Friday, December 25, 2009

Which banks do not use chexsystems?

Chexsystems covered almost more than 80% in all financial institution (according to chex systems data).So when people ask you Which banks do not use chexsystems?There is still a chance for good answers.There is still existed some small credit unions and few smaller and less popular banks that do not use chexsystems when verifying new checking accounts.It a good news to those who already being banned/blacklist by banks and really need a checking account.If you look out for those 20% banks that do not use chexsystems, you will find it and grab the chance.

For a list of good and valid bank list that do not use chexsystems, you can search within this blog content.I previously post about it and i will in future.It was also new trends that larger banks like Citibank, Bank of America, US Bank and others.These banks had starting to ignore record that filed more than two years.It is said related to the Federal Reserve's inquiry into ChexSystems.

Wednesday, December 23, 2009

Why do everyone needs a prepaid debit card?

Check cards and credit cards are great. They allow you to spend your money more easily, and also give more freedom to buy what they want and need without worrying about how much money you have a credit line as it were. However, there is something to be said for the prepaid debit card. It's a great money management tool, if you have other credit or debit card or not. The glory of the cards is that you can load only with the money you want to invest in an expense and then they will not risk spending more. You can also use to pay bills online, so your bank account information is not compromised.

Most web sites are very safe these days, but identity theft remains a problem. With so many businesses accept online payments for utilities and other bills, having a card with less risk of losing their purpose. Think of it this way. If you pay your electric bill online for $ 125, and someone hacks into the site or your computer and steal your information, you could risk losing everything in your checking account or have their credit card maximum out. This is a rare occurrence, but not to make you feel better put that money into a prepaid debit card and spend as you need? Then when the money is gone, if someone steals your information and try to use the card, you can simply cut and a new one, without loss of its financial situation.

Many people think that prepaid debit cards are reserved for those who can not obtain other cards or for neither? You are being taught that financial responsibility. The truth of the matter is that there are many uses for prepaid debit cards no matter who you are or why you use it, because there is something for everyone. When it first appeared, prepaid cards have high fees for loading money on them and maintaining certain balances. But now there are plenty to choose the cards that are completely free, including ATM withdrawals, and the addition of funds.

There are many credit cards that have been incorporated in programs to promote the card, so that when used properly and managed well, it helps your credit rating over time. That does not work as fast as a credit card, but better than nothing when you are limited in their options. In general, services of prepaid debit cards are great for anyone who wants more control over their money or need a way to spend wisely without carrying cash around too much.

Friday, December 18, 2009

Chexsystems removal-Example Dispute letter

Whenever we are talking about chexsystems banks, we might also want to know if there is a way to get out of the chexsystems list.Or in another words, an alternative way of chexsystems removal which is through a chexsystems dispute letter.A dispute letter is one effective way to get out of the chexsystems.If you already got your chexsystems consumer report, look at it carefully.Find if there is any errors.If there is any errors, you have a bright chance to get out of the chexsystems.

You can actually send a dispute letter to chexsystems and ask them to remove the errors.By removing the errors,chexsystems clean the report and you might be able to clean up your name too.You then can get a any checking account bank you desire.

Ok, if you are wondering how to write a chexsystems dispute letter, here's some favor.Here’s the sample. If you have questions, add a comment below and we’ll try to help.

Sent Via Fax to 602-659-2197
Date: ———
Chex Systems, Inc.
Attn: Consumer Relations
7805 Hudson Road, Suite 100

Woodbury, MN 55125 RE: Request for Reinvestigation for John Doe Consumer ID: xxxxxx

Dear Sirs/Madam:

I recently received a copy of my ChexSystems Consumer Report from you. The date of the report I received is _______. I have carefully reviewed the report, and discovered one or more errors in the report.

This is a request that you investigate the following items that appear on my ChexSystems Consumer Report, and take appropriate steps to correct the errors:

[X] The following personal information about me is incorrect:

Erroneous Information Address is shown as: 55 Oak St, York, PA 02333 Phone is shown as: (434)234-2323

Correct Information My correct address is: 123 Main Ave., York, PA 02333 My correct phone is: (434)883-8372

[X ] The following “Reported Information” item(s) are inaccurate:

Source of Information: Jonestown Bank Erroneous Information: Account # 2342343 This information is inaccurate. I never have had a bank account with Jonestown Bank.

Source of Information: First Bank of PA Erroneous Information: Unpaid debt of $193 This information is inaccurate. Although I did have a balance due with First Bank of PA, I paid the debt on 1/1/2007. I am attaching a copy of my check dated 1/1/2007 for $193. Please mark the debt as paid in full or remove the item.

