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Chexsystem & Second-Chance Accounts have Exclusions

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I've had several problems with Chexsystems and looked into opening a second chance bank account with Andrews Fed Credit Union and PNC. Both banks supposedly have the best second chance programs, but what isn't advertised are the exclusions.


#1 - Yes, you can get open up a 2nd-chance bank account with those institutions as long as the total amount(s) reported by Chexsystems is less than $500. There is no room for leniency; a dollar over and you're out of luck.


But I must say, the new account rep was friendly, non-judgemental and advised to just send money towards the accounts listed because at least it shows that you are trying to rectify your past actions, and perhaps some banks will look at that favorably.


#2 - New account reps use automated software to open these accounts but those new accounts still get run through their fraud dept. If you are listed on the proprietary EWS - early warning system, then they will close the account typically within 14 to 30 days. Only the larger banks are using this system now because they charge so darn much. I guess that why so many people get that letter about a closure after they've successfully opened the account.


Such a waste of time going to open these advertised accounts only to find out they have exclusions.


#3 - By now, everyone probably knows to refute anything listed on Chexsystems, but did you know much of that information is created out of thin air? Chexsystem has 2 bank accounts listed on their in my name, but not only have I never had accounts at those banks, but both banks verified to me that there is no such account.


There has never been an account listed in my name at those banks;

There is no account with those numbers at the bank(s);


No one knows where Chexsystems got this information and they have the nerve to still have it listed??



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