Category Archives: what is chexsystems

ChexSystems is an independent company that collects information about your banking history and reports it to banks and other financial institutions. If you have overdrawn your bank account in the past or have a history of bounced checks, the bank has most likely reported you to Chexsystems. If you recently applied for a checking account and were denied, you might have been instructed by the bank to call Chexsystems and clear your record.