WTF. I literally just got denied on a stupid application for a Bank of America checking account. So I called my old bank and they said I have owed them $56, that they shut down my account and that the only way for them to be able to reinstate my account is to call this collections agency called ARM and pay. Ok amazing right, but now I have no where to put my money. Is there any bank that would accept me? I researched online and a bunch of sites were saying that when you apply for a new checking account, they are able to somehow always check your history through a company called Chexsystems or something. What should I do?