ChexSystems The Banking Giant in the Background.

June 1, 2012 - PRLog -- Most people to go the bank, open a checking account and have no problems, but there are some people who’s have previous blemishes on their record. When these people try to open a checking account they are often denied a checking account because of ChexSystems.

What is ChexSystems?

Chexsystems is the giant of the bank industry, similar to a credit rating agency for banks. When banks run a person’s background record they usually run it through Chexsystems. Chexsystems produces a report which details if you have any outstanding issued checks. Those who do are often denied a checking account. The great majority of banks run people’s histories through ChexSystems.

Another unfortunate issue  even if you clean up your history the report may not be up to date or your previous bank may not have notified ChexSystems to have your issue cleared which would result in you still getting denied for a checking account.
Like other credit agencies, ChexSystems is required by law to provide you with information related to the reason you are on their report. The process is anything but simple. It’s often long and tedious in getting a person’s name removed from ChexSystems Records.

For More information on ChexSystems and how to file a dispute or a list of banks that do not use ChexSystems in your state, please visit http://www.chexaccounts.com