Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. If you apply for a new checking ...

Opening a new checking or savings account can be difficult if you have a spotty banking history. Banks and credit unions report negative account activity such as involuntary account closures, habitual ...

If you’ve ever been denied a bank account, chances are the decision was made after your banking history was reviewed through ChexSystems, which is a credit bureau that screens consumers seeking to ...

With ChexSystems, all that information is synthesized and packaged automatically according to criteria we set. If there are any remaining risk factors, then the decision can ultimately be left to a ...

NEW YORK – Santander Bank has agreed to stop using a policy that often kept poor and low-income individuals from being able to open new checking or savings accounts, the bank and New York Attorney ...

ChexSystem is a reporting agency sort of like a credit reporting agency, like Experian, Equifax or TransUnion, but unlike those bureaus, ChexSystems only reports on activity related to deposit ...

ChexSystems is a consumer reporting agency that runs reports on your savings and checking account history. It is commonly used by banks and credit unions to screen applicants before approving new ...

A bad ChexSystems score may not scar you for life, but it does severely limit your choice of banks for those 5 years that your banking record remains tarnished. A little over 80% of banks you apply to ...

For years, lower-income consumers often found it impossible to get basic banking services such as a checking account because banks use a consumer reporting agency's information to deny such services.