Chex-Systems-Removal
No discussion of Chex-Systems would be complete without accompanying information on Chex-Systems-Removal. Please be aware that ALL of our ChexSystems information (including non-chexsystems banks and online banks) is totally FREE. We do not charge for this information like other sites do. It is all FREE for your use. Tell your friends about it.
Also, newly added is a Brand New source that has a 100% approval rating [if you meet the simple criteria] and you can now have a real checking account, Even if you are currently in ChexSystems!
ChexSystems is a network that is made up of member banks and credit unions that contribute information to a central location concerning negative information on checking and savings accounts. This information is shared among the member banks and credit unions to warn them of bad check writers.
ChexSystems neither approves nor disapproves new accounts. These decisions are entirely up to the member bank or credit union. They are also licensed as a debt collection service to members that participate in their service. Members report the names and addresses of account holders whose accounts have remained unpaid. Every report that is submitted to them remains on file for at least 5 years, unless the source of the information requests that it be removed or Chex-Systems becomes obligated to remove it under applicable law. A reporting member is under no obligation whatsoever to remove an accurate report of account overdraft and/or non-payment.
non chexsystems banks online
Apply today for a bank account tomorrow
Non chexsystems banks are few and far between, but they are out there.
We have compiled a current (as of 2006) list of banks online that either overlook ChexSystems information or simply do not care about your past checking history.
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.
If you apply to one of these online banks and are rejected for a checking or savings account because of a ChexSystems mark, please let us know immediately so that we may update our current listing.
In a nutshell, you can either scour the website for non chexsystems banks or apply online for an account; unfortunately, these banks change their regulations frequently. The second method would be to apply for a real bank account and ATM card with a non chexsytems bank and be done with it. This way, you save time and effort and are guaranteed to get your checking account.
I have spent 14 years in the car business as a Finance Manager; specifically dealing with bad credit. I know what it's like to not have a checking account or ATM card because of a past mistake.
Article written by Alicia Guidry http://www.bad-credit-card-applications.com/Chex-Systems.html