardless of your credit score or Chex System status. Step 1 If you are reading this, you most likely know what the Chex System is and how difficult or impossible it is to open a checking account with a new bank. This article will show you how to open a checking account whether you have been reported to Chex Systems or have bad credit. Step 2 There are some non Chex Systems banks that offer checking accounts that don't check or use Chex Systems like Credit Unions but often they will withdraw your credit. If you have bad credit then your chances of getting a second chance checking account are slim. You may be able to open a savings account but our goal is to get a checking account. Step 3 The best place to get a non-Chex System checking account is Bank of America. Bank of America is one of the largest banks in the country and you will be able to get a checking account and a Visa debit/check card. The key is to follow the steps below and DO NOT go to your local branch to open an account. Step 4 Disclaimer: I am in no way affiliated with any bank or lending institution and receive no compensation from any of the banks mentioned. My goal is to help those of you like me who need a checking account and can't find one because it was reported to Chex Systems. The steps here to get a checking account are in no way deceptive, immoral or illegal. You should be aware that if you mess up this new account, Bank of America WILL report you to Chex Systems. Step 5 YOU MUST OPEN YOUR ACCOUNT ONLINE! Go to http://www.bankofamerica.com/deposits/checksave/ and click "Open Account" in the Check My Access section. Step 6 Select your account. Check the box "My Access Check" This account is free with no direct deposit or minimum balance requirements. It is also a good idea to open a savings account at the same time. Bank of America offers a "Save Changes" program where they collect every check card transaction and deposit the difference into your savings account automatically. It's a great way to save! Step 7 Next you must fill out a form with you and your co-applicant's personal information. Then click continue. Step 8 You will then be taken to the &verification alert page. Read all disclosures, check the box confirming you have read them and click "Submit Your Application" Step 9 You will see "Processing your request screen" and then a screen confirming your application will appear. It says you will be notified by email within the next two business days, don't worry, this is standard practice. Step 10 Click "proceed to Deposit" You can use your existing debit card or transfer from another checking account if you wish. If you don't want to fund your account right now, just exit the opening deposit. Step 11 You should now be on the app overview page. Print this page for your notes. Step 12 You will receive your account number, online banking instructions and signature card in the mail within 7 - 10 days. You will get your Check Card in about 10 days. The PIN and card are sent in two different letters. Step 13 Once you get your account number, you can go to your local branch and make a deposit (unless you have already done so online). Step 14 Once you have signed up for online banking, you can order your check online. Step 15 Remember to diligently take care of this account! You should be aware that if you mess up this new account, Bank of America WILL report you to Chex Systems!