Question by  bakerboy (14)

Can you open a bank account if you have bad credit?

I need a new bank account.


Answer by  rightlight (1053)

Yes, you generally will be able to open up a bank account no matter how bad your credit is. If you've defaulted on a number of checking accounts and can't reopen one, you can try buying a reloadable visa card that will deposit checks as if it were a bank-account.


Answer by  HawaiianGirl (6906)

Your credit score will not have an affect on whther or not you can open up a new bank account. Yes, you can open up a new account at a bank unless for some reason it is against their policies. You may not, however, be able to open up a loan, or get a credit card.


Answer by  naturalmom (211)

Yes, it is possible to open a bank account with bad credit. You may have problems opening one if you have a history of overdrafted bank accounts or bad checks.


Answer by  Tim55 (618)

Yes. Having a bank account is something that improves credit. You do not need to have any prerequisites to open an account. Some banks actually give you an opening bonus, which you could actually put to outstanding credit debt. Look for the good deals there are many types out there.


Answer by  kitty63 (161)

Bank accounts typically are based on how much money you can put in them, not on your credit. Bank accounts are for money you have.


Answer by  tamarawilhite (17883)

You can always open a savings account, regardless of your credit score. You can open a checking account as long as you have not bounced any checks with that bank or been convicted of writing bad checks. A credit line will depend on your credit score and credit history, as well as whether you have a job.

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