chexsystems database (Owned by the Deluxe corporation) lists
over 23 million people who can not get a checking account.
U.S Banks and credit unions use chexsystems so as to protect
themselves fro what they call " mis-handled" accounts.
How can you end up in this database? THere are several ways
for example; Multiple overdrafts; NSF (non- sufficient funds;
Savings account, debit card, and/or ATM abuse; Any form of
fraud; false representation when opening your account; if
your bank was unable to collect money you owe them - this
could be $2 or $40,000, it does not matter; or when a bank
has a "cause" to close your account - this "cause"
though varies from bank to bank. To see if you have been reported
for any reason you can find out by contacting:
12005 Ford Road, Suite 600
Dallas, TX 75234-7253
Fax: (972) 241-4772 or
phone:(800) 428-9623 or (972) 280-8585
will be able to get your report for free if you have been
denied an account in the past 60 days, otherwise there is
an £18 charge. Bare in mind that if you do contact them
they will need some detailslike your name, address, SSN, Date
of Birth, Drivers licence number and your prior address depending
on whether you fax, write or phone them. It is essential to
have all this information at hand. They need this information
so that they can make all accurate searches related to you.If
you want to get the reprt related to your spouseyou will need
a notarised Power of Attorney or related document signed by
your spouse ( or whomever it may be)authorising you to obtain
their report. They are compelled by the Law to deal only with
the individual to whom the report is about. This is naturally
to protect consumer privacy.
is not a credit bureau but a consumer reporting agency governed
by the Fair Trade Reporting Act and other Laws. The reports
remain on file for 5 years unless the Bank or Credit Union
that placed the report requests it's withdrawal or is made
to remove it by law. Please not that Chexsystems has no power
to approve or decline the opening of accounts with banks or
you receive a collection notice from Chexsystems Collection
agency you need to pay them directly and for any outstanding
debt you need to pay the bank or Credit Union concerned.
information on your consumer file can be disputed by adding
a brief statement to your file. To do so submit your signed
statement in writing stating specifically you want it to be
added to yor file.you may contact chexsystems for help with
this. You can order your consumer report securely online by
percent of U.S Banks use Chexsystems and it can be very and
it can be very challenging trying to find a Bank that will
give you a checking account if you have been listed in Chexsystems.
Ifyou are one of the 23 million people who suffer this plight,
there is a service that can help you locate the Banks that
do not use Chexsystems and help you can help you get delisted
from the Chexsystems database. Click
Here to find out more about this service.
policy of most banks is to reject a new checking account application
if the applicant has one or more incidents reported to chexsystems.
few other options open to you if you have been listed apart
from getting a non chexsystems account. A good alternative
is to try to open a Savings Account only first as some banks
do not check with chexsystems for this. You can also try requesting
an offline verification in the hope that your name will not
be found orhave your spouse apply separately for an individual
account in hte hope that the Bank will not be able to match
both of you to the same incident. Try to build a relationship
with the bank once successful and afterwards procceed to open
a joint account.
this in mind the first option should still be applying for
a non-chexsystems checking account. You can find a list of
paying a membership fee of $39 for a constantly updated list
of 100 Banks which do not use Chexsystems.
last potential option is to open a checking account in a Canadian
or other foreign Bank that has representation in the United
states for example Bank of Montreal, Toronto Dominion, Royal
Bank of Canada etc.