We are not keeping these pages. For the latest company news and areas information, please check out CNN company Bank clients – you’re being tracked.Beware bank clients: Your bad behavior is after you.
If you have bounced way too many checks, owe cash on an overdrawn account or involved with fraud, banking institutions will find down you a checking account in an instant about it and deny. Each year because they were flagged as high-risk by a massive but little-known database maintained by a company called ChexSystems in fact, millions of people are blocked from opening checking accounts.
This database exists until they’re denied a bank account, ChexSystems likely knows who you are while many people have no idea.
Created 40 years back, the Woodbury, Minn., company now holds data on a lot more than 300 million consumers and offers customer reports to 80per cent for the nation’s banking institutions. It had been obtained by monetary supplier Fidelity National Ideas Services in 2007.
The business’s reports range from the true quantity of records shut as a result of punishment or fraud, whenever a merchant account was closed, the total amount owed and whether or not the balance happens to be compensated. (mais…)