Chase Banks _ Chex Systems? -

Is the a time limit that I will be on Chex Systems?I had a joint account with an ex about 5 yrs ago. Will this show - And it was in a different state?Im wanting to open a bank account with Chase. Do they check Chex Systems, Even out of state?Thank You

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

Why do business stay small ? -

Small business generally don t want to venture to hire more workers etc. It makes it more personal I guess, especially if you are an enteurpreneur and started your own business. Keeping things under control is also another issue. If the company gets too big the system needs to change. Many small businesses also don t want to sell their products to larger companies. The income is somewhat based on the initial amount you put into your business, so if you keep putting in the same amount, it will never grow.