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What is ChexSystems?

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What is ChexSystems?

The Chex Systems, Inc. (ChexSystems) network is comprised of member financial institutions that regularly contribute information on mishandled checking and Savings Accounts to a central location. ChexSystems shares this information among member institutions to help them assess the risk of opening new accounts. ChexSystems only shares information with the member institutions and does not decide on new account openings.

Learn more about ChexSystems here.

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