On Chexsystems? Consider Debit Card Accounts To Get Back To Banking
If you’ve ever written a bad check (whether it was on purpose or accidental) or have had problems with banks, there’s a pretty good chance that you’re on a list maintained by ChexSystems. This list can cause you a lot of problems when it comes to getting a new bank account or doing other banking tasks. ChexSystems is a Consumer Reporting Agency, like TransUnion, Experian, and others. It provides a list of customers that it considers to be high risk to banks across the country.
Not everyone on this list really is a big risk, though. Some people end up on it because of errors in data, theft of their identities, and many other mistakes. Once you’re on the list, however, it becomes very hard to get a new bank account. Most banks use ChexSystems data to decide whether or not you’ll be allowed to open an account, whether or not that data is accurate. If you’ve been trying to find a bank that doesn’t use the ChexSystems database in your area, you might have gotten frustrated, and resigned to going through life without an account. However, don’t give...