How do you get a bank account if you have bad credit rating?
I want to start selling on ebay, however you need a credit or debit card to be able to sell things. I have tryed to open a bank account but due to poor credit rating i am unable to.
Is there another way that people with poor credit rating open bank accounts
Related Items
- Will applying for a current bank account effect my credit rating?
I am looking to change bank accounts and open up a new current account with either another bank or building society. Will this effect my credit rating... - How do I transfer a credit card refund to my bank account?
Hi, my bank account and credit card are both from the same bank and I have just got a credit card refund. How do I go about transfering this refund to... - What is the best bank for a first time user to get a checking account?
I am 17 and I just graduated and I am looking for a bank to open a checking account. I heard susquehanna, F&M and Patriot federal credit union are the... - What type of bank account should a student with no credit have?
I just barely turned eighteen in may and I'm about to get a job once I finish school. I want to know what type of bank account has interest, no overdr... - How do I find out which bank in my community has the best credit rating?
Investors have ways of learning the credit rating of companies whose stock they want to purchase. Where can I find this kind of information about a b... - What the dirfference from a regular bank to a credit union?
Is a credit union better than a regular bank? I would like to know the advantages and disadvantages. I have heard that a credit uinon is better but I ... - Bank of America withdraw from my bank account a payment without my consent. What should i do?
I have a credit line with Bank of America and they withdraw money from my personal account (not with B of A or any of its affiliates) without my conse... - How can I receive money on ebay using my new paypal account?
I opened a new account because I opened last one in Thailand and I had a U.K bank. It works fine for buying on ebay, but when I received money there i... - What do you do when your bank account has been frozen by a collector?
My friends credit card was declined during dinner and she called the bank and they told her a lawyer in another state froze her account. The bank doe... - What bank has the most ATMs around the world? What is the best credit card to use internationally?
I am studying abroad soon and I want to open and account with an international bank. I want to do this so I don't have to pay steep ATM fees while I a... - What’s the difference between banking with a regular bank and credit union?
I was suggested to get a saving and checking account at a credit union and there is one in my city called american's first credit union,my question is... - How do you transfer money from your bank account to your Paypal account?
I am trying to use eBay with my bank account. How do I get money from my bank account to my paypal account? My bank account and Paypal is already tied... - Do you have to have a bank account with Wells Fargo to get their secured credit card?
Do you have to have a bank account with Wells Fargo to get their secured credit card? I have Bank of America and have had them for 4 years, no proble... - What info is needed to transfer money from 1 bank to another?
I need to have some money transfered into my bank account from another bank account. Their bank account is at a different, out of state bank which is ... - What happens if one bank closes your account but you have 10 others?
Lets say one bank closes your account due to overdraft that hasn't been paid and they report you to the credit bureau that regulates banks which means...
May 25th, 2010 at 8:51 am
I thought anyone could open a bank account, but they can’t get a loan
May 25th, 2010 at 9:01 am
Woolwich do a basic account with a Visa Electron card that is Pay pal compatible.
You only need 2 proofs of address and they don’t do a credit check.
May 25th, 2010 at 9:50 am
you can have someone else that you trust open the bank accoun on their name. once the account has been opened they can add you on the account. once they add you to the account they can make you the primary of the account. eventually you can have them removed from the account totally. good luck!
May 25th, 2010 at 10:30 am
Some banks does Credit checks which will cause you not to receive a checking account, but you can open a savings account, and the trick is to opedn a checking account you need to have something direct deposit ex: check, child support etc… or basically something that is gonna come every month, once you get the checking account open you can request not to have direct deposit or just keep it coming.
May 25th, 2010 at 11:24 am
The only way to be able to get a credit or debit card, is to clean up your credit. That’s the only way to do it. The only type of account that you can open with bad credit, is a savings account that i know of. I hope that you get your credit on track and back in good standing so that you can and will be the greatest e-bay seller out there; GOOD LUCK!
May 25th, 2010 at 11:36 am
To start selling on eBay, you need to have either a checking account or a credit card.
This is what you can do. Goto these 2 websites, and look for “prepaid credit cards”. If you are from outside the US, then enquire your local banks if they carry “prepaid credit cards”.
http://www.moneysupermarket.com/cards/prepaid-cards-guide1.asp
http://www.credit.com/products/credit_cards/debit.jsp
Prepaid credit cards work like this. You put in your own money into the credit card. The amount of money you put usually becomes your credit limit. Because you are putting in your own money and the credit limit is tied to the money you have put in, so there’s no risk to the bank or card issuer. Therefore, they won’t check your credit rating.
As time goes by, and if you are a good paymaster, the bank or card issuer may choose to increase your credit limit.
This is also one way to improve or repair your credit rating. Show that over a long period of time that you are a good paymaster. Then you will be able to apply for a normal credit card or a checking account.
May 25th, 2010 at 12:25 pm
If you have screwed the banks before, then you are probably on Chex Systems. They get reports from banks that you have bounced checks on, for instance, & not made good on them. Not all banks use Chex Systems, call around, tell the banks your situation, & maybe you can find one that will help you.
May 25th, 2010 at 12:44 pm
In the U.S.
Here what I found out.
Some banks check credit for checking accounts
Some banks check credit for checking accounts & Debit cards
Other banks just check telcheck or cheksystem for bad checks.
5/3 bank will open some account with checksystem but they have closed active accounts with people on checksystem from other banks.
Just keep looking for banks. I am sure you will find one that will give you a checking account with a debit card.
U.S. bank does have second chance checking account but I don’t know if it comes with a debit card.