Today I read a few comments about second chance checking accounts that caught me a little off guard. Not surprisingly some of the people who apply for these types of accounts haven’t been the most fiscally responsible in the past. Do yourself a favor; don’t spend more money than you have so you don’t have to join the growing list of people being denied a checking account.
The first comment I read today was from a disgruntled individual who banks at Wells Fargo. He claimed that “We are a business and like any business had some bounced checks, but nothing crazy.” First of all do you see what is wrong with his tone? He is acting like there is nothing wrong with writing a check for more money than you have. I’m not saying getting a loan for appropriate reasons is a bad idea, but it is a horrible idea to write a check out for more money than you have. Whether this guy believes it or not, there are a lot of businesses who operate without bouncing checks left and right.
Another comment I read was from a user who owed a bank $5,000. This individual was trying to “start over” and appeared to think that should mean he didn’t need to pay off any of the $5,000. He figured a second chance checking account would allow him his fresh start. There certainly are situations when a second chance account is necessary, but this individual needs to pay off their debt first. Yes it will be extremely difficult, but people need to be accountable. Yes, you can start over, but pay off your debt along the way.
For those of you who legitimately need second chance checking accounts I recommend talking with a banker instead of using the Internet. There are a lot of spam sites out there offering quick and easy solutions. These same sites ask for your email address, phone number, and social security. Never give out this information to an organization that you don’t know and trust. These people are often just preying on the people who are already in a bad situation.
In short, pay off your debts and do your homework before opening a second chance checking account. If at all possible go with a bank that has a name brand established. Finally, avoid sending your personal information over the Internet in some vain hope that you will land a checking account.
I think you misunderstood the writer who said, “like any business we had a few bounced checks…”, I believe they meant that every business that accepts checks for payment has to deal with bounce checks as a part of dong business. Also, step off of the high horse that you seem to have placed yourself so firmly on. You have to remember that, “but by the grace of God go I…” meaning realize that the “fiscally irresponsible individual” that you speak so harshly of can, my dear man, be you.
Sorry Chris, didn’t mean to offend anyone. I must have been in a weird mood that day. Your points are well taken.