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Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
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Re: BofA ChexSystems

somotao wrote:

I was in a similar situation with one of my BoA accounts. I have been a customer of BoA for over 10 years and one of my accounts went into the red and was closed while I was out of the country. When I came back I paid the account and BoA said they could not re-open that account. I went to a credit union here in Atlanta and they refused to open my account because Chexsystems reflected that I still owed Boa Money even though I had paid. It took about Two months trying to get Bank of America to report tha the account was Paid to Check Systems. I tried to get BoA and Chexsystems to remove the entry in total but that was not possible. I took a printout of my report back to the credit union and they open an account for me. I think based on my experience you should be fine as long as the amount owed was paid. Credit unions give people chances that the big banks refuse to offer, and I believe most of them dont mind that one's has a record in chex systems as long as the account is paid and there is no money owed.

I've been in the red before and have never had my account closed....  That alone would make me never want to do business with BofA.


With Chase I was in the red almost 2k one time... but I had to get plane tickets for work. Chase was cool, I paid my OD fee, and brought the account back in the black like 4 days later.

Starting Score: 08/29/2011 TU 671 EQ 674
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Frequent Contributor
Posts: 395
Registered: ‎01-21-2012
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Re: BofA ChexSystems

I was in the red for a couple months - not just a few days. I understand why they'd close it. Weird part is that I was able to open an account with them again shortly thereafter. Honestly, they may not be all that great in some regards, but the truth is that they are everywhere and incredibly convenient since I travel a lot. 

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Frequent Contributor
Posts: 364
Registered: ‎08-23-2011
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Re: BofA ChexSystems

I must be crazy or unusual or something but I have had nothing but positive experiences with Bank of America and will continue to keep my checking account with them due to easy online bill pay and wide ATM network.


On one occasion back when I was in college my account was overdrawn but I was never hit with a fee. My xbox live yearly membership hit my account and I forgot about it. Luckily it was on a weekend, and my paycheck was direct deposited on Monday so I was able to bring my account positive before the charge cleared.


As long as my checking account remains free I will be a happy BoA customer. I'm definitely a fan.

FICO Scores: TU: 768 (Jan 2012), EQ: 755 (Jan 2012 Lender pull)
Senior Contributor
Posts: 3,240
Registered: ‎04-03-2008
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Re: BofA ChexSystems

Way back in the 1970s when I was an undegraduate, I overdrew my checking account with a local bank. The branch manager phoned me and said, for a first time mistake by a student they woul hold the check 48 hours before bouncing it, giving me time to phone my parents and have them wire me some money. Of course, he continued, I had better keep track of my balance in future because if it happened again they would bounce my check. I cannot imagine a branch manager doing that today.
TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
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