Tuesday, October 27, 2009

Is there any banks which let u open up a bank account with a bad credit rating?

more and more banks are running full credit and chex systems reports on new accounts. You might try some smaller hometown banks or credit unions.



Your credit score is your social class in america



Is there any banks which let u open up a bank account with a bad credit rating?

Banks always accept new accounts. They do like deposits and like to maintain long term relationships with their clients. Obtaining credit from the same bank my be another matter in the short term.



Is there any banks which let u open up a bank account with a bad credit rating?

most UK banks have what is known as a basic bank account, you can not get an overdraft or any credit, but you can get cash from ATM%26#039;s and pay checks into it.



Is there any banks which let u open up a bank account with a bad credit rating?

Nationwide are excellent. You can open a Flexi Account which enables you to pay direct debits etc but you are not allowed a cheque book or credit card.



You can have a cash card for ATM%26#039;s and if you go abroad there is no withdrawal charges.



Is there any banks which let u open up a bank account with a bad credit rating?

most banks will give you an account ,but with no borrowing.



Is there any banks which let u open up a bank account with a bad credit rating?

A lot of financial institutions (including credit unions) will not allow you to open a checking account with bad credit but, will allow you to open a savings account. The difference is that banks want a larger sum to open the account than does the credit union. In both, however, you will have to maintain that initial amount in your account



It is my personal opinion that credits unions are better. Every credit union I have joined only requires $5.00 to open an account. It is far easier to maintain $5.00 in an account than $300.00 which is the minimum banks want.



The only stipulation to the credit union is that they are %26quot;membership%26quot; driven. You have to meet certain criteria to join a credit union. This is a powerful benefit, though. They charge less interest on loans.



Is there any banks which let u open up a bank account with a bad credit rating?

The %26quot;Indian Experience/s%26quot;....



So long you are not asking for a loan / credit, Banks do not bother for you and yr credit ratings and encourage / allow you open a Savings A/c with them.



Most of this account is a vanilla savings a/c with regulated interest rate and issue you a cheque book soon after. Cheques are collected and deposited. An ATM *** Debit card is issued, mostly free of cost, which is accessible thorough the town and cities in India through %26quot;Core Banking%26quot; software.



Equally all deposits are accepted. But no %26quot;overdrawn%26quot; is allowed.

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