Been Denied for a Bank Account Recently? A Bad Chex Systems Report is Most Likely to Blame.

According to Wikipedia, Chex Systems is an, "eFunds check verification service and consumer credit reporting agency like Experian, Equifax and TransUnion. While most credit reporting agencies broker data about how a consumer handles credit relationships, Chex Systems provides data related to how a consumer has handled deposit accounts at banking institutions."

In a nutshell, you have currently have or have ever had a checking or savings account through a bank, and have written a bad check or been slapped with an overdraft fee due to insufficient funds or NSF in the past, most likely that negative activity has been reported to Chex System. Over 80% of all banks in American utilize Chex Systems, and the majority of them will not open a new deposit account, either saving or checking account, for any individual that has a negative item reported.

Unfortunately for consumers, unlike traditional credit bureaus which report good and bad history, Chex Systems only reports negative banking transactions and does not provide a score, like traditional credit bureaus, making it virtually impossible for people with past banking problem to open a new bank account. The good news is that if the reason you were denied to open a bank account was because of a bad Chex Systems report, the bank must disclose this information to you, and you can obtain a free copy of your Chex System report and dispute any claims.

But for many individuals fed up with Chex Systems and traditional banks, prepaid debit cards are becoming their preferred financial partner. Prepaid debit cards act very similar to traditional debit cards, in the fact that they are accepted virtually anywhere in the world, allow you free online access to track your expenses and pay bills, and employers can directly deposit funds or wages onto your card instead of issuing you a paper check. The positive difference is that you don't need good credit history and/or Chex Systems report to be approved, and more importantly, you will NEVER be charged insufficient funds fees because purchases that are more than the funds you have available will not be processed.

Our program is automated, instant and fast. Offering $1,500 Cash in as fast as 1 Hour!

Safe and Secure

At MoneyNowUSA.com - We work hard to protect your personal information and privacy. We use VeriSign 128 bit encryption technology to ensure that the transfer of your data is safe. Our HTTPS protocols make certain that your personal information, like social security and bank information, is completely protected. We are supported by: