Technically, no bank can guarantee you a checking account. However, if you have had a bumpy personal banking history and have been rejected before for an account, there are definitely certain banks out there who are much more likely than the others to grant you a new checking account. As you may have noticed, most banks will make it tough on you to qualify for an account in that situation.

You see, the vast majority of banks – including most of the household-name banking brands you have come to know and love – will reject your checking account application outright if your name shows up in something called ChexSystems.

ChexSystems is a database invented and maintained by a company called eFunds. It is designed as a way for banks to share information about current or past customers that they deem as a banking risk.

Essentially, if your name shows up on this database, you can expect to have a much harder time in getting approved for an account.

But, how can you tell if your name shows up in ChexSystems? Well, you can always feel free to contact eFunds and ask for a copy of your ChexSystems Consumer Report. However, there is an easier way to find out: just go apply for a checking account at any local bank branch. If you have the money to meet any minimum initial deposit requirements, then you should have no reason to get rejected. That means that, essentially, rejection means that your name is showing up with negative marks against it in ChexSystems.

This being the case, what if you need a guaranteed checking account? What should you do? Here are 5 FAQs about how to get a checking account, even if you have been rejected one or more times in the past by banks:

1. How can I find a guaranteed checking account?

A: As mentioned above, no single bank can guarantee you an account. Still, if you have been rejected before for an account, you can increase your chances 10-fold of getting approved by finding the right bank.

2. Does it matter that my name has likely been referred to the ChexSystems database?

A: Yes, it matters a lot if you want to get approved for a new checking account. And, while you may want to order a copy of your Consumer Report to find out for sure if you are in that database, doing so may not do you much good. You see, if your name is there, it is very difficult to get it removed. Rather than wasting your time trying to get it removed, it may be wiser for you to spend your time finding a bank who will offer you an account anyway.

3. Which banks are most likely to approve my application?

A: Banks that call themselves second chance checking banks are the ones most likely to approve your application for a new checking account. These banks make it a point NOT to check with ChexSystems before approving your application – making it much easier for you to get approved.

4. How can I find second chance checking banks?

A: Look for and build a list of at least 5 banks that call themselves second chance checking banks, or look for those who mention on their website that they offer second chance checking services.

5. How do I choose the right bank to apply to for an account?

A: Once you have found an appropriate list of banks to choose from, your next step should be to visit the website of each one and find out which other services they offer. Are they FDIC-insured? Do they offer convenient online banking? Pay attention to the criteria that are important to you in order to choose the right bank.

Consider these 5 FAQs as you look for a guaranteed checking account bank.

Author Bio: Find out how anybody can get a checking account at: Checking Accounts For Everybody.

Category: Finances
Keywords: guaranteed checking account, how can i get a guaranteed checking, chequing account