Understanding ChexSystem Part 2

What is the personal goal of the narrator regarding bank account bonuses?

• To make $10,000 from bank bonuses

• To open 50 bank accounts

• To get the highest Check System score

• To avoid all bank fees

What is the Check System primarily used for?

• To evaluate auto loan eligibility

• To collect information about deposit accounts

• To monitor home loan applications

• To track credit card applications

What type of score does the Check System provide?

• A score between 0 and 1000

• A score between 1 and 100

• A score between 100 and 899

• A score between 300 and 850

Which of the following is NOT tracked by the Check System?

• Bounce checks

• Overdraft fees

• Involuntary account closures

• Credit card balances

Why do banks care about the number of accounts you open?

• To track your spending habits

• To monitor your credit score

• To prevent potential fraud and money laundering

• To ensure you have enough savings

What can you do if your Check System score is lower than desired?

• Apply for more credit cards

• Open more bank accounts

• Consider second chance accounts

• Ignore the score

What is a second chance account similar to?

• A business account

• A premium checking account

• A credit builder card

• A high-interest savings account

What happened to the narrator with Modify Bank?

• They were approved and kept the account

• They never applied

• They were denied immediately

• They were approved and then the account was closed

What is the narrator's Check System score?

• 850 out of 899

• 700 out of 899

• 400 out of 899

• 596 out of 899

Which bank did NOT deny the narrator?

• Boeing Employees Credit Union

• Mid First Bank

• Merck and Sharp

• Premier Members Credit Union