When can my husband open a new checking account?

Question

A year ago he deposited a check from a client in his own checking account(let's call it account A). For some reason, he wrote himself a check for that amount using Account A and deposited in account B (joint with me). A few days later, the clients check didn't clear for insuficient funds, and of course his check into account B got problems as well. Bank A closed his account for "fraud" and Bank B closed our account for fraud. He paid the money back right away when he was informed that the checks were not good, etc. When we tried to open another account (joint) the bank rejected him (this was Bank C). I suspect banks pass on information about this kind of transactions. When will his "name" be cleared? I have my own checking account, but am afraid to add him on and then have it closed on me because of his history, although this was about 18 months ago. When can he open his own account?

I guess bank B contacted Bank A and informed them of the bad check. I really don't know and when I visited my bank, the officer didn't give me too much of an explanation either. I just got so upset that I took my business elsewhere and close my own personal account there as well.

Answer 1

it sounds like your husband may be in chex systems. i would have him either go to www.chexhelp.com or call them at 800-428-9623. chex systems is a resource between financial institutions to check and see if the person trying to open an account has had bad history or owes money to another bank. almost anybank he goes to is going to check it. he may also want to contact both banks and make sure he doesn't owe anything extra he may have overlooked. he can also call around to different banks, some offer "second chance accounts".

Answer 2

Different banks have different rules, but I think the best way to
solve the problem would be to go into bank A and bank B with
proof of what caused the problem, meet with the managers of
each bank and explain the problem. Being up front about the
issue will often times will bring about a resolution to your problem. However, if your husband runs a business it is a
good idea to have a separate business account at the same
bank as your personal account. That way the bank will see
that if he transfers funds from one account to another he is not
trying to scam them.

Answer 3

Your husband has been WRONGLY accused of fraud in my opinion. The client is the one who should be worried about this mess. Also did the client ever make this check good?
If your husband did work for 'client' client needs to be sued!
This 'fraud accusation' is bad for your husband's reputation and as such might have damaged it in your community....I would certainly let the court system sort that out. After taking the court papers to the bank I would ask them to reinstate your good name and take you off of the 'checksystems program

Answer 4

I suspect that the answer to this question varies from bank to bank. Why don't you go to these banks, especially A and B, and ask them what their policy is? I don't see why your husband's account was closed if it was truly as you describe. It wasn't his fault that the customers check bounced.