Chexsystems

CHEXSYSTEMS

ChexSystems is a check verification service and consumer credit reporting agency owned by the eFunds subsidiary of Fidelity National Information Services. It provides information about the use of deposit accounts by consumers.
ChexSystems is a national consumer-reporting agency that keeps track of people who have misused a checking or savings account, for example by bouncing a check or failing to pay a fee.
More than 80% of banks and credit unions use consumer reports from ChexSystems and other agencies to help them decide about bank account applicants.
Banks and credit unions share information about these individuals and whether the institution closed their accounts. In return, the agency collects these consumer histories and creates risk scores and reports for banks to use as they consider potential customers.
More than 80% of banks and credit unions use consumer reports from agencies such as ChexSystems or Early Warning Services to help them decide whether to approve bank account applicants, according to the National Consumer Law Center.
If you’ve been denied a bank account, it might be because of a report you have on ChexSystems. When you apply for a new account, many banks use ChexSystems to see if you have a history of mishandling bank accounts. This can impact their decision to approve you for an account.
The review process is similar to applying for a credit card. A card issuer generally goes through at least one major credit reporting bureau to check your credit. This helps the issuer determine if you’re a risky customer for a new credit card. Some banks look at your credit score when you apply for a bank account too. 
Community Credit Repair can help you fix your Chexsystems report.