Actually, there ARE some people that do not get approved for a debit card at the time they open a checking account...usually people who have had past credit/bank account problems.Originally Posted by Eques
In the US, bad activity on a checking account can result in the account being involuntarily closed and then a bad mark being put on your ChexSystems report. ChexSystems is a report that shows inquiries and any bad/derogatory bank account activity for the past 5 years. A friend of mine had a Citizens Bank checking account placed on ChexSystems because he overwithdrew it so many times, that with fees, he ended up $300 in the negative and then never paid back the balance to get it up to zero. After he paid off the account to Citizens Bank and got a letter from them stating that the account was now officially "paid as agreed," the local credit union let him open a savings account but restricted him from getting a debit card for minimum 6 months. I believe they approved him for a unsecured credit card before he was even able to get a debit card! But then again, all banks/credit unions are different...
For anyone who is looking to pay off an overwithdrawan bank account, listen up: DO NOT PAY THE COLLECTIONS AGENCY!! When my guy friend was looking to pay back his overwithdrawan Citizens Bank account, I helped him out by making phone calls and finding out how to get his account in good standing. The ONLY way, was the pay the bank directly IN FULL. If a partial amount was paid, or money paid to the collections agency, of course Citizens Bank would not be seeing the full amount, so they wouldn't write the "paid in full/paid as agreed" letter that my friend needed so badly to open another account; so thus paying a collections agency would be essentially useless. Plus, collections agency reps are rude, deceptive, and a pain in the ass to work with!


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