Bank Sweeps

Date: Thu, 01/03/2008 - 20:50

Submitted by on Thu, 01/03/2008 - 20:50

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I'm aware that some banks randomly do sweeps on accounts. Of course, I'm on Chexsystems from another bank that reported me. Well, my question is, if my current bank was to do a "sweep" and they see that I'm on Chexsystems, would the fact that I've kept this account always in the positive(never overdrawn), help me in anyway as far as the bank wanting to close my account because of the Chexsystems report? I've had this account for 3 months now.

Total Replies: 5

It really depends on a lot of things. How are you reported to Ch

It really depends on a lot of things. How are you reported to Chexsystems? Does it indicate fraud, account abuse, nsf etc? Does it show as paid? Do you owe another bank money? It really all depends and especially depends on who your new account is with. All banks have different policies. If you can tell me the name of the bank I can tell you if I have heard anything about them specifically.

Submitted by Mary Adkins Matthews on Fri, 01/04/2008 - 03:37