3 ms·
It might actually be easier for recent immigrants to get an account, because they have no history with ChexSystems, the _de facto_ credit bureau analogue for ba
by tadfisher 4y ago
It might actually be easier for recent immigrants to get an account, because they have no history with ChexSystems, the _de facto_ credit bureau analogue for banking history.
When working for a technology company offering retail banking services (in a past life) the #1 reason for denying an account was a negative ChexSystems report. That means the applicant has had checks bounce, held a negative balance for too long, or was suspected of identity theft/fraud (often they were victims, sometimes unknowingly).