Non ChexSystems Banks In Los Angeles | LA Second Chance Checking Accounts
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Non ChexSystems Banks In Los Angeles | LA Second Chance Checking Accounts
Are you a Los Angeles resident who’s trying to open a bank account but is unable to because you’ve been reported to ChexSystems? Well depending on what your requirements would be, and your specific situation, there are several options that are available to you.
Did you get reported to ChexSystems because of fraud?
If that’s the case, then you will have a very hard time finding a bank that will agree to do business with you. Even some of the prepaid debit cards may decline your application.
Did you get reported by mistake?
Learn how to dispute a ChexSystems report.
Did you get reported to ChexSystems because of unpaid overdrafts?
If you have an overdraft that you haven’t paid for, the bank will close your account and send your information to ChexSystems.If you find yourself unable to open new accounts because of this, you need to go to the bank that reported you in the first place; they’re the only way for you to get out of ChexSystems. Explain what happened and offer to pay for what you owe, but in exchange they must agree IN WRITING to write ChexSystems and ask that your name be removed. It’s very important that you get their agreement in writing because they may not follow up.
If you paid the overdraft and are waiting for your name to be cleared on ChexSystems’ database, you can ask the bank for proof that your debt is paid off. Some banks will agree to open an account for you even if your name is showing on ChexSystems, as long as you can prove that you don’t owe money to another bank.
How long has it been since you were reported?
Your information stays on file for five years. If it’s been four years and you only have one year to go, maybe it’s best that you wait it out.
What are my checking account alternatives in Los Angeles?
If all else fails, you can use a prepaid debit card as a checking account alternative. There are many of them that will give you most of the features you would get with a regular checking account: Western Union, Ace Elite, Rush Card, Walmart MoneyCard, Amex Prepaid, and so on.
Why can’t we give a list of L.A. banks that don’t use ChexSystems?
The first reason is that, from a logistical point of view, that would be a nightmare. Banks change their policies all the time and the sheer number of them would make such a list so hard to maintain that there’s no way it could be priced in a way that makes sense for both the customers and the people that make it. Lists that you see marketed online are just bogus lists copied from Yellow Pages and other sources and pasted.
The second reason is that many banks may actually open bank accounts for people on ChexSystems but would rather not advertise it, because it’s something they do on a person to person basis, and they don’t want it to get out of hand. With the number of people in financial trouble, non Chexsystems banks are in high demand these days.