ChexSystems® Overview
Preferred Interest Checking Requirements
eStatements & Debit Card
Must have at least 1 ACH credit/debit that posts and settles during the statement cycle, 15 point of sale debit card transactions that post and settle during the statement cycle and be enrolled in eStatements to receive up to 3.04% APY* on balances up to $15,000. Online Banking is required for eStatements.
APPLICATION REQUIREMENTS
Business -
- Legal business name, U.S. address, business EIN or SSN.
- Business documents (Articles of Incorporation, Operating Agreement, Certificate of Organization, etc)
- Each applicant must be the business owner and authorized by the business.
- Each applicant must provide their SSN, legal name, government ID information, residential address and be at least 18 years of age.
- An opening deposit of at least $100 for each account.
Personal -PERSONAL IDENTIFICATION
Important Information about Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.