Cleaning Up a ChexSystems Report: Process & Time

ChexSystems is a connection of financial organizations that keep a trail of persons who have flawed banking histories. These individuals are usually denied a chance to access their bank account or even open another savings or checking account in their particular banks as long as they remain listed at ChexSystems.

If faced by this challenge and want to be removed from that ChexSystems list, you probably could be wondering the process and period it would take you to be delisted. Keep reading this article, and you will get your answers.

How to get out of ChexSystems – Guaranteed

In most banks, when you go to open an account, the agents will request your history from ChexSystems. If the record contains any negative information, you will be denied a chance to open a bank account.

Usually, once a person has been reported at ChexSystems, the damaging information may remain on your report for up to a maximum period of five years.

This undoubtedly will make it harder or even impossible to open another account with several banks across the USA and other parts of the world.

Providentially, a person can get out of ChexSystems by using the following steps. Kindly follow these steps keenly to argue your negative report and recuperate your bankable ability.

#1 Have your latest ChexSystems Statement

Before starting the dispute process, ensure that you get the most recent ChexSystems report.  You can easily obtain the report from their website

The report is usually given out for free if indeed any bank has denied opening an account for you in the last sixty days due to negative information in ChexSystems.

The report will be sent to you via your email and once you have received it, please analyze it carefully to confirm if there is any incorrect data listed.

To make sure that all people are probably assisted, ChexSystems has come up with ways of contacting them throughout the day for seven days.

Therefore, if you fail to acquire your report through their website, you can contact them through (800)428-9623, a toll-free number- request the agent to send you the story.

Alternatively, you can send them a mail and send to ChexSystems, Inc., Attn: Client Relations, 7805 Hudson Road, Suite 100, Woodbury, MN 55125.

Irrespective of the style you use to contact ChexSystems, be guaranteed that you will receive the same report that the banks are using to deny you a bank account.

#2 Start a dispute procedure with ChexSystems

Immediately you have gotten your report and have identified any incorrect information on it, begin a disagreement challenge by writing a letter highlighting the exact information you want to contest.

Your letter must be sent through a permitted mail with return acceptance entreated and save a duplicate on the folder for your histories. ChexSystems will review your letter and get back to you as soon as possible.

Technically, concerning the Fair Credit Reporting Act (FCRA), the organization has one month to give substantiation of the negative information about you or delete it entirely from your statement.

#3 Make a follow-up on your dispute

In a month or less, you will receive a confirmation report on your negative information from ChexSystems. When that happens, you will have to request proof from this institution as well as from your bank.

At this point, all you will have to do is send another letter to ChexSystems to entreaty authentic copies of credentials they used to include the negative item you are disputing.

Simultaneously, send a letter to your bank, which reported you to ChexSystems.  This letter will add the burden of accountability to your bank.

In both letters do not disremember to reference your rights as a client under the Fair Debt Collection Practices Act and the FCRA.

Note, these letters should be sent through approved mail with the return request, and make sure that you save the duplicates for future reference.

#4 Dealing with no responses from ChexSystems

In case, within thirty days, ChexSystems does not reply to you, you will need to send another letter to them.

This letter will be a warning for them to erase the negative information about you’re their database because their lack of rejoinder is a violation of the FCRA.

At this stage, you will also send a letter to your bank to request them to send you a proof of your suspected disobedience.

Note:  If the bank or ChexSystems verify the information, then these steps will not assist in removing the negative entry from your statement.

ChexSystems removal wait time

It will take you a minimum of three months for your negative item to be removed by ChexSystems.

However, this is only possible if the institution fails to give proper evidence of your negative item within 30 days, which is a direct violation of FCRA.

But if all the efforts to have you cleared from ChexSystems fail, then you will have to wait for five years.  Typically, five years is the maximum period one has to wait for his or her negative information to be removed by ChexSystems.

After this period, the organization updates its records, and you will be removed from their records.

References on ChexSystems Removal Time

  • 1: How to clean-up a Chexsystems report
  • 2: Everything you need to know about Chexsystems

READ MORE: Non-ChexSystems banks [y]

About Nelkwob

Nelson K. is a former banker with experience in providing financial solutions to a variety of customers (individual and commercial). His background makes him the best go-to individual for information on money services offered by banks, credit unions, gas stations, and stores.

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