1. Wednesday, December 26, 2012 - 3:06 AM
If you've ever applied to open a checking account, odds are your name has been gone through ChexSystems. Much like a credit data bureau, ChexSystems identifies your banking history and lets your possible new bank know if you're a risky client who bounces checks, etc. Customers who have made a habit of mishandling their checking and savings accounts tend to end up on the ChexSystems database for 5 years, which can make it difficult to open a new account. Here's more about how the program works, and what you can do if your title is listed. ChexSystems
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