non chexsystems banks
If you are wondering about the reason things have gotten this way, you will need to look to a number of important trends that have hit the banking industry over the past few years, including:
* overdraft protection programs: This is a wonderful idea, but in reality it ends up costing many bank customers more than it saves them due to the effect of overdraft fees.
* Debit cards: These cards allow you to make charges against your account even when your balance is near zero or in the negative. Combined with overdraft protection, failing to use your debit card with the highest degree of caution can cost you hundreds per month in overdraft fees.
* Chex Systems: This is a database that most banks use to report current or past customers who in the bank’s eyes represent a risk. And, about 90% of banks refer to Chex Systems when evaluating a new checking account application
non chexsystems banks