[X] The following inquiries are more than three years old and should be removed:

Inquirer’s Name First Bank of USO Second Bank Date of Inquiry 1/1/2004 10/1/2004

[X] The following inquiries were not authorized: Inquirer’s Name “Sample Bank”

Date of Inquiry: 5/1/2007

Explanation: I never applied for an account at “Sample Bank”

[X] The following information is over 5 years old, and should be removed from my report:

Source of Information: Second USA Bank

[X] Other incorrect information:

My ChexSystems Consumer Report indicates that I ordered checks on 7/1/2007. This is incorrect. I did not have a checking account at that time, and have not ordered any checks recently. The accuracy and completeness of the information contained in my ChexSystems Consumer Report is extremely important to me. Each of the items noted above is either inaccurate or incomplete, and I understand that you will carefully check each item specified above. I also understand that you will confirm the accuracy or completeness of the information above with the entity that reported the information to ChexSystems.

I expect that ChexSystems will remove any information that the reporting entity(s) cannot verify and will modify any information that is incorrect or incomplete. I further understand that under 15 U.S.C. Section 1681i(a), you must complete your reinvestigation within 30 days of receipt of this letter. Thank you for your prompt and diligent attention to this matter.

Sincerely, ________________________________________
/John Doe /
John Doe
123 Main Ave.,
York, PA 02333
(434)883-8372
SSN: 555-55-5555
DOB: 01/12/1958

Enclosures: -Copy of Check Dated 1/1/2007

Tuesday, December 15, 2009

iBankUp from UpSide a New second Chance Bank

Ever heard of iBankUp?Well if you are looking for a second chance bank for new checking accounts, then you come to the right posrt.iBankUp from UpSide are now offering new second chance bank account.
second-chance-bank-checking-account
Here are some iBankUp account comes with the following features:
All the features of a checking account, even if you have bad or no credit
Avoid the hefty fees charged by traditional banks!
No monthly fee if $300 or more is loaded each month. Only $1.99 otherwise.
No overdraft fees. No decline fees.
Free Direct Deposit from employers. Deposit cash at 60,000 locations nationwide.
Write personal checks, best to pay rent or other bills.
Includes a Visa Prepaid card which is accepted like any Visa debit card. Up to 12% cash back on online purchases

With all these features, i think it is a very good deal iBankUp from UpSide had to offer.Not many bank offers a second chance checking accounts.When everyone were looking for second chance checking account that offers non chexsystems.So, this iBankUp from UpSide may not be around for so long since there is not so many non chexsystems banks available nowdays.

Monday, December 14, 2009

Debit Card May vs Checking Account

The problem with being on the ChexSystems list is that it makes it hard (if not impossible) for you to open a new checking account for several years. But what if checking accounts were not as useful as they used to be? If that were the case, being on ChexSystems might not be so bad after all. Here’s news about a trend that may make you rethink whether you really need a new checking account.

There’s a great article in the Los Angeles Times, which discusses a recent trend among large grocery stores — the refusal to accept personal checks for purchases. One large grocery chain in California (Fresh & Easy Neighborhood Market) does not take personal checks at any of its 70 stores.

Another large chain (Whole Foods) is also considering a similar ban.

Here’s why they are doing it. Processing personal checks is time-consuming and expensive (and everyone is trying to reduce expenses in this economy!). Also, most people can easily pay for their groceries with cash, debit cards or credit cards. The use of credit or debit cards also provides both the customer and the retailer with some additional payment protections which are not available when checks are used.

So what do you do if you don’t have a bank account or a credit card? Simple — there are dozens of great prepaid debit card accounts available which allow you to buy things using a debit card at any retailer that accepts Visa or MasterCard.

If the checkbook becomes obsolete, then people who can’t open a checking account are in a great position — simply open a prepaid debit card account and use your shiny new Visa or MasterCard debit card to make purchases. For merchants that still accept checks (such as your landlord, or your utility company), these debit card accounts allow you to write checks online (using an online bill pay service), so you have the best of both worlds

Non Chexsystems Banking

I became interested in ChexSystems a few years ago when a friend became entangled in the ChexSystems web. ChexSystems is a credit reporting agency that reports mishaps with a bank to other banks. After becoming listed in ChexSystems it can take up to five years for the listing to be removed.

I am sure ChexSystems protects banks from fraud however ChexSystems at times prevents folks from being able to open a bank account that made a banking error like leaving a bank account overdrawn for a period of time. Even worse a bank can close an account that is in good standing when a different account at a different bank has been defaulted on and reported to ChexSystems!

In the case of my friend she deposited a large check in to her bank account. The check came back non sufficient funds and my friend did not have available cash to cover the overdraft. The bank closed the account and reported the action to ChexSystems. My friend eventually paid the bank back in full but she was still listed on ChexSystems.

