ChexSystems is a consumer reporting agency that runs reports on your savings and checking account history. It is commonly used by banks and credit unions to screen applicants before approving new ...

Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. If you apply for a new checking ...

Opening a new checking or savings account can be difficult if you have a spotty banking history. Banks and credit unions report negative account activity such as involuntary account closures, habitual ...

ChexSystem is a reporting agency sort of like a credit reporting agency, like Experian, Equifax or TransUnion, but unlike those bureaus, ChexSystems only reports on activity related to deposit ...

A bad ChexSystems score may not scar you for life, but it does severely limit your choice of banks for those 5 years that your banking record remains tarnished. A little over 80% of banks you apply to ...

Second chance checking allows bank access to individuals who have been denied checking accounts due to bad banking history, and also allows those who have been blacklisted to rebuild their history.

We know they’re out there. Banks that don’t use ChexSystems don’t make a secret of their second chance banking. To clarify the verb “use” here, we’re not saying that this 20% of banks in the US is ...