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A few folks have reported being refused accounts with OLBs because of derogatory information from Chex Systems. Apparently Chex Systems won't disclose exactly WHAT negative information they have on a prospective customer - they won't disclose it to the bank, and it's not clear they disclose it to the individual.

My understanding is that several major megabanks recently were pressured by a Rainbow Coalition-like group to not totally refuse new accounts based on ChexSystems "derogatory information", since it was pointed out that the ChexSystems reporting had a disproportionately negative impact on people of color. But branchless OLBs haven't faced this kind of community accountability - after all, it's hard to set up informational pickets outside of a branchless Internet bank.

Any information on what measures a customer could take if they face blacklisting by Chex Systems?
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Any information on what measures a customer could take if they face blacklisting by Chex Systems?

Sure. It's called "buy money orders at the local 7-11 [circle-K, whatever]"
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Any information on what measures a customer could take if they face blacklisting by Chex Systems?

Well, there are a few places to start. For starters, get a copy of your ChexSystem report. If there are items that are listed that are 5 years are older then they need to be taken off. Next, if you feel that the information is wrong, or you're on there for something that was paid off, fight it. Also, find a bank that doesn't use ChexSystems. There are a few out there and some of them or OLBs. There are some good links here (pardon the long URL):

http://dir.yahoo.com/Business_and_Economy/Business_to_Business/Financial_Services/Transaction_Clearing/Check_Services/ChexSystems/Consumer_Opinion/

Chris
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Sure. It's called "buy money orders at the local 7-11 [circle-K, whatever]"

And pay through the nose to get a check cashed--$5 at the bank, if one is lucky. If not, there's always some "check cashing" establishment and pay an even more ridiculous fee.
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