BOA closed new checking account after 3 days

[Anonymous]

A few months ago I tried applying for a credit card through BOA, they denied multiple times because of the charge off I have with Ch3se.

This week I applied for a new checking account using their bonus to establish a relationship. Just found out today they closed the account, and I'm assuming its for the reason above. Any way to recon this or am I blacklisted from BOA until my CO fallsoff?

[Anonymous]

I wouldn't think your checking account would have anything to do with cc charge off.
Do you have anything bad reporting on ChexSystems or Telecheck?

[Anonymous]

Call the customer service number, they'll probably transfer you to risk dept. I had the same issue and it was because they couldn't verify my ID... very odd, but they were able to resolve it at a branch. If you're denied for Chexsystems or EWS request the report with a copy of the denial letter, this saves your free annual report for another occasion.

[Anonymous]

That does seem strange. I would think that if it were a Chexsystem/Telecheck situation, the account would have never been opened to begin with (this is an all too familiar situation with me *blush* )

[Anonymous]

I work for a bank/brokerage firm and we do the same thing. If negative credit information is reported by Equifax, we will close a checking or brokerage account as a business decision. I suppose it has to do with the level of risk the client poses due to their likeliness of bouncing checks or having problems keeping a positive account balance. 

I would imagine BoA has a similar risk model and makes their decisions accordingly. Some banks are more risk adverse than others. Perhaps a local CU would be better to start with? You'll certainly get better service, we know that.