Who is chexsystem to say a person cannot open a bank account when after all the unpaid bank fees are because of banks?

Similar questions: chexsystem person open bank account unpaid fees banks.

Chexsystem does not determine if you can open an account That is a decision your bank makes based upon information it receives from chexsystem as well as the credit reporting companies. And it makes sense - if a person has a history of bouncing checks, why would the bank want that person as a customer? A history does not guarantee a future, but it's a good indication of probably behavior.

If this happened to you, just keep looking around at other banking institutions that may be willing to trust you, and make certain it doesn't happen again.

It's the bank The bank has made the decision to not open the account for you based on information about you in the ChexSystems database. ChexSystems is simply the clearinghouse for that information. If you are in the ChexSystems database (whether for retail indicators or previous bank issues), the bank (or banks) who put you there is the only one who can remove you.

If you have unpaid fees that you shouldn't have been charged, it would probably behoove you to fight the good fight to get this cleared up and have your name removed from ChexSystems. If the fees are legitimate and you owe the money, see if you can negotiate with that bank to have them remove your name from ChexSystems once you have paid them back. Depending on the bank, the above advice may be easier said than done.Be sure to get names and direct extensions (if possible) for the people with whom you worked.

Keep a log of conversations and copies of any correspondence that may occur.

Because it is the Bank telling Chexsystem to not cash any checks by you, Every bank is on the same computer system............For instance, If you owe your bank fees and and don’t pay (for whatever reason) and they close your Account............then when you try and open another saving/checking account............they know about you owing bank fees/charges and until those are paid you will not be able to acquire a bank account anywhere or be able to get checks approved through "Chexsystem" or other company’s alike. Sources: My own experience ~*casron*~'s Recommendations Modern Banking Amazon List Price: $80.00 Used from: $66.58 Average Customer Rating: 5.0 out of 5 (based on 3 reviews) The Standard & Poor's Guide to Measuring and Managing Credit Risk Amazon List Price: $66.580 Used from: $36.581 Average Customer Rating: 4.5 out of 5 (based on 3 reviews) Dictionary of Banking Terms Amazon List Price: $16.580 Used from: $6.581 Average Customer Rating: 5.0 out of 5 (based on 6 reviews) My Reality Check Bounced! : The Twentysomething's Guide to Cashing In On Your Real-World Dreams Amazon List Price: $16.580 Used from: $6.581 Average Customer Rating: 4.5 out of 5 (based on 13 reviews) Fringe Banking: Check-Cashing Outlets, Pawnshops and the Poor Amazon List Price: $16.580 Used from: $6.581 Check cashing services offer new profits.

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1 casron, regarding your answer "Because it is the Bank telling Chexsystem to not cash any checks by you,":Not true. The banks are on a system for their own branches, but a Wells Fargo bank does not share information with Bank of America. Wells Fargo will share your information with the credit reporting companies, however, and BofA can access that. As to Chexsystems, I don't think they have any connection with the banks, but with merchants.

Casron, regarding your answer "Because it is the Bank telling Chexsystem to not cash any checks by you,":Not true. The banks are on a system for their own branches, but a Wells Fargo bank does not share information with Bank of America. Wells Fargo will share your information with the credit reporting companies, however, and BofA can access that. As to Chexsystems, I don't think they have any connection with the banks, but with merchants.

2 Also, there are a couple of banks out there who will open accounts for people on ChexSystems, but you have to complete a money management class (I believe it's run by ChexSystems), have paid back any fees owed and have not had a ChexSystems record added for one year. This information is about 6-8 years old however, so use with caution! .

Also, there are a couple of banks out there who will open accounts for people on ChexSystems, but you have to complete a money management class (I believe it's run by ChexSystems), have paid back any fees owed and have not had a ChexSystems record added for one year. This information is about 6-8 years old however, so use with caution!

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