vajackson wrote:
While on the checks system I will not be able to open an account at any bank for 5 years (but possibly could open one at a credit union) and obviously the closing of an account will have a negative effect on my credit report.
Hi,
Oddly enough, once Evil WaMu reported me to ChexSystems, I could open an account at another bank (Compass Bank), but
not a credit union. I've been trying to rebuild my credit and my finances, and part of that plan involves getting an account at a local CU, so I can get a decent mortgage soon.
They wouldn't open a checking account yet because of Evil WaMu's report. They did open a savings account for me, though.
Good luck!
Ariel