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Why Would Wells Fargo Pull An Equifax Report To Open Checking Account?

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SKBirdmind
Regular Contributor
‎03-10-2025 08:08 PM
‎03-10-2025 08:08 PM

Re: Why Would Wells Fargo Pull An Equifax Report To Open Checking Account?

What does "lol/12 on Chex and early warning" mean? No one at Wells Fargo said anything to me about overdraft coverage...

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Seatac
Regular Contributor
‎03-11-2025 12:18 AM
‎03-11-2025 12:18 AM

Re: Why Would Wells Fargo Pull An Equifax Report To Open Checking Account?

Check and EWS are systems that track bounced checks etc...there is a refit thread pointing out that churning bank accounts to get subs is a thing and some banks frown on it. 

 

The lol/12 is , from reddit,  for something like "2 many in 12 months'  . 

 

Plausible as any other definition. 

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