Some people mistakenly refer to “ChexSystems” as “Check System”. If you are searching for information about why you are unable to get a bank account, the company you need to know about is “ChexSystems”. ChexSystems is a check verification service and consumer credit reporting agency like Experian, Equifax and TransUnion. While most credit reporting agencies collect and sell data about how a consumer handles credit relationships, ChexSystems collects and sells data related to how a consumer has handled deposit accounts at banking institutions. “ChexSystems” is a registered service mark of eFunds Corporation headquartered in Delaware and was previously registered to “Chex Systems, Inc”.
Related Terms: ChexSystems