If you’re someone who has had issues with your checking account in the past, then you know that it can be difficult to find a new bank to take you on as a customer.
From too many instances of insufficient funds to excessive overdrafting, there are many reasons why you may have been banned from your financial institution.
Because many banks use ChexSystems to track the checking history of account applicants, it may be difficult to find a new place to use for deposits and savings.
In fact, most negative records in ChexSystems remain there for five years. That’s a long time to go without any kind of bank account, whether you want a checking or savings account, or both.
Luckily, HPP CARES has been helping consumers ride themselves of ChexSystem issues.