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Regular Contributor
pozativelyliving
Posts: 237
Registered: ‎07-13-2012

ChexSystems - Your Checking and Savings Report Info

I came across a website that will provide you a report so you can see the info that banks see when you apply for a checking/savings account -

 

https://www.consumerdebit.com/consumerinfo/us/en/index.htm

 

This can come in handy if you've had an overdrawn account that was closed. That stays on the report for 5 years and you can be denied if you try to open a checking or savings account.

 

 

EX 638 (Lender 9/1) TA 650(Walmart 9/1) EQ 655 (FICO - 9/17)
Goal - 700 Club in '13!!!

My Wallet - Cap 1 - $300. Cap 1 - $750. Orchard - $950.
New as of 8/29 - Target - $3000. Barclay's - $2000. Merrick - $1000. Walmart $600. And as of 9/22 - JCP $200.
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: ChexSystems - Your Checking and Savings Report Info

Many banks and CUs pull Chex. Definitely worth keeping tabs on.

Frequent Contributor
TheConductor
Posts: 421
Registered: ‎07-24-2012

Re: ChexSystems - Your Checking and Savings Report Info

Definitely worth pulling the free annual report to know what banks are seeing. 

 

It's actually a more comprehensive picture of the individual than a typical CRA report.  They track not only bounced checks and overdrafts, but liens, evictions, felonies, and more. Most interesting to me is the WealthIndex score that appears to rank your net worth on a scale of 0 to 6. I get a 3, which is about what I would expect having a car and some investment accounts, but not owning my home. Smack dab in the middle...time to start building my real estate empire!

 

 

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12) Current: EQ 675 (myFICO 9/26/13), EX 712 (CreditSesame FAKO 10/9/13) , TU 696 (WalMart 10/3/13) Goal: 700+ x3
My Wallet: Amex BCP $10k, Amex Zync NPSL (> 10k), Chase CSP VS $9.2k, C1 Venture VS $5k, Amex SPG $4.5k, Barclaycard Apple V $2k, Walmart (Store) $1.2k, Chase Freedom V $600, BoA Cash Rewards V $500, Best Buy Rewards MC $500
Dream Wallet:Barclaycard Arrival WMC (replace C1 Venture), Amex Platinum (replace Zync eventually), Andrews FCU Global V (chip + PIN for travel). Otherwise, pretty happy with my portfolio now.

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