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ChexSystems Company News

Wed, 12 Oct 2016 00:05:04 GMT
Unbanked Hispanics Pay Steep Fees for Alternative Financial...  -  Palm Beach Post
Mayra Navarro's bank closed her account after a series of overdrafts. She wasn't eligible to open another bank account because she had been blacklisted by ChexSystems, an agency that tracks your banking history. Like many unbanked Hispanics, she ...
Thu, 04 Aug 2016 14:04:35 GMT
Denied a Checking Account? What to Do Now  -  NerdWallet (blog)
Under the Fair Credit Reporting Act, you have a right to ask ChexSystems for a free copy of your file if you're denied a bank account. You can also request a free copy at least once every 12 months. If there's an error, you can dispute the information ...
Wed, 27 Jul 2016 10:24:18 GMT
How to Open a Checking Account When You Have Bad Credit  -  MoneyRates.com
Rather than bad credit, what consumers should be concerned about is their ChexSystems report. That's where banks record which consumers bounced checks, had accounts closed due to unpaid overdrafts or who otherwise owe a financial institution money.
Fri, 22 Apr 2016 17:37:01 GMT

Churches, Banks Preach Financial Literacy in African-American Communities  -  NerdWallet (blog)
To remedy this, she wrote a book herself: “I Got Bank!,” featuring a 10-year-old African-American boy who learns “things kids need to know about, like check cashers, ChexSystems, how a low credit score can stop you from getting a loan — and even some ...
Mon, 28 Mar 2016 23:42:41 GMT
Blacklisted by ChexSystems? Here's What to Know  -  NewsOK.com
When you apply for a bank account, most banks use an agency called ChexSystems to see whether you have mishandled any accounts in the past. A negative report can affect whether your application for a new account is accepted. The review process is ...
Sun, 20 Mar 2016 12:44:19 GMT

What Do Banks Look For When Opening Bank Accounts?  -  Deposit Accounts (blog)
ChexSystems keeps track of all your sins. If your bank account is closed for "cause" ChexSystems' database likely has that info because your bank ratted you out. Some banks will tell you straight up they will not open a checking account for you if you ...
Tue, 20 Oct 2015 17:57:54 GMT

Report Attacks ChexSystems, Early Warning  -  Credit Union Times
The National Consumer Law Center and Cities for Financial Empowerment Fund released a report Monday that charged consumer reporting agencies such as ChexSystems and Early Warning Services with helping prevent millions of Americans from ...
Mon, 05 Oct 2015 23:45:34 GMT

How Long Does It Take to Open a Checking Account?  -  SavingAdvice.com
The bank will take your information and run it through ChexSystems before deciding if you are authorized to open a checking account. ChexSystems is a database of people who have had their bank accounts closed by banks for fraudulent activities such as ...
Mon, 31 Aug 2015 23:23:26 GMT
5 Steps for Getting Your ChexSystems Record Cleared  -  NerdWallet (blog)
If you've been turned down for a bank account, chances are you have a ChexSystems record. Your ChexSystems file has information about any checking or savings accounts you've held that your financial institution has closed because of mishandling.
Thu, 11 Jun 2015 20:32:12 GMT

Second-Chance Checking Accounts Could Be the Solution to Your Banking Needs  -  Motley Fool
When customers mismanage their checking accounts, banks report the information to the ChexSystems Network, which is essentially the credit bureau of the banking world. For example, if a customer overdrafts a checking account and doesn't pay what's ...