jentodd Wrote:
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> It is a regional bank.
>
> They are _desperate_ to get them done. A shopper
> can only do one, of course. They state to bring
> at least $25 in cash with you in order to open the
> account. Apparently, and this is a new shop, so
> who knows, you close the shop and they say that it
> will take 90 days (or within 90) for the account
> to actually close up. There's no hard hit to
> credit (it's a soft hit using a service called
> Chexsystem), but even so. $20 for one shop and it
> requires opening a checking account with $25 for
> 90 days? Blerg!
Just for future references, the bank in question has branches in IN, KY, OH, MI, PA and WV.
And, technically ChexSystems isn't even a credit bureau. They are considered a consumer reporting agency, but they only monitor activity on deposit accounts (checking/savings/money market). Their reporting system is very different from the large credit bureaus as well. There is no "score" calculated. And, unlike credit reports, your Chex report only contains negative information, if reported.
And actually, now that I know that there's no hard pull involved, I may see if I can twist a little bit more on the price. No big deal to maintain a checking account for 3 months.