Will paying the overdrawn account or bounced check erase the Chexsystems report?
Consumers often ask, “Will paying the overdrawn account or bounced check erase the Chexsystems report?” The short answer is no. Chexsystems acts like any other credit bureau, and still reports the fact that the incident happened. They must legally note it as paid, which may help some other banks be willing to issue another account. However, only the reporting bank can order Chexsystems to remove the entry entirely before the five-year period is over.
