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Contributor
Posts: 90
Registered: ‎11-12-2010
0

BK effect on getting new checking account?

I currently have my checking account with a major bank, which I also have credit card with that would be included in my BK, if I file. I understand there are concerns about that and have now opened an account with another financial institution. I've read somewhere the BK can affect opening a new checking account, and the BK can show up in the Chexsystems banks use to assess opening new accounts. What are the facts on ths?

Valued Contributor
Posts: 1,063
Registered: ‎05-26-2010
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Re: BK effect on getting new checking account?

Based on my BK attorney's advice, I opened a separate checking account before filing, in a new institution I had no debt to.  The BK filing didn't affect that account - I used TD Bank because the attorney advised that some banks will close a checking account due to BK filing.

 

National Banks can't legally use the "bankers' right of offset" to take the balance in your checking and apply it to your personal (not business) credit card debt.

 

After discharged I opened a Credit Union checking account (NFCU) with no problem.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
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Moderator Emeritus
Posts: 4,470
Registered: ‎12-31-2008
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Re: BK effect on getting new checking account?

BK did not show up on chexsystems for me.  Same with DH.

Just puttin' syrup on something, don't make it pancakes.
Regular Contributor
Posts: 238
Registered: ‎09-09-2009
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Re: BK effect on getting new checking account?

never had any problems with opening any checking account due to my bk. i have four.

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