topic Re: Chex Sensitive Bank Question in Personal Finance

Chex Sensitive Bank Question

Beast26 — Mon, 25 Mar 2024 23:42:56 GMT

If I open a checking account with a bank that does not use chexsystems will it show up if I open another bank account with another bank that IS Chex sensitive? Example if I open wells Fargo checking account for the bonus and then open PNC checking account after that (which it is said that PNC uses Chexsystems) will PNC bank know that I just opened a Wells Fargo checking account recently?

Re: Chex Sensitive Bank Question

CreditCuriosity — Tue, 26 Mar 2024 00:26:34 GMT

PNC uses EWS i am 99% sure of. Wells fargo also uses EWS so yes PNC would know about wells acount.. EWS owners are by a quick google search

Early Warning is co-owned by Bank of America, Capital One, JPMorgan Chase, PNC Bank, Truist, U.S. Bank and Wells Fargo.

Re: Chex Sensitive Bank Question

Beast26 — Wed, 27 Mar 2024 11:30:05 GMT

Thanks for the info. What is a good timeframe to wait inbetween applying for a new checking account with chex sensitive bank without going overboard on wait time? Would 1-2 months be too often?

Re: Chex Sensitive Bank Question

CreditCuriosity — Wed, 27 Mar 2024 12:44:41 GMT

Kinda golden rule at least with Chex is maybe one ever 3-4 months.. EWS not really sure but speculate the same. Keep in mind you gotta pay 1099 on taxes for each bonus you receive as considered income just something to keep in mind had to do like 10 this 2023 tax year while filing.

Re: Chex Sensitive Bank Question

FicoMike0 — Thu, 28 Mar 2024 00:51:35 GMT

This might be of i nterest.

https://www.doctorofcredit.com/banks-credit-unions-chexsystems-inquiry-sensitive/

Re: Chex Sensitive Bank Question

TyrannicalDuncery2 — Mon, 08 Apr 2024 22:58:10 GMT

of i nterest.

I see what u did there $$