Tuesday, February 3, 2009

Bank Denied?

Have you tried to apply for a checking account at a bank and their response was a polite, but firm “NO?”

Any of the following account activities can cause banks or other financial institutions to decide against opening an account for you.

  1. Multiple overdrafts

  2. Account closures

  3. History of unpaid non-sufficient funds

Now What?

There are consumer reporting agencies where financial institutions report individuals with bad checking practices too. ChexSystemsSM is one of the more well-known agencies.

If your name has been reported to CheckSystemsSM, it is because you have a closed overdrawn checking account that you still owe money on. You will need to contact the institution directly and pay them off to clear your name. If you are not sure where your delinquent account is, you can contact CheckSystemsSM directly and they will provide the information to you.

In the meantime…

Get Ready for Yes

Nevada Federal is a little more understanding of past checking problems. Our New Start Checking account gives responsible people that have had some checking mishaps in the past another chance with a checking account.

You can open a New Start Checking account in a few easy steps.

  1. If you know that you have been reported to ChexSystemsSM, we require you to resolve outstanding deficient balances of $1,000.00 or more at any financial institution.

  2. You’ll need to find out if you are eligible to join NFCU.

  3. You’ll need to visit a branch to apply.

Visit us at newstartchecking.com or at nevadafederal.org for more information.

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