Originally Posted by
Fennie2578
Recently I have applied twice to open a checking account with BankDirect.com to earn AA miles, and got rejected both times.
Their reason was that the CheckSystems' record of me has too many inquiries(total of 11 since 2004
) which all caused by other banks every time I opened CD accounts or renewed them. Since I have never had a credit trouble and my credit score is quite high enough, it is just hard to understand why they refused me for parking $100k in their bank.
Does anyone know any other factors besides credit for banks being selective on customers? I'm just curious.
Why did you apply twice, since the reason for the first rejection didn't change and applying soon after that, would only increase the number of inquiries. I find it odd that renewing CD's is causing this. You might want to chat with your bank about why they need a ChexSystems (isn't that the correct name?) inquiry to do this.