Chex Systems is a company that most banks will use if you have a charged off account. Once a bank reports a delinquent account to them it will stay on your record for 10 years.It doesn t necessarily mean that the new bank will not allow you to open an account. It just means that they may put certain limitations on your account until your account has been in good standing for a period of time.Chex Systems is nationwide and will probably show up even if it was in another state. However, 5 years ago Chex Systems wasn t as big as it is today and quite possibly it may not be on there. You can always contact ChexSystems and inquire with them on whether or not they show anything under your social security number
yes, chase does use chexsystems when determining eligibility to open an account.EDIT: forgot to mention, chase does offer a checking account (with restrictions) to those who are on ChexSystems, if you qualify for it.
that s confusing
you spelt chexs lol wrong checks
