Re: Alternatives to a Bank Account
Banks don't care about your credit for the most part, unless you're applying for a credit card. I think they would only deny him if he was reported to Chexsystems for owing a bank a debt, or maybe if he tried opening too many bank accounts in a short time frame. Even then, you still have options. There are second chance banks that don't mind someone being in Chex.
But otherwise he should have no problems getting a bank account. If he's too young to appear in public databases he might need you to go with him and open an account at a bank that has a physical location. I opened my first account at BoA with my parents when I was just a teenager with nothing in my name previously.
There are so many banks better than Ally, especially for use with Paypal. If he's a student, almost all major banks offer free checking to students, which I would recommend over Ally.
Last edited by plumsake2; 10-12-2014 at 10:37 PM.
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