Banks now require good credit to open checking account

[coinmaster32]

<div class="bbWrapper">Bank of America, Ally, and other banks are now REQUIRING people to have good credit to open a checking account.<br /> <br /> When contacted about this issue, it appears that banks NO LONGER WANT TO BE HELD LIABLE for negative accounts.<br /> <br /> It now really starting to look like a coffee can is the best bank around!</div>

 

[markfp-1]

<div class="bbWrapper">Thee are plenty of smaller regional and local banks and credit union that will be happy to open an account.</div>

 

[Islandguy43]

<div class="bbWrapper">Being a Board Member on a Credit Union; seek out a nearby Credit Union and you will be amazed at the service and little if any fees charged by a &quot;Member Owned&quot; organization.</div>

 

[Bobby]

<div class="bbWrapper">I&#039;ve used Credit Union banking for nearly 30 years. It just works without all the BS...</div>

 

[Peter Parker]

<div class="bbWrapper">I usea cerdit union as well (NFCU)<br /> <br /> <br /> but they too seem to runa credit check for just about everything. I am unsure if they ever refuse someone in the field of membership but they do check.</div>

 

[bhelms]

<div class="bbWrapper">I believe this is inevitable. I&#039;m guessing folks with &quot;bad credit&quot; tend to have limited resources, and banks really don&#039;t want to deal with that clientele even tho&#039; the fees they are more likely to incur are profitable. Larger banks want to steer clients to their ancillary services like portfolio management and estate planning; folks with bad credit are less likely to need either...at least not until they&#039;ve regained some assets and with that, a better credit standing...<br /> <br /> As for me...I gave up dealing with a larger bank (PNC in my case, that had absorbed my smaller local bank) when they jacked their fees. I moved to a CU about 25 years ago and have never looked back, including vehicle loans and even my refi...</div>

 

[televisionarchives]

<div class="bbWrapper">Use a Credit Union.While I&#039;m no fans of Banks, I&#039;m glad in a way. It will keep people with bad credit out of the banks. I&#039;ve had people write checks to me knowing that they don&#039;t have the funds to cover it. Check Writing will be a thing of the past soon anyway. I might write about 8 checks a year.</div>

 

[Islandguy43]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="Geronimo" data-source="post: 2670056" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/xen/goto/post?id=2670056" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-2670056">Geronimo said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I usea cerdit union as well (NFCU)<br /> <br /> <br /> but they too seem to runa credit check for just about everything. I am unsure if they ever refuse someone in the field of membership but they do check. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> They do run a check to see if a member has passed numerous bad nsf checks etc. If one comes up with a negative response from the &quot;check systems&quot; ( the company that looks into the members past dealing with a checking account); we won&#039;t refuse a checking account but will put a limit and/or hold on their transaction for a trial periods (usually 6 months) until the member proves that have established a stable financial situation.</div>

 

[patrick80639]

<div class="bbWrapper">Chase offers checking accounts to people with bad credit, it&#039;s $10/mo, though. But hey, better than nothing.</div>

 

[BengalsFan24]

<div class="bbWrapper">i wonted to coment on this i thank it is impotent to understood that banks now hier risk than ever ben befour and stand to loose lots of money. i thank it is why they now rayquire the credit check becose they wont to be certsain that they are opaning acount for rite person. but just check with credit onion they shoold be able to assest farther thank regular bank.</div>

 

[KE4EST]

<div class="bbWrapper">There were banks here doing that a few years ago. I know a couple of people with not so good credit and was denied a checking account.<br /> <br /> Also, same here Credit Unions are far less hassle in most cases.</div>

 

[lakebum431]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="BengalsFan24" data-source="" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> BengalsFan24 said: </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> i wonted to coment on this i thank it is impotent to understood that banks now hier risk than ever ben befour and stand to loose lots of money. i thank it is why they now rayquire the credit check becose they wont to be certsain that they are opaning acount for rite person. but just check with credit onion they shoold be able to assest farther thank regular bank. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I heard that they are going to start running spell check on checking account applications. Watch out! <img src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f642.png" class="smilie smilie--emoji" loading="lazy" width="64" height="64" alt=":)" title="Smile :)" data-smilie="1"data-shortname=":)" /></div>

 

[Bobby]

<div class="bbWrapper">Leave Bengal alone, he has history.....</div>

 

[navychop]

<div class="bbWrapper">Ditto.</div>

 

[DodgerKing]

<div class="bbWrapper">We looked into credit unions, but the issue is the closest one to us is about 10 miles<br /> <br /> Sent from my iPad using SatelliteGuys</div>

 

[televisionarchives]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="DodgerKing" data-source="post: 2681460" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/xen/goto/post?id=2681460" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-2681460">DodgerKing said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> We looked into credit unions, but the issue is the closest one to us is about 10 miles<br /> <br /> Sent from my iPad using SatelliteGuys </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Mine is in Maine. I still use it. You can just mail your checks in. I never went into a bank anyway.</div>

 

[Bobby]

<div class="bbWrapper">I can actually just scan checks and upload them at my credit union....</div>

 

[TNGTony]

<div class="bbWrapper">Now that is a cool feature!</div>