ChexSystems – Getting Off And Finding Non ChexSystems Banks
Author: John Hostler
For many, getting listed on ChexSystems is akin to the kiss of death as it relates to any kind of real banking. ChexSystems, owned by Deluxe, is not the judge, executioner, or jury…rather they are the prison in which you will reside for up to 5 years, once they have listed a negative entry about you in their database.
Listings can range from minuscule (cents) all the way up to incredibly large amounts, and typically most people have never even heard of ChexSystems until they end up in that database.
Banks report their account holders to ChexSystems for any number of reasons (some fair and some not so fair) and they are ultimately the ones who decide if you stay on the list or not.
Reasons for being listed in ChexSystems include but are not limited to:
Overdrafts on accounts that are not repaid in a timely fashion
Misuse of banking cards
Misrepresentation at time of bank account application
Once a person has been listed in ChexSystems,
ChexSystems
Non ChexSystem Bank
Non ChexSystems Banks
Non ChexSystems Banks IL
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