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Telechek is same as Telecheck tracks fraudulent check transactions

Telecheck may stop you from opening a new account in the bank despite the fact that you have maintained a very good banking record in the past. This refusal may come as a surprise but it happens due to a system called Telechecking. This system is mainly used in the banks, in departmental stores as well as in grocery outlets.

Telecheck is a company that tracks fraudulent transactions related to checks. An overview of the company and its working is given below:

Telecheck - At a glance
Telecheck is a company that maintains information about checks that have returned or defaulted. Any incident of check related fraud is also traced by Telechek. This has especially helped the merchants to a great extent as they come to know when a check is of "no good" and when it cannot be used. A person whose check has been refused is not allowed to write another check till the time the situation is not sorted out.

How Telecheck works
Telecheck is well known for dealing in electronic as well as paper checking services. Whenever a transaction processing request is received by the Telechek company, the driving license of the customer is fed into a telephone line. From the Telechecking system, if it is found that the customer has a defaulted check against his account; his transaction request is simply turned down. Since the customer may change his bank accounts frequently, the Telecheck company makes use of a customer’s driving license.

Difference between Teletrack and Telecheck
Often people get confused between Telecheck and Teletrack. The main difference between the two is given below.

While Telechek mainly deals with check guarantee, verification of checks, collection services, electronic check conversions etc, Teletrack, an NSF reporting agency, mainly caters to a subprime client base. Some of the services of this company include - skip tracing, risk assessment, identity verification, fraud alert as well as taking care of credit scores etc.

There is another company, Chexsystem Inc, which operates in the same manner as Telecheck. The role of Chexsystem in brief is given below.

Chexsystem may be referred to as an association of several financial institutions, which works in conjunction to draw up a database of records of those customers who have had a bad credit record earlier. These customers are often considered as "mutually unwanted" by Chexsystem. Such customers having their financial mismanagement activities reported to Chexsystem often find it difficult to open new accounts.
Can you find out if you are already in Telechek - ...
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Can you find out if you are already in Telechek - (the database banks use to keep you from being allowed to get another checking account)before you apply for new checking account?




I recently had a CHECK RETURNED AS NSF AND SINCE THEN I HAVE NOT BEEN ABLE TO WRITE CHECKS A I HAVE PAID THE CHECK IT WENT BACK THROUGH MY ACCOUNT AND IT CLEARED HOW LONG WILL I REMAIN ON THE TELECHECK LIST .,

Sub: #1 posted on Sat, 11/20/2010 - 23:30

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i tried to use my checking account to buy something
on amazon and since i dont have a credit card or even
a debit card right now, i tried to use my direct checking
with tracking number and amazon emailed that they would not authorize, i thought it was my bank and called
them and they said they had not rejected any charges
so why am i being not authorized to use my checking
account to buy on amazon.com?????????????

Sub: #2 posted on Thu, 01/07/2010 - 05:20

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Quote:
Originally Posted byAnonymous
do you have any checks on me


Contact them directly, we are not affiliated with them, we are a public forum dedicated to helping people get out of debt.

Sub: #3 posted on Wed, 01/06/2010 - 21:46

Shazzers Shazzers
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(Posts: 17342 | Credits: 1592.87)

do you have any checks on me

Sub: #4 posted on Wed, 01/06/2010 - 21:35

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les mando my correo por favor contestenme por favor [email]brendalc_@hotmail.com[/email]

Sub: #5 posted on Tue, 05/26/2009 - 08:29

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me di cuenta por que fui a walmart a cambiar unas cortinas y me dijieron que no por que el sistema les salio que un cheke botado y que les debo como 1200dlls y les dije jamas he echo un cheke de esa cantidad a my me robaron my chequera y targetas de credito y licencia y dinero en efectivo y tengo my reporte de la policia de san diego no me explico que Esta sucesiendo hocea que de nada sirvio my reporte la verdad he querido hablar con ustedes y no.es posible no entiendo nada ingles hablo y me contestan y no se que me dicen y me cuelgan que hago por favor yo no quiero tener problemas bastantes problemas tengo para haora con eso

Sub: #6 posted on Tue, 05/26/2009 - 08:24

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How long do your info stay in system after the debt is cleared

Sub: #7 posted on Tue, 04/14/2009 - 08:51

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I would greatly appreciate a list someone with black marks on checksystems but not on telechecks could use. Thank you. [email]JustinMPage@hotmail.com[/email ]

Sub: #8 posted on Tue, 12/16/2008 - 22:28

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HOW DO I FINE OUT ABOUT MYSELF IF I HAVE A REPORT ON ME

Sub: #9 posted on Mon, 11/24/2008 - 06:18

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due to a banking error not in our favor, we got some bounced checks. we paid them off. i was able to switch banks but they refuse to add my husband to my account due to telecheck. i really need him on the account. any suggestions?

Sub: #10 posted on Fri, 10/10/2008 - 00:20

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