five years
How long does the closed account stay on ChexSystems file? Our current practice is to retain record of reported information for a period of five years from the report date unless the source of the information requests its removal or ChexSystems becomes obligated to remove it under applicable law or policy.

How can I find out if I am in ChexSystems?

Call ChexSystems at 800-428-9623. (This is an automated voice messaging system.) Visit the website, go to the Request Reports section and fill out the consumer disclosure form.

What happens if your ChexSystems report is used against you?

If your ChexSystems report has been used against you, you have the right to know. For example, if you apply to open a new bank account, and the bank rejects you because of bad information that was listed in your ChexSystems report, the bank is required to inform you.

Can a Bank refuse to open an account with ChexSystems?

Your ChexSystems report will give you a score between 100 to 899. The higher the score, the less of a risk you are to a bank. A bank can refuse to open an account if there are one or more negative pieces of information reported by ChexSystems. Because of this, ChexSystems does provide a free report each year upon request.

What does ChexSystems stand for in savings account?

This agency is called ChexSystems. If you have ever had a checking or savings account closed by a bank because of too many overdrafts or other problems with your account, you may have ended up with your name in the ChexSystems files.

How is ChexSystems governed by the Fair Credit Reporting Act?

ChexSystems is governed by the Federal Fair Credit Reporting Act (FCRA). This consumer protection legislation is designed to ensure that the gathering and sharing of consumer information is done accurately, fairly and with respect for the consumer’s right to privacy. You can request a copy of your consumer disclosure report at any time.