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Who is ChexSystems?

ChexSystems is a consumer reporting agency as defined by the Fair Credit Reporting Act (FCRA).  They collect and store information about how consumers handle their checking accounts. Generally that means ChexSystems keep track of most bank customers who overdraw their checking accounts or write bad checks.

ChexSystems uses the data they keep on consumers by supplying it to most banks, who use the information as part of approving a consumer to open a bank account.

Like the credit bureaus Experian, Equifax and TransUnion, ChexSystems is subject to the provisions of the FCRA. That means, among other things, that ChexSystems has a responsibility to make sure the information in their system is reasonably accurate and complete.  The Fair Credit reporting Act also protects consumers, who have rights to dispute inaccurate information in the ChexSystems database, as well as a right to a free annual consumer report from ChexSystems each year.

ChexSystems differs from traditional credit bureaus insofar ChexSystems only keeps negative experiences in its database and not positive experiences. Furthermore the consumer history in the ChexSystems files are based on bank accounts or other "debit" account information, and it is not based on debt and loan repayments, or other credit accounts.

That also means that the information on bank accounts that is in the ChexSystems database is not included in the credit bureau databases, so the bank account derogatory information will not be reported by Experian, Equifax, and TransUnion and will not be on your credit report.

You can get a free annual consumer report from ChexSystems by requesting it.  To request your free annual consumer report, go to:

Also if you have been denied a bank account in a situation where a ChexSystems figured into the account review process, you may be entitled to a free copy of your consumer report. See more info here: