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Old 12-29-2016
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Default Chexsystems and business bank accounts

Hi guys, I have ordered a chexsystems report on my personal name earlier in 2016, and everything was good. However, I have opened multiple banks since then, all of which were business bank accounts opened under my business name. Here is where I am a little confused:

I do not see any option on chexsystems website to order a chexsystems report exclusively for my business. Their report request form asks for personal info only. I was under the impression that when opening business bank accounts, chexsystems was ran by the bank on a business EIN as a separate entity. I thought a report could be requested from chexsystems for the business just like one can be requested for personal.

So since I do not see any option to order a chexsystems report for a business entity, I must ask: when you open business bank accounts with an EIN number, is chexsystems simply not ran by the bank at all? Or do they run it just on the signor of the accounts, meaning opening business bank accounts is useless in avoiding chexsystems marks on your personal name?
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