Did you know there are bank account & checking account screening companies?

Just as there are credit reporting agencies, there are also checking account companies that report certain information about a consumer’s negative banking activity. Their companies may blackball a person from being able to open a checking account!

The checking account companies to be aware of are:

The companies collect and report data on checking account applications, openings, and closures, and when available, reasons for account closure. Check and bank screening companies provide data primarily to financial institutions, though some also provide data and check verification to merchants.

Checking account screening companies only report negative information about a consumer’s dealings with their bank, such as unpaid overdraft fees or the reasons why a bank closed an account.

Opening A Bank Account & Checking Account Screening Companies

If you have been denied the opening of a bank account at a financial institution, it is important that you review your check and bank screening reports and dispute them if inaccurate information is reporting against you.

You have a right to know what is in your file with these check and bank screening companies. Just as you are entitled to a free credit report from each of the three credit reporting bureaus annually, you are entitled to a free report from the check and bank screening companies annually.

You can dispute inaccurate information with the reporting agency and the bank that provided the erroneous information to the reporting agency. If you are not satisfied with the reporting agency’s response, you can file a complaint with the Consumer Financial Protection Bureau (CFPB). The CFPB is a U.S. governmental agency tasked with ensuring that banks, lenders, and other financial companies treat consumers fairly. Read more information about submitting a complaint with the CFPB here.


The Law Office of Barbara B. Braziel, a Bankruptcy Law Firm

Learn about bank accounts and bankruptcy here in our article Can I Keep My Bank Account if I File for Bankruptcy?

All of us here at the Law Offices of Barbara B. Braziel want to help you get out from under the weight of financial stress and gain financial freedom. We invite you to read about the clients we’ve helped here.

If you live in Savannah, GA or the surrounding areas and have questions about your debt relief options, let’s meet for a free consultationPlease reach out to us at (912) 351-9000 or contact us by filling out this simple web form.

Find out more about Bankruptcy in our guide: All About Bankruptcy

We proudly serve the people of Savannah, GA and the surrounding areas, including Richmond Hill, Hinesville, Pooler, Port Wentworth, Tybee Island, Clyo, Ellabel, Midway, Ludowici, Springfield, Pembroke, Brooklet, and Garden City.

We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.

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