ChexSystems

ChexSystems is the company that manages the list of people who have a bad banking history. The banks are the ones who submit the names of people they have had problems with, and when other banks are doing background checks before they open a new account for someone, they look a the chexsystems list. If your name is on this list, you should get your report as soon as possible so you can start correcting it. Sometimes, there could be errors on this report, and just like a credit report, you want to make sure that it is good. If you owe any banks money, you should start to pay them back so you can get your chexsystems report in good standing.