Checking Account No Chexsystems

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Are you trying to get a checking account, but you have bad credit and they are rejecting you? You are one of the many people who are entered onto the chexsystems list. The chexsystems list is used by over 80% of the total banks out there. They use it to share information on their customers regarding accounts that are in the negative. You are probably in this situation, and you are trying to get a no chexsystems checking account. Well, you are a little fortunate. You can get a checking account. In general, there are two ways that you can get a checking account. You can get one if the bank oversees the fact that you are on the list, and the other way is if the bank simply does not use chexsystems. This is definitely good news for you, because that means that you can get a new account even though you are listed as having bad credit.

In my opinion, the chexsystems list should not exist. Why do you ask? It is because the main reason it exists is because of the policies that banks have concerning overdraft fees. Your debit card should simply be denied if you do not have enough money in your account to handle the charge. But no, the banks want to make money. They allow your card to be processed, be put in the negative, and then charge you an insane non sufficient funds fee. These fee can range around $30. So when you only charge a 5 dollar item and you go negative, you get to pay a huge fee for such a small amount. These fees can stack on top of each other very fast, and it should be illegal the way the banks prey on people. Then when you cannot pay these insane fees back, they slap you on the chexsystems list so you can not get another checking account.

Like I said, despite your name being on the list, you can still get a no chexsystems checking account.