ChexAdvisor Educational Report

The ChexEDU Report, a product of Chex Systems, Inc. (ChexSystems®), gives consumers insight into what information a company using ChexSystems alternative data may see when they apply for a new account.

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Many financial institutions use ChexSystems products, sometimes along with other data providers (such as credit bureaus), to help with their DDA account opening process. Additionally, many other financial entities (such as lenders, credit card issuers or other companies) use ChexSystems alternative data when they consider opening new accounts for:

  • Auto loan or lease
  • Credit card
  • Short-term or installment loan
  • New utility or phone service
  • Mortgages

CBA has partnered with ChexSystems to provide access to the ChexEDU Report. This partnership provides CBA Members with the opportunity to access ChexSystems data in real-time, hopefully, increasing client retention and engagement.

Through the partnership between CBA and ChexSystems, CBA Members can now access:

  • Discounted rates on ChexEDU Reports
  • Enriched programming and client experience through the ChexEDU Report and accompanying education access
  • Waived implementation and monthly minimum fees*
  • Implementation and credentialing support from CBA experts
  • Product and customer support from ChexSystem expert

Frequently Asked Questions

Chex Systems, Inc. (ChexSystems®) is a nationwide speciality consumer reporting agency under the Fair Credit Reporting Act (FCRA). The FCRA defines a "consumer reporting agency" as any person which engages in the practice of assembling or evaluating consumer credit information for the purpose of furnishing it to third parties. ChexSystems is a consumer reporting agency and, more specifically, is a nationwide specialty consumer reporting agency.

Additional Resources

Watch a short Informational Video

Download ChexEDU Report Flyer

View More Information About ChexSystems

Members-Only ChexEDU Report Training

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