Her paycheck had been direct deposited for years. Once her bank found out about the overdraft they closed her account. It was very embarrassing for her to go to Human Resources at her job and change over to paper checks.

After some searching I found that certain banks offer deposit accounts with a debit card that allow you to direct deposit your payroll or income check and use a debit card to draw the funds and pay bills.

I publish a website that offers practical solutions for consumer credit issues since May 2000. BadCreditInfo.com I feature a debit card that allows direct deposit to a real bank account with no credit check, guaranteed approval, no upfront fee, free direct deposit and you can shop and pay bills online.

The debit card is convenient for shopping and money management and if you consider the gas to drive to a check cashing place the time and energy to do so, plus the check cashing fees this card is a real money saver! Did I mention you can pay bills like utilities, phone, gas and electric online?

This card is not a credit card but it does offer a feature that will allow you to build credit and it reports to a credit bureau! I myself have been through the credit card lifestyle of living beyond my means. I love having a debit card, I spend what I have and that's it! Also, there are no overdraft fees!

As I stated above I have been Internet publishing for eight years. I am familiar with this card and the competitors products. I am proud to offer Account Now, they have the largest network of ATM and locations to "load" your card, which means deposit funds to your account in bank talk. Account Now does not charge an upfront fee. If you want the card click the link, no money due today. There are many sites that charge up to $100 up front just to get the card.

Second Chance Checking Account

ChexSystems protects banks from fraud however ChexSystems at times prevents folks from being able to open a bank account that made a banking error like leaving a bank account overdrawn for a period of time. Even worse a bank can close an account that is in good standing, when a different account owned by the same person, at a different bank, has been defaulted on and reported to ChexSystems!
People that can't open a checking account need an alternative that allows them to be able to bank while listed on ChexSystems, fortunately there are 2nd chance checking accounts.

Second chance checking accounts are useful when ChexSystems stops you from opening a
checking account? Get a second chance checking account with no credit check! It gets even better! If your payroll or income can be direct deposited there is no fee for direct deposit!Second chance checking accounts mean no more standing in line and paying high check cashing fees.

Tuesday, December 8, 2009

Article:Chexsystems checking account

The ChexSystems provides verification services to deposit account to the members of your financial institution to help identify applicants that you may have a history of account mishandling. The service seems useful, and it is for banks and financial institutions. It helps them to be alert for fraud and other abuses. Habitual and those who intentionally write checks must have their criminal activities recorded in ChexSystems. However, not all activities are negative instances of fraud or intentional misuse. Many consumers have written at least one check that has bounced back and if he had closed a checking account in the negative and not pay the negative balance in time, the bank had informed consumers ChexSystems.

Each report submitted to ChexSystems remains on file for five? You, unless the bank or credit union that filed the report with them has been eliminated or ChexSystems becomes obligated to delete the file in accordance with the law . However, if a collection is reported amount is paid, it is obliged to mark the account as paid.

If reporting to ChexSystems sure not to close the checking accounts of any other you may have. Pay all overdraft fees as soon as possible. Make a good personal check in which they are written out. Once you have paid the overdraft fees and satisfied everyone that had received a returned check, then make sure you have an explanation of the material inserted into your ChexSystems file.

Just because you are in ChexSystems, there are still ways to get a checking account in a bank. Sometimes this can be overlooked by the official bank of what may be able to open a new account. There are also many online banks that offer second chance checking accounts to people who have been reported to ChexSystems.

Wednesday, December 2, 2009

Get Checking Michigan financial education program

One way of getting out from chexsystems is through education.Well, it is the best way because we can actually learn and understand where the mistakes that lead to your name listed in chexsystems list.For those who interested, there was Get checkingn program.One of it held in Michigan called Get Checking Michigan program conducted under a new program alliance by CheckingNetwork USA. Get Checking Michigan offers consumers an opportunity to restore banking privileges with participating financial institutions.

Get Checking is a financial education program designed specifically to help consumers re-gain access to banking.

Get Checking is a six-hour class for individuals who are locked out of banking due to a NSF reported to ChexSystems by the former bank. Consumers seeking a second chance and wanting to learn more are invited to REGISTER...

- Order your ChexSystems report by calling 1-800-428-9623 or visit www.consumerdebit.com to request your free copy. Bring the ChexSystems report to class and proof of restitution!
- Review the class schedule link and complete the registration form to register for a location nearest you.
- Registration fees are payable with a money order: $40 per person or $60 per couple. Registration fees must be paid in advance. Call 1-866-246-8852 for pre-registration details.
- Get Checking Michigan is open weekdays from 9:00 am to 5:00 pm. For more information, call 1-866-246-8852 during normal business hours.