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Database can shut people out of accounts

Zikomo Fields pulls in more than $100,000 a year as a software engineer in Kansas City, Mo. But the 36-year-old has no bank account. It’s not that he doesn’t want one. Fields simply hasn’t found a bank willing to house his money. Instead, he walks around with $23,000 saved on a prepaid debit card. Fields […]

Minor trouble shouldn’t mean long ban from banks

Banks are under no legal obligation to do business with people who have been financially irresponsible. Even so, the common practice of blacklisting customers who have made minor financial missteps and denying them access to basic banking is an abuse that hurts the economy, young adults and poor neighborhoods. It’s up to consumer advocates and […]

What Is a Early Warning Services Report?

Many consumers have heard of the ChexSystems company and the ChexSystems report. ChexSystems is a credit-reporting agency that keeps a database of consumers who have had negative interactions with banks. A person who has drawn a check on a closed account or overdrafted and never fixed the discrepancy may end up on such a report. […]

What Is Early Warning Services?

In this world of technology, high-speed communication, and online interaction, financial information has never been more at risk. Even though technology is precisely what establishes such a high risk for businesses and even consumers, it is also technology that presents part of the solution. Early Warning Services utilizes that same technology to protect businesses, educate […]

Knowing more about which banks use ChexSystems

Wondering which banks use ChexSystems? Well, the fact is that many of them are and this is certainly great news for their activities and profits, because it’s very well known that banks lose millions of dollars every year due to check frauds. You don’t have to be a victim of check fraud get help from […]

Listed in chexsystems for suspected fraud activity?

If you have been listed in the Chex Systems Inc. database for suspected fraud activity than this chexsystems experience may be related to you? Get help from Litigo with your issues. “I have been in business for over 25 years, and had a business bank account with JP Morgan Chase Bank for 10 of those […]

How Many Non Chexsystems Banks Are There?

Consumers that have had problems with bounced checks, overdrafts, or unpaid fees may need to find non chexsystems banks to open an account. These banks are banks that keep track of negative checking account transactions through a company called chexsystems. Before any participating chexsystems banks will open an account for a person, a teller or […]

What Are The Banks That Use Chexsystems?

Twenty years ago, it was difficult to find banks that use Chexsystems. Today, banks that use Chexsystems are seemingly everywhere. Anyone can visit any town in the U.S. and find a number of banks that use Chexsystems as a security measure. However, it is still possible to find banks that do not use this ubiquitous […]

What You Need To Know About No Chexsystems Bank Accounts

Being stuck in Chexsystems can be a frustrating experience, particularly if you are in their database because of an honest mistake or identity theft. You might have heard about no Chexsystems banks that provide alternative solutions. Some banks promote these accounts to attract customers who have had past bounced checks, unpaid overdraft loans, or other […]