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 long can a bank keep you on chexsystems. If you find any inaccurate information you can dispute it in much the same way you can dispute credit report inaccuracies. Knowing how ChexSystems works can prevent you from encountering problems at a bank or merchant. Although federal regulations allow ChexSystems to keep records for up to seven years the agency keeps them for five.

Five years is the length of time for bad checks etc and could be the same for inquiries. ChexSystems then keeps them on the consumers report for. If youve been denied a bank account because of your ChexSystems report its a good idea to get a copy and address potential concerns.

I have never heard of chexsystems taking on inquiries but times do change. How long do you stay in ChexSystems. If you have a history of bank accounts being closed for negative reasons your information will stay on your ChexSystems file for up to five years.

Banks and credit unions may deny your application based on any negative information it finds. If you review your report and see any incorrect or. The account history will stay on your report for five years but you can pay off outstanding balances owed to the banks.

And in the case of bankruptcies it is 10 years. How long does the closed account stay on ChexSystems file. Most people first hear about ChexSystems when they are denied a bank account and told the reason is a negative ChexSystems entry.

Consumer Relations 7805 Hudson Road Suite 100 Woodbury MN 55125. According to ChexSystems current policy each entry in your report will be deleted after five years unless noted otherwise in the table above. However ChexSystems removes negative banking information apart from bankruptcy after five years.