I went to a local bank and was told I could not open an account, due to something reported in Chex System. They gave me a form to fill out and send in, I did. It came back clear as a bell, what gives?

Assuming your report contained no adverse information such as NSF activity or conflicting information on identification - Some banks have internal policies not to open accounts where a potential customer has recently visited a number of banks in the recent past. While in most cases an individual may only be shopping for an institution that might go public or rate shopping - some institutions have adopted the denial of an account for fear of potential fraud - however these banks generally will open an account after 90 days of no activity reported on Chex systems.

This is a double post please post only once. Refer to the one made in Ask A Banker Forum

will being on Chex System affect my credit score?

The information reported to Chex Systems is not normally reported by banks to the major credit bureaus and it most likely will not impact your credit score.

how long are you in chex systems for? and how do you get of it?

for 5 yrs, well the bank can decide whether or not to drop it of course after you have paid your unpaid closure, and the record will be cleared after 5yrs, usually you will not be able to open an account at another establishment because they look up whether or not you have a Chex systems record. The banks that will are usually called "second chance" banks and be prepared to have a lot of fees when opening account like that(2nd chance)

Does anyone happen to know of any second chance banks? I was put on Chex Systems 2 years ago because of something I dispute to this day. It is a big bank and I haven't a chance of fighting them. I need a checking account but have found myself up against a wall. Any help would certainly be appreciated.

Your best shot is to check with some of your small local banks. Pretty much any large commercial bank will use Chex Systems. A lot of the smaller banks will also, but you have a better chance at getting one approved even with a record if you tell them your case.

I work for a small bank and here is something that we have done in the past. Let the customer open up a Savings Account and if the account is kept in the positive for 1 year, we will then let them open up a Checking Account. However, this is considered a high risk account is continually monitored.

Seadevil

Seadevil- We used to do that as well, however, we were running into Reg D. issues.

We now just open a checking account with no overdraft priviledge and no debit card.

Where I can have an copy of my chex system report?

Google ChexSystems and go to their FAQ page. There you will find the answer to your question.

Good morning

I was wondering if you file a Chapter 7 bankrupcy, will that erase your chex system record?

Bankruptcy does not erase anything.

If you have an account closed then how do the bank set about recouping this debt? what happens if you were to live in the UK?

They contact Interpol and hunt you down. Can we get serious here?

Does anyone have a number for ChexSystem?

The number for chex system is 1-800-428-9623.Fax 972-241-4772 and address 12005 Ford Road suite 600 Dallas, Texas 75234.Needless to same I've contacted them many times I don't know if it's the same for every state but worth a try!!!!Good Luck

I have a dilema I paid community credit union 3-4 years ago and about a year and a half ago we went to go open a account and the bank said i never paid so my husband and i went up there and paid again and now we moved to the middle of no where went to go open a new account and guess what i should up in the chex system.The bank is saying i never paid them. and the bank of texas only held the receipt for 1 year..Now what do i do? my husband says just go pay it again but now it's a matter of humilitation and determination!!!

The answer to your question varies greatly depending on the method of payment to the bank. If you paid with cash and don't have a receipt there is very little recourse. However, if you paid with a credit card, or a check from another institution, there will be a record of payment somewhere. Also, is it the bank that is saying they were never paid, or is that what has been reported to chex systems? Often times the bank may have failed to report the payment to chexsystems. Thus, chexsystems reports an unpaid charge-off when it may actually be a case of the bank not updating the information. Either way, chexsystems will keep the report on file for a period of 5 years, whether or not it was paid.

try skylight.net is a direct deposit bank and they do not ck chex system

If you choose to go with Skylight, make sure you read closely the fees and withdrawal limitations...