Do credit bureaus report bad checks?
If you’ve ever had a checking account closed “with cause” you’re likely to be listed in the database for one of several organizations that compile this type of information for subscribing banks, and other financial institutions. Before you open a new account your bank will check with such an organization to determine if there have been problems with your accounts in the past. There are smaller versions of these organizations, but ChexSystems, and Telecredit are more widely used in California.
