Get Approved For a Second Chance Bank Account In The Non Chex System by Erika Finks

If you are on ChexSystems list and are in search of a second chance checking account, you have come to the right place. The majority of the people that find this article are in search of a new checking account. Quite frankly, many are in search of a checking account because they somehow landed on the dreaded Chexsystems list. If you are on Checksystems or have bad credit and have been stripped of your banking access, then there is a solution that is guaranteed and fast. Not only will you be presented with 2 reputable banks that offer second chance checking accounts, but you will also learn how you can get off of Chexsystems once and for all.

If you can't wait to get started, then immediately scroll down to the bottom of the page where we've provided access to a resource for second chance checking accounts. This source not only will provide you with 2 banks to choose from where you are guaranteed a checking account, but you will also get an easy to follow guide to getting out of Chexsystems.

For those of you who aren't so familiar with Chexsystems and what it is, continue reading and we'll break it down for you.

So, What is ChexSystems?

ChexSystems is not a bank. Also know as eFunds, they are a consumer reporting agency that reports information on consumers who have bounced checks, defrauded banks, overdrawn their bank accounts, have not paid their banks transaction fees or have had too many insufficient funds transactions. Banks use ChexSystems as a major source of information. After reviewing the ChexSystems information regarding your banking history, they then decide whether or not to approve you for a bank account, much like a creditor checks your credit before approving or denying you a line of credit. ChexSystems does not keep track of the good and wonderful banking habits you may have had over the years…only the bad ones. This is why many people feel ChexSystems is a poor and incomplete source of information for banks to base their decisions on.

While ChexSystems does not directly approve or deny bank accounts, if you are listed in the ChexSystems database, you will likely not get a bank account of any kind at any major bank. Nearly 90% of all banks in the United States use ChexSystems in their account decision process.

Despite the size and widespread use of ChexSystems, the company does not maintain a website and you will find it very difficult to find any helpful information from the company itself. They certainly do not make it easy for you to get the information you need to change your ChexSystems status. Many who have fallen victim to ChexSystems, either fail to dispute the erroneous details in the their report, or don't know the process and steps needed in order to check the system and get themselves off of the ChexSystems list. More on that shortly, but first, it's important to understand how you landed in this hellish nightmare.

How you may have landed on ChexSystems list

It is important to understand that all of the information in the ChexSystems database is reported by the banks themselves. All information reported from the banks is taken as true and correct, and no evidence or proof is needed, unless it is disputed by the consumer. If there is one thing you should remember it is that you do have rights and are entitled to know the information that is adversely affecting you. You are entitled to a copy of your personal ChexSystems report which will list any negative items banks have reported about you.

There are many types of issues that could land you in the ChexSystems database. Some of the many ways you may have ended up in ChexSystems include: bounced checks, an overdrawn account that has gone delinquent, defrauding the bank in some way, insufficient funds transactions, forged checks, writing checks on a closed account, opening an account with false information, or forgetting to close an unused account that incurs monthly fees, etc. These are the most common examples. The banks have their own policies on what gets reported and when. Some banks are more lenient than others and some banks will report you at the first sign of trouble.

The worst part about the whole system is that many of the banking issues reported are done by accident and were not intentional. Many times the information recorded is incorrect. Unfortunately, Chexsystems will not voluntarily send your report to you. This requires some initiative on your part to contact them and dispute any and all inaccuracies that may be present. Once on ChexSystems list you will be there for 5 long years. That is unless you go through the process of removing yourself from their list.

How does ChexSystems change my banking options?

• 90% of banks in the US will not give you a checking or savings account • If you already have one, your bank will likely close it • Without a checking account your ability to write checks will cease • Banks will not cash your checks • You will have to use your local check cashing store

Think about how many times per month we use these banking features. We pay our bills with bill pay or with our debit card. We send personal checks to the utility companies. We buy groceries using our debit cards and checks. We reserve airline tickets, shop online, and pay for our gas at the pump. Not if you're on ChexSystems…cash and money orders are about the only two options you've got.

Given that you have found my webpage, I assume that the above scenario is all too familiar to you.

So what can you do while on ChexSystems?

1. You can get immediate relief, and the good news is, there is something called a second-chance checking account. It is a checking account and has many of the typical banking features that you have come to expect out of a checking account. The great part is that your approval is guaranteed. As an added bonus you'll get two applications to choose from.

2. You can get started with the process of removing yourself from ChexSystems list all together. Why wait for 5 yrs? With this baby step guide you will be taken by the hand and shown how you can take control of your situation and get off Chex for good. Go to www.squidoo.com/non-chex-system

About the Author

Let's see...about me: I really love helping people solve problems. My friends all know they can call me and I'll do hours of research for them to help find an answer. I guess it's just that I have an overactive inquisitive side to me. Maybe I should have been a detective or lawyer? I have a WIDE range of interests and I'm truly looking forward to making great articles that help people solve problems. I hope I can provide you with some new and unique solutions. Stay tuned!


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Internet BankBankingBanking SoftwareMortgage BankingmorgagesUK Bank AccountsHalifax Business BankingBanking KioskFinancial AdviceIntelligent FinanceAbbeynational BankingFinanceCheap MortgageBusiness Bank AccountsOffshore BankingLloyds Business AccountInternet BanksOnline BankBusiness DirectoriesAbbey Bankingre financeHome BankingTesco BankingOnline BankingInternet BankingMortgageCibc Internet Bankinguk bank accountTravel InsuranceCredit ScoreProfessionsAir