Online Checking Accounts that do not use Chexsystems

[theworldismine13]

Online Checking Accounts that do not use Chexsystems
http://rebuildcreditscores.com/online-checking-accounts-that-do-not-use-chexsystems/

Online banking is gaining in popularity. It is convenient, hassle-free and safe. Not having a bank account is costly. You need a place to deposit or cash checks, pay bills and save money. Open an online free checking account that does not use ChexSystems today.

Scottrade Bank


To open a Scottrade Bank Account you must first open a Scottrade individual brokerage account with a minimum of $500. Once the brokerage account is open you are not required to maintain the initial $500 deposit. You can transfer it to open the Scottrade Bank Account.
Scottrade Bank is an online bank that does not use ChexSystems. Customers get free checking, direct deposit, online bill pay, free checks and ATM fee reimbursement. Scottrade Bank also offers Savings accounts, Money Market accounts and CDs. You can transfer the money from your Scottrade brokerage account. Get started today!

Capital One 360 Checking Account


Earn a $50 bonus when you open a Capital One 360 Checking Account. Capital One 360 does not use ChexSystems. As part of the application process Capital One will “soft pull” your credit report but it will not impact your credit score. If you choose the Overdraft Line of Credit feature a “hard pull” will be done to determine the limit. The only drawback is Capital One requires you to link to an existing checking or savings account from another bank.
There is no minimum deposit required to open a checking or savings account. Checking accounts come with a MasterCard® debit card and free access at over 38,000 Allpoint® ATMs. Customers also enjoy free online bill pay and the first checkbook is free. Use Capital One 360’s mobile app or your computer to deposit checks from anywhere. Open Now!

TD Ameritrade Cash Management Account


Consider a brokerage account. TD Ameritrade is not a traditional bank account but a brokerage firm. If you are in ChexSystems or Early Warning Services you may want to consider this type of account. They do not run ChexSystems or EWS. Open the brokerage account first then choose the Cash Management Account option. There is no minimum deposit required.
The TD Ameritrade Cash Management Account comes with a Visa debit card, unlimited check writing, direct deposit and online bill pay. There are no fees associated with the Cash Management Account and no minimum deposit required to open the account. Open an account today!

USAA Secure Checking Account


USAA does not use ChexSystems but membership is limited. If you are current or former military (retired or veteran) which includes the Guard and Reserves you can join. You are also eligible if your parent or spouse currently has or had a USAA account. Former spouses and widows are also eligible. USAA is a great full-service bank offering many financial products. USAA has a variety of credit card products for members with credit problems even a secured credit card that ANY credit type will get approved.
The minimum opening balance is $25 for the Secure Free Checking account and $25 if you want to add a savings account. Open an account today!

An online checking account may actually help consumers with a Chexsystems record as online management tools allow customers to see the full account details at any time. With instant alerts and updates it is easier to keep up with transactions and avoid mishaps that may land consumers in Chexsystems.

 

[无名的]

The fukk is the point of this? You getting paid for this?



Anyways... I have Capital One 360. I like it. The only hassle is not having a physical branch to deposit cash, although I never really get paid in cash. I think they're solving that with the ability to deposit at their ATMs in the near future, if they haven't already done it.

Relative to the other shythole banks, they pay nice interest on savings.

 

[88m3]

Is there a reason why I need to avoid ChexSystems?

 

[theworldismine13]

yeah if you are on chexsystems it means you cant open up a bank account

 

[88m3]

yeah if you are on chexsystems it means you cant open up a bank account

Sorry, what?

 

[Big Blue]

Sorry, what?

If you have negative balances for too long, excessive overdraft fees, etc. then the bank closes your account and submits your info to ChexSystems. Most major banks check it before opening a checking account. It's like Equifax for banks.

 

[¯\_(ツ)_/¯]

If you have negative balances for too long, excessive overdraft fees, etc. then the bank closes your account and submits your info to ChexSystems. Most major banks check it before opening a checking account. It's like Equifax for banks.

Yeah pretty much.

But if that balance stays negative for years and years then it goes to collections. Something customers should consider.

 

[wheywhey]

Thanks OP, valuable information for those of us in the US. People who are "unbanked" aren't able to build savings. A lot of the victims of Hurricane Katrina said that they had money stashed in their homes because they didn't have checking accounts. Of course that was lost in the flood.

 

[Jutt]

USAA

 

[Sugarbush]

Good thread

 

[Blackking]

It is a good thread... some people have issues from their youth that fukks them up.

Ive even tried to add people to my accounts and they could get on cuz of some late fee with a bank