What is Chexsystems?

Most consumers know about the three major credit reporting agencies, Experian, Trans Union, and Equifa. They know that having a good credit report with these agencies is extremely important to making big purchases, qualifying for a credit card, and even getting a job. However, if you ask most people about Chexsystems, they will know very […]

How to get removed from chexsystems

Chexsystems is a assortment of financial companies, such as banks and credit unions, who have joined together to prevent consumers from being able to open accounts. This is usually because of the consumer having mishandled an account in the past. However, many folks have been unfairly reported and therefore their inability to open an account […]

Chexsystems Information

>>Getting Around Chexsystems<< Chexsystems is an information sharing association that provides details about checking and savings accounts. Like the credit bureaus, Chexsystems reports negative information about you to banks and financial institutions. By sharing this information they can provide a level of protection to the banks to avoid opening accounts for people who have bounced […]

How Does ChexSystems Work?

ChexSystems is a database that banks use to determine if potential customers are too great of a risk to the bank. Banks will report you to this system if they close your account for negative balances or if you lied when you opened your account. The information can stay on the Chexsystems records for five […]

Chexsystems Common Questions

>>Who is Chex Systems Inc.? ChexSystems, Inc. is a verification service used by financial institutions such as banks and credit unions. This is simply a tool, used within the banking industry, to aid in the application process of new accounts. The purpose of using ChexSystems is to identify any account mishandlings by potential applicants. >>What […]

Are You On Chexsystems?

If you are on ChexSystems’ list, you have probably experienced the frustration of not being able to open a new checking or savings account, write checks, or use an ATM card (the core banking conveniences that everyone seems to take for granted). Unfortunately, millions of Americans are on (or have been on) the list, and […]

Chexsystems Basics

>>Overview of Chexsystems<< Are you having trouble opening a banking account and keep getting denied? This may be caused by a service called ChexSystems. What is ChexSystems? And what does it have to do with you? Approximately 80% of all banks and credit unions nationwide are members of, or use, ChexSystems. ChexSystems is a database […]

Am I On ChexSystems List?

The sense that you are “on someone’s list” is never a good one. In fact, it can bring feelings of discomfort, frustration, or even paranoia. After all, who are THEY to place YOU on their list? One such list is ChexSystems. If you have asked yourself recently, “Am I on ChexSystems?,” the best way to […]