Comments on: Check your “ChexSystems” report

By: Baloney

Baloney — Mon, 01 Feb 2010 19:59:08 +0000

Remember, these banks hire "Chexsystems" to find out NEGATIVE information ONLY. This means an agent on the other end of the phone may NOT be telling the whole story.

I had a series of overdrafts caused one weekend in 2005 by a computer system changeover at Charter One. The matter was resolved. I have had THREE business checking accounts since that time, along with PERSONAL checking accounts and also SAVINGS accounts.

Today I wanted to go back to one of the banks I had a few years back, that obviously didn't have an issue before....since they gave me an account. Today, they said they couldn't give me another business account because of an incident in 2005. Well, this same bank had one of my previous checking accounts AND has a current personal savings account.

So what was reported by Chexsystems to Comerica? Only the section about the overdrafts (that were the result of Charter One's computer situation....). No mention that the situation was resolved, which was further down the report.

Perhaps this is another piece of the puzzle on why banks are failing???

By: guaranteed checking accounts

guaranteed checking accounts — Fri, 30 Jan 2009 23:59:29 +0000

Many people are often denied access to new bank accounts after being reported to Chexsystems. Those who have this problem should contact Chexystems to find out what was reported. Every effort should be taken to clear the debt. There was a nonprofit program called Get Checking that offered access to new accounts with mainstream banks after all debts with Chexystems were taken care. Participants also had to complete a one day financial literacy course. Unfortuntately, the program seems to be on hold. I suppose they lost their funding?

Luckily there are other options. There are two banks that will open a checking account regardless of credit or chexsytems. Also, you can open a savings account with ING direct, but you do need to have a checking account in order to open one.

Hope this helps! =)

By: Stopchex

Stopchex — Wed, 14 Jan 2009 13:42:04 +0000

People end up on the chexsystems list for a bunch of reasons (including bouncing checks). If you have ever had a dispute with a bank (about past due fees, unauthorized charges, etc.), there’s a chance you might have a negative item on your chexsystems consumer report. It’s best to order your report to find out before finding out when you try to open an account.

By: Siegel

Siegel — Tue, 14 Mar 2006 02:00:18 +0000

If a prior debt was eliminated in a Chapter 7 bankruptcy case, does CheckSystems have an obligation to report the debt as discharged? I believe that debtors can be denied access to banking priviledges if they have outstanding bank charges, although discharged, on their credit reports.