ChexSystems is a very much needed company in the banking world.  They help banks and credit unions to minimize risk of "dead-beat" account holders.  However, at the same time, they do hurt some individuals who have made minor mistakes with their bank accounts.  Most of us have fallen into financial struggles in the past and have overdrawn our bank accounts, but I think it's unfair to pay a 5 year price for it.

Don't get me wrong, I think people who purposely abuse their bank accounts should be added to the ChexSystems blacklist.  Also, people who commit fraud should be reported.

I am primarily trying to defend those certain people who by mistake have budgeted inaccurately or those people who may have forgotten pending checks and overdrawn as a result.  I am not saying it is ok to excuse individuals who violate the terms of banking agreements, but I think it is a little too severe to report them to ChexSystems.

ChexSystems does give a leaway of about 2 weeks to a month to bring your overdrawn bank account to a positive standing.  However, the problem lies where people have come into a financial hardship and they may need additional time to deposit sufficient funds, or maybe certain individuals get paid once a month from their jobs resulting in a delayed deposit.

It is my overall view that ChexSystems is very much needed to protect the assets of banks and credit unions, and punish
those who have purposely abused their bank accounts.  However, at the same time, a few individuals also receive this severe punishment for minor mistakes.  It is unfair, but is a security measure that is needed.

If you are caught in ChexSystems and need help, visit the free support site at http://www.icreditsolution.com