ChexSystems: The Basics

Overview

Are you having trouble opening a banking account?Denied a Bank Account?
Do you keep getting denied and can’t understand why? This may be caused by a service, used by financial institutions, called ChexSystems. What is ChexSystems? And what does it have to do with you? I’m glad you asked.Approximately 80% of all banks and credit unions nationwide are members of, or use, ChexSystems. ChexSystems is a database of information, provided by financial institutions, containing reports on consumers with account mishandling issues in their past.

ChexSystems is used by banks when… Continue reading

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