A ChexSystems report examines data submitted by banks in the past five years. A report may describe banking irregularities such as check overdrafts, unsettled balances, depositing fraudulent checks, or suspicious account handling. Banks may refuse to open a new deposit account for a consumer that has a negative item reported.
A ChexSystems review analyzes data from banks over the past five years. A report might outline banking issues like overdrafts, unpaid balances, counterfeit check deposits, or suspicious account practices. Banks may refuse to open a new savings account for someone with a negative entry on their file.