The ChexSystems, Inc. company is a nationwide specialty consumer reporting agency that collects and sells personal data about consumer banking usage, including checking and savings accounts. Approximately 80% of all commercial banks and credit unions in the United States use ChexSystems as a step in the consumer checking or savings account application process.

The ChexSystems, Inc. network is comprised of member Financial Institutions (i.e., banks and credit unions) that regularly contribute information on mishandled checking and savings accounts to a central location. ChexSystems shares this information among member institutions to help them assess the risk of opening new accounts.

ChexSystems collects checking account applications, openings, and closures, including reasons for account closure. When you apply for a new checking account many banks and credit unions will refer to this database before they approve the new account. A consumer may be denied the ability to open a new checking or savings account at a ChexSystems member financial institution based on the information contained in her ChexSystem report.



ChexSystems Inc.
Attn: Consumer Relations
7805 Hudson Road,
Suite 100
Woodbury, MA 55125




Federal law defines nationwide specialty consumer reporting agencies as entities that “compile and maintain files on consumers on a nationwide basis relating to (1) medical records or payments; (2) residential or tenant history; (3) check writing history; (4) employment history; or (5) insurance claims.” The Consumer Financial Protection Bureau (CFPB) warns that nationwide specialty consumer reporting agencies can have great influence over a consumer’s tenancy, insurance premiums, or even employment. You have the right to know what the nationwide specialty consumer reporting agencies are saying about you. For more information, see the List of Nationwide Specialty Consumer Reporting Agencies.