Living Without a Bank Account? 3 Reasons to Consider Second Chance Checking
A bank account is a must-have item for any modern consumer.
Along with access to public transportation (like a car, train, or bus), a mobile phone, and at least a few dollars to your name - you basically need a bank account to be considered a normal consumer.
Be that as it may, there are millions of people are unnecessarily living without a bank account.
The vast majority of these folks are hard-working people with jobs.
Others are retired and receive a pension or other retirement monies.
But, somehow they are not able to get a bank to approve them for a new checking account.
The Reason So Many Live Without A Bank Account For 99% of the people who have tried but could not get approved for a new account, the reason for their rejection has nothing to do with their credit score (as many mistakenly believe at first).
Rather, it has everything to do with something called Chex Systems.
Chex Systems is basically a database that most banks use to share information with each other about customers whom they deem to be a risk in terms of being a good would-be banking customer.
If you have been having trouble getting approved for a new account, it is likely that Chex Systems is to blame.
Your name could be there for any number of reasons.
Unfortunately, it is very difficult to get one's name removed from Chex Systems.
Many have tried, few have succeeded.
Once your name is there, it is hard to get your name removed again.
Luckily, there is another option if you want to get approved for a new checking account: find a second chance checking bank.
Another Option: Second Chance Checking Second chance checking banks are banks that promise to never refer to Chex Systems when considering you for a new bank account.
They are in business primarily to serve folks like you: those who could not get approved at another bank.
If you are living without a bank account, here are 3 reasons you should consider opening a checking account with a second chance checking bank: 1.
Second chance checking banks are completely identical to other banks in every way - except that they will not refer to Chex Systems when considering your application.
Meaning, approval rates are nearly 100%.
2.
You can find these very helpful banks in every part of the country.
3.
You can apply online in most cases, so the application and approval process is a snap.
Second chance checking is an excellent option if you are currently living without a bank account.
Along with access to public transportation (like a car, train, or bus), a mobile phone, and at least a few dollars to your name - you basically need a bank account to be considered a normal consumer.
Be that as it may, there are millions of people are unnecessarily living without a bank account.
The vast majority of these folks are hard-working people with jobs.
Others are retired and receive a pension or other retirement monies.
But, somehow they are not able to get a bank to approve them for a new checking account.
The Reason So Many Live Without A Bank Account For 99% of the people who have tried but could not get approved for a new account, the reason for their rejection has nothing to do with their credit score (as many mistakenly believe at first).
Rather, it has everything to do with something called Chex Systems.
Chex Systems is basically a database that most banks use to share information with each other about customers whom they deem to be a risk in terms of being a good would-be banking customer.
If you have been having trouble getting approved for a new account, it is likely that Chex Systems is to blame.
Your name could be there for any number of reasons.
Unfortunately, it is very difficult to get one's name removed from Chex Systems.
Many have tried, few have succeeded.
Once your name is there, it is hard to get your name removed again.
Luckily, there is another option if you want to get approved for a new checking account: find a second chance checking bank.
Another Option: Second Chance Checking Second chance checking banks are banks that promise to never refer to Chex Systems when considering you for a new bank account.
They are in business primarily to serve folks like you: those who could not get approved at another bank.
If you are living without a bank account, here are 3 reasons you should consider opening a checking account with a second chance checking bank: 1.
Second chance checking banks are completely identical to other banks in every way - except that they will not refer to Chex Systems when considering your application.
Meaning, approval rates are nearly 100%.
2.
You can find these very helpful banks in every part of the country.
3.
You can apply online in most cases, so the application and approval process is a snap.
Second chance checking is an excellent option if you are currently living without a bank account.
