Jump to content

Opening up a US bank account with bad or no credit


infotec28
 Share

Recommended Posts

Hi,

As my wife and I are planning to return to the United States soon, we wish to open up a bank account. I have bad credit and she has no credit. I think that the check cashing store is a horrible idea (The lines, the wait, the fees etc) When I fell on hard times, I noticed that most banks required a credit report to open an account.

Could you list any banks that are willing to open up an account with bad credit, perhaps even further to that with a debit card that has a visa logo?

Thanks

Link to comment
Share on other sites

Based on your sig line, I would first recommend not opening a bank account with any bank that you had owed money to. This way, your Chex inquiries won't be wasted with banks that wouldn't let you have a bank account because you owed them money in the past.

Second, where are you moving to? Once we have an area to work with, more banking suggestions should follow.

Link to comment
Share on other sites

  • 3 weeks later...

Actually, there are banks that do check your credit report BEFORE they will allow you to open up a checking account.

And that is in addition to them checking with CHEX systems.

It happened to me with Pentagon Federal Credit Union. They checked my EQ report.

It is not a big trend out there but I would suspect that it could catch on if banks become more selective about their customers.

Overall most banks do not check your credit in order to open up a checking account. However, I would double check with that institution just in case.

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.