| Involuntary Account Closure |
Bank closes your account usually “for cause” (e.g., writing too many bad checks or fraud) |
After 5 years (unless you successfully dispute the listingor the bank or ChexSystems deletes the listing sooner) |
| Bounced Checks and/or Overdrafts |
Usually for multiple instances |
| Unpaid Negative Balances |
Usually for outstanding overdraft/nonsufficient funds (NSF) fees or other charges |
| Savings Account, Debit Card or ATM Abuse |
For risky or dishonest behavior (e.g., depositing empty envelopes at ATM or frequently exceeding transfer limit) |
| Outstanding Checks in SCAN Database of Returned Checks & Instances of Fraud |
Checks issued or sent to a collection agency; returned or fraudulent checks |
| Suspected Fraud or Identity Theft |
For altering checks or providing false information on an application |
| Inquiries |
Initiated by you, a bank, an employer, a creditor, or other “permitted” party |
After 90 days or no more than 3 years if initiated by you; otherwise after 5 years |
| Lost Checks & Debit Cards |
Routine reporting (not necessarily negative information but can indicate possible fraud) |
After 5 years (except check-ordering and application histories and unless you successfully dispute the listingor the bank or ChexSystems deletes the listing sooner) |
| Check-Ordering History from Past 3 Years |
| Number of Accounts Applied for in Past 90 Days |
| Social Security Number/Driver’s License Validation and/or Verification |