Banks won't let me open a checking account.

Hrhm0032490 · #1 (**permalink**) 12-14-2007, 04:51 PM

Hi guys, I'm in kind of a slump here. I'm 22 years old and I've recently had an overdrawn account from my previous bank. So the bank closed off that account and I had to pay it off, but now the problem is when I try and go into other banks and open up another checking account, they all deny my request for another checking account. Does anybody know what to do in this sort of situation? If anybody can help me here and tell me any kind of bank that would give me "a second chance", please let me know.

GarySpicuzza · #2 (**permalink**) 12-15-2007, 10:19 AM

Hrhm0032490, the bank wouldn't have closed your account for one (1) single overdraft.

Is there more to this story?

If you are habitually overdrawn and knowingly writing bad checks please don't blame the bank they don't have much choice except to distance themselves from you.

As far as second chances go, you could have your Mom or Dad open a checking account in their name then add you as a joint owner so you could write checks.

That being said.....if I were advising your Mom or Dad I would recommend they NOT do that as your money mismanagement would end up reflecting negatively on them.

My 1 cent on this thread!

C-squared · #3 (**permalink**) 01-27-2008, 04:07 PM

I agree, I think there's more to this story.

Would they let you open a savings account instead? It's more inconvenient for you, but they could see you get more responsible with money over a period of time and then offer you a checking account?

Dru · #4 (**permalink**) 01-28-2008, 08:49 AM

Banks share information with one another much like a credit report but not all banks participate. Keep looking around, especially at locally owned banks for someone who will work with you.

cbass1017 · #5 (**permalink**) 01-31-2008, 12:13 AM

Sometimes you can request a letter in writing from the bank that reported you stating you have resolved your account and present it at the your new bank. Not all banks will but some will take it into consideration but some will. Usually you do have to be speaking with a branch or office manager though.

Mark A · #6 (**permalink**) 10-17-2008, 12:24 AM

At the financial I work for, we will work with people as long as they make good on their account with the previous financial and take a money management course.

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