Here you will find the latest in checking and other financial information, along with answers to common questions submitted by you. Many retailers no longer accept checks.
Financial institutions are reluctant to take on new, unknown customers.
That's because check fraud and account abuse are costing them billions of dollars a year. Ultimately, it's consumers who pay the price with higher costs, fewer payment options and less access to financial services. To help prevent fraud and account abuse, financial institutions rely on information from consumer reporting agencies. These agencies help keep banking services affordable and widely available to the general public. This article focuses on ChexSystems, a consumer reporting agency providing financial institutions with information that helps them assess the risk of opening new accounts.