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#1 tmcgill

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Posted 20 September 2017 - 12:33 PM

Lots of sites popping up with "non-Chexsystems" and "second chance banking". Keep in mind that some of those posted banks will run Early Warning Services, Telecheck or get a FICO score before they approve. Also, banks often change their approval systems if they have gotten a lot of checking charge-off accounts.


Checking accounts are used to acquire new customers they can offer other profitable services to: Mortgage Loans, Auto Financing, Savings, Investments, etc.


Remember our periodic reminder to keep backup systems in place. An account freeze or lock can occur even if your Chex file is clear.

Don't put all of your funds in a single bank. Keep savings and emergency funds in a bank strictly for that purpose. I also separate household bills and point-of-sales purchases in different accounts. If fraud occurs from an in-person transaction, it won't affect my monthly bill payments.


(I use Google Wallet to transfer funds between accounts. It is a free service intended for occassional, non-business transactions. I've found it easier to use without all the security glitches I experienced with Paypal.)


Possible Freeze or Closure Triggers:

1.  Loss prevention determines some of your debit card charges violate the account agreement. (On-site gambling transactions, etc.)

2.  You deposit checks from another bank they've experienced a high volume of fraud with.

3.  EWS or Chex sends them a new alert about your information.

4.  Your banking patterns change; large deposits, possible check kiting patterns, suspect transactions.

Edited by tmcgill, 20 September 2017 - 12:41 PM.

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