Some banks wont take a chance they might just close your account at the first whiff of trouble.

How long does a closed account stay on chexsystems. ChexSystems reports are a record of your bank account history. There will be a list of accounts that have been closed by the bank as well as any money you still owe. This applies even if youve paid all your outstanding balances in full.

Are there any banksCUs that dont pull Chex. How Long Do You Stay In ChexSystems. Youre eligible for a free copy of your report once.

The original delinquency date is the date the account. The accounts can stay on your file unless ChexSystems is required to remove it by law or policy. 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.

Although SoFi isnt a bank you can rest assured that your money will be FDIC-insured when it arrives at SoFis partner banks. The information stays on file for five years from the date the account was closed. It could stay on your credit report indefinitely but will likely be removed ten years after it was closed based on the credit bureaus guidelines for reporting closed accounts.

How long does the closed account stay on ChexSystems file. How long does EWS stay on record. The SoFi Money cash management account is a good way to stay off the ChexSystems radar.

ChexSystems tracks your account activities and closures at various banks and credit unions. Banks and credit unions may deny your application based on any negative information it finds. How Long Does a Report Stay on File.