Bank Account Denial Question

[Total80sKid]

Hello all!

I am currently in the process of trying to straighten out a credit mess I got myself into back in 2018.

Early last year I had tried opening a checking account with Wells Fargo online and was denied.

I then tried Bank of America, where I was approved.

I know I can order a Chexsystems report, but to my knowledge, I shouldn't be in their system.

Does anyone know why they might have turned me down? I did default on a secured credit card with Wells Fargo back in 2009. Could that be why?

If I am in Chexsystems and was denied by Wells Fargo because of that, wouldn't Bank of America have denied me as well?

Just curious.

[Mr_Mojo_Risin]

The defaulted card is most likely the reason for denial with Wells Fargo.

Most of these banks keep internal records for many, many years.

[blindambition]

It's always good to check your Chex profile and scores. Lenders have different criteria and UW.

Were you opening multiple bank, or CU accounts? That can flag as well. A way to see who may be SUB chasing.

[Mr_Mojo_Risin]

---

@blindambition wrote:

It's always good to check your Chex profile and scores. Lenders have different criteria and UW.

Were you opening multiple bank, or CU accounts? That can flag as well. A way to see who may be SUB chasing.

---

Very good point.

The other day I was thinking I hadn't seen any posts from you recently, nice to see you back! 

Hope all is well 

[M_Smart007]

---

@Mr_Mojo_Risin wrote:

---

@blindambition wrote:

It's always good to check your Chex profile and scores. Lenders have different criteria and UW.

Were you opening multiple bank, or CU accounts? That can flag as well. A way to see who may be SUB chasing.

---

Very good point.

The other day I was thinking I hadn't seen any posts from you recently, nice to see you back! 

Hope all is well 

---

+ Million

[Total80sKid]

Thank you guys!

No, I hadn't opened any new accounts at the time and only had Chase (opened in 2010) and PenFed (opened in 2017).

I had defaulted on my Chase and PenFed credit cards and had direct deposit with Chase and was worried they would take funds out for the credit card I owed money on, so wanted a new bank to do basic Checking with.

I also got checks with BOFA and use them fairly regularly. Wouldn't Chexsystems prevent this as well?

Im only curious about this because I am on the verge of opening an account with Navy Federal and the denial from Wells Fargo is giving me pause.

[blindambition]

---

@Mr_Mojo_Risin wrote:

---

@blindambition wrote:

It's always good to check your Chex profile and scores. Lenders have different criteria and UW.

Were you opening multiple bank, or CU accounts? That can flag as well. A way to see who may be SUB chasing.

---

Very good point.

The other day I was thinking I hadn't seen any posts from you recently, nice to see you back! 

Hope all is well 

---

Thanks, good to see you as well. Doing ok, hope the same for you.

[blindambition]

---

@Total80sKid wrote:

Thank you guys!

No, I hadn't opened any new accounts at the time and only had Chase (opened in 2010) and PenFed (opened in 2017).

I had defaulted on my Chase and PenFed credit cards and had direct deposit with Chase and was worried they would take funds out for the credit card I owed money on, so wanted a new bank to do basic Checking with.

I also got checks with BOFA and use them fairly regularly. Wouldn't Chexsystems prevent this as well?

Im only curious about this because I am on the verge of opening an account with Navy Federal and the denial from Wells Fargo is giving me pause.

---

Navy uses EWS, Early Warning Systems. You can check Chex online. It may be the previous bad relationship. Putting you on blacklist.

[Total80sKid]

---

@blindambition wrote:

---

@Total80sKid wrote:

Thank you guys!

No, I hadn't opened any new accounts at the time and only had Chase (opened in 2010) and PenFed (opened in 2017).

I had defaulted on my Chase and PenFed credit cards and had direct deposit with Chase and was worried they would take funds out for the credit card I owed money on, so wanted a new bank to do basic Checking with.

I also got checks with BOFA and use them fairly regularly. Wouldn't Chexsystems prevent this as well?

Im only curious about this because I am on the verge of opening an account with Navy Federal and the denial from Wells Fargo is giving me pause.

---

Navy uses EWS, Early Warning Systems. You can check Chex online. It may be the previous bad relationship. Putting you on blacklist.

---

Thank you for the info! Much appreciated!

[FinStar]

---

@Total80sKid wrote:

Hello all!

I am currently in the process of trying to straighten out a credit mess I got myself into back in 2018.

Early last year I had tried opening a checking account with Wells Fargo online and was denied.

I then tried Bank of America, where I was approved.

I know I can order a Chexsystems report, but to my knowledge, I shouldn't be in their system.

Does anyone know why they might have turned me down? I did default on a secured credit card with Wells Fargo back in 2009. Could that be why?

If I am in Chexsystems and was denied by Wells Fargo because of that, wouldn't Bank of America have denied me as well?

Just curious.

---

You may need to check EWS which WF is part of.  Also, it's possible that if you defaulted on any WF product, you may be blacklisted internally.