Federal law lets you request a free checking account report once a year from each of the nationwide agencies, including Certegy, ChexSystems, Early Warning Services, and Telecheck. You have the right to dispute any inaccurate information.9 Frequently Asked Questions (FAQs) What Is a Checking A...
The good news is that these secret bank account reports are subject to theFair Credit Reporting Actjust like your credit reports, and you can request a free copy once a year so you can review them for accuracy and dispute any errors. The bad news is that there are six—yessix—reports ...
On the other hand you could handle your bank account perfectly for twenty years and have one bad incident. If this incident is reported to Chexsystems, you will probably not be able to open a new bank account despite your perfect handling of your checking account privileges for many years. ...
When you go to open an account, or would like to be added to another person’s checking account, the bank may run a ChexSystems report run on you. If you have any negative reports, the bank can decide to deny you the account, impose restrictions or offer you a different type of acc...