6 Fast and Easy Steps to Get Your Bank Account
Get Your Bank Account
If you have bad credit, you know how hard it is to get a checking account. Chances are, you have either been rejected repeatedly or have experienced the inconvenience of having needed to pay extremely high bank fees. If you have a problem in this department, you may now be able to find a second chance checking bank.
Chexsystems and TeleChecks are the two main reasons for banks being unwilling to let you open a checking account. explained, does this mean that you will never be able to open a checking account? The good news is that you can open a new account. To open one, all you have to do is go to the bank that you already bank with and inform them that you’d like to open a new account. Expect to have to fill out a few forms, show them proof of ID and your ID. Knowledge of the rules dictates that you must be 18 years of age, proof of address and your birth certificate. The application process goes very quick, often taking no more than a day.
Know the terms of your checking account! There are so many options that banks have to offer that they can throw all kinds of offers at you. For example, if you decide to go with a free checking account, you will not be able to write a check. Wait! What does this mean? Checks are very expensive. Of course, checks do come in handy. Also, you can make use of ATM machines and that is another thing that many banks do not offer. Still, you may find that you do not want to do this. You can prove that it is not free money by taking out a certain amount of cash from the check card every month. Spending this way, your account will never receive any checks. Still, it is a lot more convenient than having a bank tell you that you have insufficient funds in the amount of checks that you have.
When you deal with a reputable bank, be sure to keep in mind that you will need a second account. If you already have an account and have been having trouble with the fees, this is another reason to consider a second checking account. Sometimes, having two accounts that are of equal strength can work to your advantage. But, with an online banking account, you may already have the option of direct paying by automated payment. In this way, you will need to two or three checks in order to even the accounts. Most banks offer these services, if you have direct pay set up. With an automated payment system, there are no miscalculations.
A second bank account will allow you to work with all of the resources you may need online. This is often needed for business purposes, such as a website or a mailing list. If you have had a personal account in good standing for a long period of time, you will likely be eligible for an automated payment service. Banks love to have business accounts, so keep it that way. There are a lot of banks that offer excellent service to their current customers, as they are known for everything they do. There are a lot of programs from major banks that can help you save money in a variety of ways. There are programs that track use of different debit cards, as well as savings based on spending, brand new cards, rewards programs with discounts, etc.
When you have a bank account, this makes opening an online banking account a whole lot easier. If you already have one, most banks know good little H economies. Online banking is easier than an average person walking into a bank and trying to get his or her account filled out. It can seem a bit more intimidating at first, but never let that stop you in your plans.