By In this post, we are going to discuss how easy it is to find bank accounts for people on ChexSystems. If your credit history is not too great or if you have had some problems at a bank before, chances are you cannot get a normal bank account. It is not like it was years ago when banks would just give anyone with a $50 deposit a bank account. Times are tough and more people are defrauding banks. Even everyday people like me and you can get caught up in the financial downturn. You only need to overdraft your account by one dollar before they slap a bunch of fees against you and close your account.
The defrauding of the banks is what is making them a lot stricter when opening accounts for new customers. Even if you were on ChexSystems, you could still open a normal bank account a few years ago. At this point, almost no one on ChexSystems can open an account, even if you have a $1000 deposit to put down. This is why bank accounts for people on ChexSystems are becoming more and more popular. These types of bank accounts do not check your credit history or even see if you are listed on ChexSystems. These types of accounts do have a few more rules in place, but they are to keep you from over-withdrawing your account. This protects them and you from any unnecessary financial burdens.
There are a few disadvantages of using bank accounts for people on ChexSystems. They tend to usually have slightly higher fees than normal bank accounts. When I say slightly higher, I mean it might be $1.50 to use your debit card at an ATM instead of a $1. Sometimes, they have a monthly fee to have the checking account. However, this is not unheard of, most of the normal banks now charge anywhere from $8 to $25 monthly for a checking account. This is really the only downside to these types of checking accounts. You can still get direct deposit and use online bill pay. You still get a normal debit card to use for your daily purchases and you can even get checks to pay any bills that you can’t pay online.
Bank accounts for people on ChexSystems is very close to having a normal bank account. When you are looking for one of these accounts, you should look for an online bank. They should post all of the fees for you to see on one of their website pages. They should also let you sign up for free, so that you can see how the bank works. These are all the things you should consider when you are looking for a non ChexSystems bank account. You should make sure that you check out all of these things before you deposit money into the account. You do not want to find out a week later that they took money out for some fee you didn’t see when you signed up.
A good way to get a new checking account is to find a bank that offers a second chance checking account program. A number of banks have this type of checking account for people who have had a tough history with bank accounts. Not all second chance checking accounts are free, but if you are able to find one that is free or has a low monthly fee, then you are in luck. Most of the second chance checking accounts offer you the ability to write checks and use a debit card. You have to make sure to keep a good record and never fall close to a zero balance in your bank accounts, because it is not good news if you end up getting insufficient funds fees with a second chance checking account. The reason is because they might close your account if you end up getting them. It will be good to keep at least a few hundred dollars in your checking account, and then you could pretend that it is not in there, so you do not end up touching it. At perfectfinances.com, you can fine those ChexSystems free financial institutions in Michigan, US and continue taking the advantage of financial services.
