Have you been able to get a second chance checking account at First Merit Bank?
2 people have gotten a Second Chance Checking Account at First Merit Bank.
If First Merit Bank at 7021 Harvard Ave does not have Second Chance Checking, you can try checking out other banks in Cleveland.
Getting your own checking account into the negative and then not being able to pay it back is nothing a person should have to experience. Due to stacking fees from NSF fees, it could be tough to pay the cash back. If you are having problems getting a new checking account, you need to get a second chance checking account.
Whenever a bank provides you with a new checking account such as this, they know that you have had some problems in the past with other banks. If you try to open an account with a bank that does not have this program, you will be denied a new checking account. The only thing they would let you open is a savings account, and that does not help that much.
When you have financial troubles with some other financial institutions, they put your name on a list called chexsystems. It is a list that is used by all the major banks, and when you try to open a new account, they check it. It is somewhat similar to credit history, but it is not the same thing. Besides getting a no chexsystems checking account, getting a second chance checking account will be the fastest thing you can do to get a checking account.
You can aquire a second chance checking account, and sometimes the banks may simply take away a few abilities to help ensure your bank account doesn't get into the negative once again. Once you get a new start with a second chance checking account, make certain you watch it very closely. You want to manage your account well, because if it goes into the negative even once, they will mostly close your account.
So to make things easier and never get into the negative with your second chance checking account, you need to monitor all charges and write them down. When you write a check, you make sure you keep a record of it. Some people do not cash checks for weeks, and sometimes it can be easy to forget you wrote a 500 dollar check and that person didn't cash it yet. Then you end up thinking you have an extra 500 dollars in your account and you buy a few things.
The next thing you realize, the person eventually cashed your check so you will have 4 charges that put your accounts in the negative. That is 4 NSF fees. So with your second chance bank account, you have to be sure to retain an eagle eye on all charges. You will not only develop trust along with your new bank, but you can get better at handling your finances.