8
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Brian
Brian

They use Chex and appear to be Chex sensitive.

I have an address in VA but not in their area, so I tried opening an account in branch by joining ACTE (they pay first year membership dues). That seemed to be fine and we started the account opening process. After putting in my name, SSN, etc., the banker turned the screen to me to confirm the information and I saw the next button for him to press was “Run ChexSystems”. After he ran the report, he informed me that due to my Chex report, I would only be eligible for their Encore checking account which has a non-waivable $9.95 monthly fee. Also, that account doesn’t qualify for the $100 bonus. He said the system made the decision – it was not something he decided or could change. So of course, I stopped there and didn’t open the account.

Gadget

Thanks for the DP. I was thinking about trying this one, but I am the same as you, out of area, probably a 2 hour trip to nearest branch for me.

A KeyBank banker in branch told me the same kind of thing on my denial. The computer decides, so it’s not something they have the ability to override. They just enter your data and poof, a decision is made. They hand you the printout saying to call Chex and send you on your way.

This one time, at Chartway FCU, they handed me a denial sheet as part of the account paperwork, but still opened the account and neither of us brought it up. So depending on the bank, I think they can override, they just don’t, unless they are new. That particular banker looked like he just got off the school bus.

Gotham
Gotham

No HP on Experian. $500 funding on CIP posted as purchase.

Gotham
Gotham

Bonus posted within 3 weeks of second DD

IS250
IS250

Have not signed up but here is information I have gathered from the site:
1. They use Chex
2. Not all VA residents are eligible out of the box. Here’s the list (mainly surrounding areas of Richmond VA): https://www.vacu.org/about-vacu/join-us/who-can-join

The very last way to be eligible is to join Virgina ACTE. Looks like they will pay the 1st year membership dues for ACTE (you don’t need to continue after that) but you’ll need to visit a branch.

3. Not so much an ETF but bonus is paid after 6 months from account opening.
4. CC funding available online. Don’t know limit

Gadget if you have not seen this already.

IS250
IS250

If you’re looking to be eligible through the ACTE route, you would have to join in one of their regular branches, not CO-OP. CO-OP branches don’t handle account openings and such.

Gadget

Thanks for the tag but for some reason it didn’t work. Maybe the guest number message you used I didn’t hit the bell. Anyway, was hoping to see a DP or two before trying this one, and looks like you already got an answer on joining from out of area. Not worth the drive to Richmond for me. Maybe this summer… If I can find other reasons to go.

IS250
IS250

Yeah I gave them a call to confirm eligibility before applying. If you ever go, let me know and I’ll do the same if I do.