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If a bank reported you to chexsystems can they report you to Telecheck too?
Wiki User
∙ 15y ago
yes Chexsystems and Telecheck are both consumer reporting agencies and some banks and credit unions use them both and report to them both
Wiki User
∙ 15y ago
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Can you open another bank account if one has been frozen?
It depends on the other bank. If your account was frozen and you were reported to chexsystems, telecheck, or ews there is a good chance that if the new bank that you are applying at may deny you if tehy use these same outside sources to verify. You would be best to find a non-chexsystems, telecheck, or ews bank if you were reported to one of them
How do you get off the Chex System?
Answers: There is no guarantee for removal but since chexsystems is a CRA, everyone has the right to dispute their report with both the banks and chexsystems. The idea is to catch them in an error. Unless the info was reported in error, you can't. You can write them and ask, but if they verify the information with the bank, you will remain on their list for five years, making opening a new bank account difficult. If you pay off the bank that reported you, this info will be reported, and there will be a "paid" status on your record, but you'll still be on there for the full five years
Will you be removed from ChexSystems even if the balance has not been paid off?
After five years. At least that is how long they kept me in and I paid. It makes no difference if you pay or not. You will still be in Chex systems for at least five years. The only way to get out of chexsystems is to wait the 5 years or file a dispute with either chexsystems or the bank that reported you to chexsystems. There is no guarantee for removal. Paying Chexsystems will NOT remove you. They do however have to make sure their records show that no debt is owed. Chexsystems is a CRA and must adhere to the FCRA. All information on your report MUST be accurate or deleted.
Does blackhawk bank use chexsystems?
Yes, Blackhawk Bank does use a Chexsystems product.
Can you get a bank account at a credit union with bad credit?
Most credit unions will allow anyone that is eligible for membership to open an account. It depends on what they use to verify a checking account when opened as to if they will allow you to open a checking. Some use a credit report and some use chexsystems, ews or telecheck
Can you open another bank account if one has been frozen?
It depends on the other bank. If your account was frozen and you were reported to chexsystems, telecheck, or ews there is a good chance that if the new bank that you are applying at may deny you if tehy use these same outside sources to verify. You would be best to find a non-chexsystems, telecheck, or ews bank if you were reported to one of them
What are the banks in Texas that doesn't have chexsystems?
There are some yes that do not use chexsystems. Many banks in Texas use Telecheck instead. 1st COnvenience bank is a bank that does not use chexsystems.
Where can you open a bank account that does not use chexsystems?
There are many banks that do not use chexsystems and there are some that offer second chance checking and make exceptions for those that have been reported to chexsystems.
Why would you not be allowed to open a new checking account?
There are many reasons that a bank will deny a customer the opening of an account. 1.If you have been reported to chexsystems or telecheck, they may deny you for that reason. 2.if you still owe outstanding debt to an old bank, they may deny you. 3.If your credit is not sufficient.
How do you get off the Chex System?
Answers: There is no guarantee for removal but since chexsystems is a CRA, everyone has the right to dispute their report with both the banks and chexsystems. The idea is to catch them in an error. Unless the info was reported in error, you can't. You can write them and ask, but if they verify the information with the bank, you will remain on their list for five years, making opening a new bank account difficult. If you pay off the bank that reported you, this info will be reported, and there will be a "paid" status on your record, but you'll still be on there for the full five years
Are there any banks that do not use Chex Systems or Telecheck?
Some banks that do not use Chexsystems or Telecheck reports are TCF Financial, National City Bank, PNC Financial Services, and Compass Bank. Another option would be to get a prepaid Visa or MasterCard account which allows for direct deposit.
What are some of the banks in California that do not use ChexSystems?
Several of the banks in California do not use ChexSystems. San Mateo Credit Union, Golden One Credit Union and San Francisco Federal Credit Union. At some of these banks you will need to qualify to apply. You can check out more details at Chextalk online.
Can you open a savings account if you are on chexsystem?
Answer Most banks that use chexsystems will not allow you to open an a savings or a checking account if you have been reported. There are more credit unions that allow those reported to chexsystems to open a savings if you are eligible for membership even if your chexsystems report is stopping you from having a checking with them.There are some Nationwide banks like ING Direct that will allow anyone to open a savings account. They do not use chexsystems at all. Of course ING requires a person to link to an existing checking account. Chances are a person on ChexSystems doesn't have any kind of bank account nor can they get one. So pursuing opening an account with ING is not possible.Paying the debt owed to the reporting bank will NOT remove you from chexsystems. Many times paying off a debt that is owed to the reporting bank(s) can cause you to be reported even longer. The bank or credit union is allowed to report you 5 years from the last date that the account was paid on/or paid off.AnswerEventually it will just be easier to pay off the bank that put you on chexsystems in the first place. Often people get into trouble with overdraft fees, particularly before the 2010 laws, but they still owe the money, and there is really no way out without settling up with that bank.
Will you be removed from ChexSystems even if the balance has not been paid off?
After five years. At least that is how long they kept me in and I paid. It makes no difference if you pay or not. You will still be in Chex systems for at least five years. The only way to get out of chexsystems is to wait the 5 years or file a dispute with either chexsystems or the bank that reported you to chexsystems. There is no guarantee for removal. Paying Chexsystems will NOT remove you. They do however have to make sure their records show that no debt is owed. Chexsystems is a CRA and must adhere to the FCRA. All information on your report MUST be accurate or deleted.
Can you have bank account after bankruptsy?
Yes. Bank accounts are not linked to your credit accounts. The only thing that would keep you from opening an account is if you are reported to ChexSystems. You might also have difficulty opening a bank account at a particular bank if you had an account with them before but you had to close it as part of a deal concerning a credit card of theirs. Just make sure you aren't on ChexSystems and you'll be fine, or look for banks that don't use this system if you are. Bankruptcies are not reported to ChexSystems, only your credit reports...
Does blackhawk bank use chexsystems?
Yes, Blackhawk Bank does use a Chexsystems product.
You have open an account with a bank its been a week now they want you to close your account because they found a problem with Chex Systems what can you do?
Some banks have online applications that will approve immediately. Then the bank will wait until the signature card is sent in to actually look at the Chexsystems report. At that point, they will send back the initial deposit and close the account. Then there are other banks that do "sweeps" on accounts. This is where a bank, generally the loss prevention department will do a random check on accounts with chexsystems. If they find that the customer has a chexsystems record, they then will determine that they person may be a risk and they will freeze account, and later close it. For these reasons I always suggest that if you have been reported to chexsystems that you try to find a bank that does not use ChexSystems if at all if possible. Now an exception to this rule is if a bank opens an account and is aware of the chexsystems report. Most times you will be fine with these circumstances. Unfortunately, there have been situations that were reported to me where for example a manager of a branch decides to open an account and over ride the chexsystems report for the customer. Then later the loss prevention department determines that the manager was not correct to open it and once loss prevention decides it is a potential risk, they will freeze the account and then close it. These situations can create a very bad situation for some customers especially is they have all of their money in this one account when it is frozen and closed. If a bank does decide to freeze an account, they will not allow a customer access to their money for a period of time that is normally 30 days or more. I can not begin to tell you the horror stories that I have heard over the years when this happens. Because of this, I suggest that you always have a back up account if you are going to bank with a bank that uses chexsystems.
