What Are ChexSystems Banks?

What Are ChexSystems Banks?

If you have a history of bank overdrafts, bounced checks, or unpaid balanced to your bank. You may already be very familiar with ChexSystems or Chex Systems Inc. a company owned by FIS. If you haven’t heard of them, or perhaps your bank has flagged you for the first time in the ChexSystems database. Chex Systems Inc. is an agency that monitors checking and savings accounts to help protect banks. ChexSystems banks are banks that use their database, and are subscribed to a network that provides negative banking information on customers. Who might have had trouble with bad checks, overdrafts, or outstanding bank balances, and may cause financial trouble to the banks who would set up new checking, and savings accounts for them. You may also want to contact Litigo for assistance in filing dispute against the information banks have reported.

Litigo Inc. is not owned, operated, or affiliated in any way with Chex Systems Inc. or its parent Fidelity National Information Services (also known as FIS). Litigo cannot remove, update, or verify a consumer’s file in the CHEXSYSTEMS database, which is owned and operated by Chex Systems, Inc. Litigo can assist you in filing a dispute against the negative information that banks have reported to Chex Systems. Contact Litigo for assistance 1(877) 432-4818.

How Can Your Name Get Listed From ChexSystems Banks?

There are many ways to wind up on a their list. Most commonly a bank will flag you in the ChexSystems database for having an outstanding balance due to an overdraft, bounced checks, or even the deposit of a bad check. In the majority of states, writing bad checks is a crime. The banks who send money based on those bad checks will cause a major financial problem and losses for their bank. This is why they protect themselves by being ChexSystems banks which gives them access to the their database. The majority of people who are listed by a ChexSystems bank are because of large negative bank balance that goes unpaid for a long period of time and/or results in the closing of your savings or checking account call Litigo for help. Not paying your negative checking or savings account balance shows that you are not responsible with your finances, and will label you as a higher risk category than other customers that might try to open an account at a bank that uses their database. Which is why you might want to contact Litigo to help you file dispute quickly.

The hard part about finding your name in the ChexSystems database list is that banks normally will not explain why they reject your application for a checking account Litigo can help you solve this issue. Typically banks will use a generic phrasing for your rejection such as “you’re listed in ChexSystems” or something to that effect so it isn’t immediately apparent that an existing negative balance or closed account is causing you not to get this new account. The majority people of people who have this happen my or may not know the cause of why they are listed in their database or for that matter what it is? This causes the consumer to usually resort in some kind of second change checking account because they have not gathered all the facts on their file. Don’t get a second chance account get help from Litigo to restore a real account.

Do All Banks Not Accept people reported?

Absolutely not. Just because banks that use their database, and have information about your banking history, and may be alerted that you could be a potential risk for the bank. Doesn’t mean that the bank won’t work with you to set up a banking relationship. However this is of the bank branch managers to decide the majority of the time it depends on what you were listed for? If it was an overdraft vs suspected fraud activity they may overlook the overdraft by deny someone with suspected fraud.  ChexSystems is a reported information system, not a decision making system and each bank will make up their own mind whether or not to allow you to set up new accounts. Some banks have special terms for bad banker checking accounts, and will work with you even if you are a moderate risk. Others will ask you to open up a secured checking account where you provide valuable materials as collateral to help reduce the amount of risk that the ChexSystems bank has on creating your account. Call Litigo for help 1-877-432-4818

Are There Banks That Do Not Use ChexSystems?

The bad news is that most major banks today use their database, or something similar. The list of ChexSystems banks is growing every year. The good news is that there are banks that do not use the ChexSystems database but most are credit unions that require access for example Navy Federal Credit Union uses early warning services and requires you to be active duty, served, retired, or family of military to join and they do not use ChexSystems database. You are free to call around and ask some of your local banks directly. But don’t expect that bank to answer your question directly, since all banks don’t want to take on more risk than they need to, so be prepared to get the runaround. Also remember that these banks that do not use this database can be few and far between causing you to waste money driving out of your way to make deposits. Or the amount of fees you will rack up using atm’s that are not at the bank branch. The best solution is to get removed from the database so you can start using ChexSystems banks again for convenience. Litigo can help you find the best bank to set up fast.

How Can I Be Removed From ChexSystems Database?

Unfortunately getting your name removed from this database isn’t easy task to take on yourself, litigo is hear to help and with tons of websites on the internet who claim that you can quickly trick the banks and ChexSystems with their free dispute letters. Do a proper filing with Litigo’s help. But the truth is there is no fast “free” way out. The first step to getting your name off the list is to sort out all of your financial accounts and make sure that all of them are to date. This means if you have an outstanding balance you know about with a bank contact them and settle that amount. The majority of the time they will settle for much less than what you currently owe.  So if you have unpaid balances or outstanding bad bank accounts you need to contact the ChexSystems banks, preferably the branch managers, and come up with a settlement to make the account paid in full. That could be paying back bad debts, paying off fees or just making sure your account is current. Remember you can settle these for a lesser amount but you need something stating they are settled accounts. You can also dispute the information they have reported by contacting Litigo for help.

Chex Systems Inc. themselves won’t take your name off the list at your direction so calling them doesn’t really do a lot of good. But if you like to they can be reached live at 1-800-513-7125 make sure to dial extension 7 which will allow you to reach a live support operator who is based out of India. You can also try 1 (800) 428-9623 which is posted as their contact number on their website and in them major search engines. You can also contact Litigo for help with your issues. But this is not their consumer relations department. It is only a number which instructs you on how to order your consumer report from their company. They will need information from the bank that reported you that you have settled your accounts with them, and that you are no longer a risk. The problem in this, is that ChexSystems banks can’t update the status codes that submitted you under only that you have or have not settled a debt with them and that you are paid in full. So as stated above if you are listed for something like “suspected fraud activity” which can be caused by someone writing you a bad check, you deposit it into your account. The bank approves the funds, you spend the money and then weeks later they retract the funds because the check was bad. If this caused you to have a negative balance and you did not pay the bank back immediately you will be listed for “suspected fraud activity” and good luck after that point getting a bank account without that information being removed from your ChexSystems file. Contact Litigo to dispute what the banks reported today.

If you feel that you have a legitimate case to have your name removed from their database, and the bank manager won’t work with you. Then it is time to start down the removal process with a quality company like ours to help you get removed from the ChexSystems database. You can do so by contacted Litigo at the number above.

ChexSystems banks can cause you a lot of financial hardship, but you need to remember that you aren’t on the Chex Systems Inc. database for no reason, and banks take their financial risk very seriously. After all if banks take on too much risk they are not going to be around very long. So they are just looking out for the good of the company and their customers. There are ways to find non ChexSystems banks however most of those banks will be second chance accounts. An alternative to paying lots of fees with second chance accounts would be to file dispute against the information reported to ChexSystems by the bank to have it removed from their database. Don’t get stuck in second chance checking Call Litigo Today.

If you were reported to ChexSystems by a previous bank that has closed your account, you do have options to restore your banking privileges. Contact a specialist at Litigo today to discuss the options you have in this matter. You can reach Litigo’s Dispute Assistance Department directly at 1-(877) 432-4818 call us today for guidance in resolving your issues.

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