How long does negative information stay on my Chex Systems report?

Negative information typically stays on a Chex Systems report for five years, including account closures due to suspected fraudulent activities, unpaid overdraft balances, and accounts sent to collections. However, it's important to note that the impact of negative information may lessen over time as the report gets updated with new positive information. Therefore, while the negative information may remain on the report, its impact on your ability to open new bank accounts or obtain banking services may decrease over time. It is advisable to regularly review your Chex Systems report and address any inaccuracies or unresolved issues to ensure your financial history is accurately reflected.