How to Open a New Saving or Checking Account while you are On ChexSystems?

1. How to Open a New Saving or Checking Account while you are On ChexSystems. ChexSystems: ChexSystems is a banking reporting agency that collects information about your banking history including your saving accounts or checking accounts. The agency preserves your banking activity which banks and credit unions organizations can use to calculate whether to approve your application to open new savings or checking accounts. ChexSystems Works: Whenever you apply for a new savings or checking account the bank or credit unions will check your name in Chexsystems report to identify to approve your applications. If your report shows anything that causes the financial institution to view you as a risky customer and, then they refuse your bank account. ChexSystems create a report with the information to show your account history and activity.

2. * Forced account shutdown * Over drafting or bounce checks history * Unpaid negative balances * Owe Cash from banks * ATM, card or account abuse * Identify or suspected fraud * Number of accounts applied for recently Open a New Saving or Checking Account: Usually for 5 years you are on a Chexsystems report. But it doesn't mean you cannot open a new bank account. There are some banks and credit unions that offer second chance bank accounts. These accounts are usually designed for the people who can’t get approved for a checking or saving account due to the ChexSystems report. Second chance banks in North Carolina may charge a minimum fee to open a new account with limited services.