Tag Archives: chexsystems

How Long After An Overdraft Are You Reported To Chexsystems?

All About Chexsystems Chexsystems is a consumer credit agency, much like Experian, Transunion, and Equifax. The main difference is that the other credit agencies report on how well you’re using your credit accounts, whereas Chexsystems reports on how well you are using your deposit accounts. A smaller, but very important, difference is that Chexsystems solely […]

Database can shut people out of accounts

Zikomo Fields pulls in more than $100,000 a year as a software engineer in Kansas City, Mo. But the 36-year-old has no bank account. It’s not that he doesn’t want one. Fields simply hasn’t found a bank willing to house his money. Instead, he walks around with $23,000 saved on a prepaid debit card. Fields […]

Knowing more about which banks use ChexSystems

Wondering which banks use ChexSystems? Well, the fact is that many of them are and this is certainly great news for their activities and profits, because it’s very well known that banks lose millions of dollars every year due to check frauds. The banks that have decided to use ChexSystems are basically banks which are […]

Listed in chexsystems for suspected fraud activity?

If you have been listed in the Chex Systems Inc. database for suspected fraud activity than this chexsystems experience may be related to you? “I have been in business for over 25 years, and had a business bank account with JP Morgan Chase Bank for 10 of those years.  Many of our clients paid our […]

How Many Non Chexsystems Banks Are There?

Consumers that have had problems with bounced checks, overdrafts, or unpaid fees may need to find non chexsystems banks to open an account. Chexsystems banks are banks that keep track of negative checking account transactions through a company called chexsystems. Before any participating chexsystems banks will open an account for a person, a teller or […]

What Are The Banks That Use Chexsystems?

Twenty years ago, it was difficult to find banks that use Chexsystems. Today, banks that use Chexsystems are seemingly everywhere. Anyone can visit any town in the U.S. and find a number of banks that use Chexsystems as a security measure. However, it is still possible to find banks that do not use this ubiquitous […]

What You Need To Know About No Chexsystems Bank Accounts

Being stuck in Chexsystems can be a frustrating experience, particularly if you are in Chexsystems because of an honest mistake or identity theft. You might have heard about no Chexsystems banks that provide alternative solutions. Some banks promote no Chexsystems bank accounts to attract customers who have had past bounced checks, unpaid overdraft loans, or […]

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 […]