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Be prepared for resistance when you apply for a bank account in adverse circumstances. If you are unemployed, have bad credit or have recently been through a detrimental financial process like bankruptcy, there will be questions to answer. Move forward confidently with the following tips:
Prepare a personal statement regarding your circumstances. Show you are trustworthy, creditworthy and will be a valuable customer in the future. The bank will want to see the reason for your poor financial history is no longer applicable.
Come with cash in hand. A bank may require more money to open an account for an individual with a lesser financial history.
Provide pay check stubs and contact information for your employer. If you are unemployed, prepare references from previous employers stating you are not chronically unemployed. Losing a job is difficult, but it happens and you can recover. Showing the problem is not recurring will show your bank you can hold a job in the future.
Applying For A Bank Account In Adverse Circumstances
