Can I get a savings account if I am on the “black list”?
May.28, 2009 in
Personal Finance
asoobee asked:
Okay, to make a really long and comlicated story short, an online merchant falsy advertised a product and I withdrew my order but they still charged my account and it has since been overdrawn and I haven’t the funds to bring the balance to 0+. There are more details as to why I cannot dispute it but that’s another story
I am now on the “Black List” but am curious if I can open a savings account. It is impossible to overdraw a savings account since ATM’s charge you account at the withdraw. Unlike debit.
Okay, to make a really long and comlicated story short, an online merchant falsy advertised a product and I withdrew my order but they still charged my account and it has since been overdrawn and I haven’t the funds to bring the balance to 0+. There are more details as to why I cannot dispute it but that’s another story
I am now on the “Black List” but am curious if I can open a savings account. It is impossible to overdraw a savings account since ATM’s charge you account at the withdraw. Unlike debit.
My new job pretty much requires you have EFT but I can’t. The account has been closed so I can’t even have it charged to my account to bring up the balance.
May 29th, 2009 at 12:38 pm
Savings account, I’d say yes. Checking, probably not, unless you agreed to maintain a certain minimum balance at all times.
May 30th, 2009 at 6:43 pm
You can get a savings account which will be good for EFT. I will advise to go to the bank and explain everything to them as well and then start some payment plan to settle your other account[s].
June 2nd, 2009 at 11:58 pm
Everyone deserves a 2nd Chance:
Go to Wells Fargo or US Bank, they have programs to help people.
When you stated above “Black List” I believe that you mean ChexSystems or to a Collection Agency?
Go visit a Banker and apply for a NEW ACCOUNT and see what happens.
There are over 9,000 + Banks in the USA.
GOOD LUCK!
June 3rd, 2009 at 11:19 pm
Apply for a Citibank Upromise Credit Card. You may then bank online with citibank, a percentage of purchases with this card goes into a college fund on many common items including groceries and restaurants.
Secondly, if you are young, begin putting at least $1.00 a day in an equity based mutual fund (go to Edward Jones or some other reputable broker to set this up as a monthly withdrawal on the citibank account. (this amount from age 18 to age 65 accumulates to over 2 million dollars). Read the book, “the Wealthy Barber” — pay all debts that you can monthly - when you have re-established your credit, various credit cards will offer very low interest for definite time periods - use their money if you are making more in the market than the interest they are charging - for instance buy a piece of land, keep it for the term of the cheap interest, then sell it, pay the card, re-invest the profit.
This is America, it is easy to create wealth
June 4th, 2009 at 9:44 pm
You could try it at a different bank, is what I would suggest, just go in and ask to open a savings account, worse they can do is say no but probably it will be ok, then be cool.
June 5th, 2009 at 10:41 pm
You should be able to get a savings account with no problems.
You may be able to get a checking account. There are several banks and credit unions that do not use ChexSystems or other verification services. Check out for a directory of non ChexSystems banks listed by state.