ChexSystem Question

[alex11]

Hello, everybody

I just want to ask you a question, somebody here told that there is 5 inquires limit for 90 days period if you applying for checking accounts, but what about business checking account? Does they use the same system as for personal accounts? Would I be flagged if I'll do the same with business accounts? Thank you in advance.

Best regards

[mca]

If you apply at too many banks that use chexsystems for a business account, yes it could result in being flagged as suspicious if you were to apply at too many. I have heard that it can be much less than 5 in 90 days but I am not positive on the number. I think all circumstances can be different.