Chexsystems removal tool audio

Chexsystems Removal

ChexSystems is an association of financial institutions that network together in order to develop a database that maintains the records of mutually unwanted consumers. To make sure that only financially responsible individuals open up checking accounts at member institutions, these banks report on customers who demonstrate poor financial management skills. When a customer’s checking account is closed due to demonstrated mismanagement, then he or she is reported to ChexSystems. Once done, the customer will have a very difficult time opening up an account at any other financial institution partnered with ChexSystems for the next five years.