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You are most likely interested in who can access your ChexSystems record because you are thinking of applying for a bank account, credit card or loans. Or, you’re interested in a guaranteed checking account. The good news is that your right to privacy as a consumer is in high regard, and the federal Fair Credit Reporting Act (FCRA) will not allow just anyone to look at your records. Let’s take a more detailed look at how and when your ChexSystems record can be viewed.
ChexSystems Profile Access
The FCRA will do everything in its power to e
nsure that your records are updated with correct and legal information. According to their site, only people with permissible purpose who have a legal right can view your report. Some examples include:
- If you allow someone to view your report in writing
- You initiated a business transaction that requires the viewing of your report
- A court has ordered your report to be viewable
- Your employer requires it with your written approval
- You apply for a government license or grant that requires proof of financial responsibility
- For proof of financial status in a child support circumstance
You can rest easy knowing that only the people who have a right to view your ChexSystems report can do so. Most guaranteed checking accounts will not consider your report.
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