What is the banking ChexSystems?

Answer ChexSystems refers to a consumer reporting agency, much like credit reporting agencies Experian, Equifax and TransUnion, except for instead of reporting your credit history to lenders, ChexSystems ... Read More »

Top Q&A For: What is the banking ChexSystems

What Is the Difference Between Universal Banking&Merchant Banking?

According to the Financial Web website, merchant banking deals with financial advice for large corporations. Merchant banking practices also involves stock underwriting and long-term company loans.... Read More »

Commercial Banking Vs. Personal Banking?

Personal banking, sometimes called retail banking because of the retail services offered to consumers, differs from commercial banking in a number of ways. Financial products and services available... Read More »

Does BBT use ChexSystems?

As of February, 2010, the Branch Bank & Trust (BB&T), headquartered in Winston-Salem, North Carolina, uses ChexSystems to verify new accounts. BB&T operates more than 1,850 banks and financial cent... Read More »

What is chexsystems?

Each time a financial institution opens a bank account, the organization runs the risk of suffering a loss due to check fraud or unpaid overdrafts. Chexsystems is a service that banks use to help m... Read More »