Do banks provide checking account personal info to CRA?

Discussion in 'Credit Talk' started by Jason2004, Nov 22, 2016.

  1. Jason2004

    Jason2004 Well-Known Member

    Do banks report clients address for checking account to CRA?
  2. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Checking accounts aren't reported to the CRAs Jason. That is, unless you overdraw your account and let it eventually go into collections. Then it could end up on your credit reports. Is that what you're currently dealing with?
  3. Jason2004

    Jason2004 Well-Known Member

    No, I didn’t overdraw my checking account.

    Are they reporting checking account info to ChexSystems and Early Warning Services?
    What happens when there is an address change for checking account?
  4. jam237

    jam237 Well-Known Member

    Again, unless you are overdrawn, ChexSystems, etc. wouldn’t be reported to. Think of it this way, it costs them to report, they won't spend it if they don't have to.

    BTW: ChexSystems and the lot are not CRAs, but specialty CRAs, there is a major difference between the two as far as the FCRA is concerned.
  5. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Ditto on what Jam said. And address changes for checking accounts aren't reported to CRAs.

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