Chex System is only a reporting agency. They do not have the ability to close an account. If an account is closed it is up to the discretion of the financial institution who issued the account to you.
No, it is a reporting agency and does not have the legal power to make changes of any sort to bank accounts.
Banks and other financial instituitions however, use CS to determine the risk factor of...
Banks and credit unions report incidents to ChexSystems to protect themselves and other banks in the future. You get reported to ChexSystems if your account is closed for good cause.
Some banks...
Ideally you should have one of each. Checking give you more access to your money, but do not pay usually pay interest. Saving account are designed for people to have an easy place to store money they...
A checking account is one in which you keep a certain amount of money and use it for your regular day to day transactions. For ex: to pay your phone bill, to pay for your groceries etc. Banks usually...
You go to a bank of your choice and then talk to a representive and they will help you created your saving and checkings account. Hope this helped you.