bank overdraft, credit score?

Question

hi, i have just a basic checking account. my younger brother has an account under my name but all of his card is in his name and everything. recently he had an issue with the bank with overdraft fees and we just settled it now. it was overdraft like a couple hundred dollars for one month. anyways, i am wondering if this would affect my credit score at all? I know that banks can send some information but I'm wondering because the card is in his name, etc and how long does it normally take banks to send the information that the account was overdraft for this long, etc.

thank you.

Go with the flow · Accepted Answer

It does not show up on your credit reports, therefore it does not affect your score
It may show up in something called ChexSystems, which has nothing to do with your 3 credit reports.
ChexSystems is a service banks use when you open an account to make sure you do not owe any other bank an overdraft fee
You can get your ChexSystems report free once a year
Just google ChexSystems report.  You'll see a site called ChexHelp (similar)
ChexSystems keeps the information for 5 years, then it drops off
You can also get your 3 credit reports once a year for free at
Annual Credit Report.com   https://www.annualcreditreport.com/cra/index.jsp

Calvin C · Answer

legally he did not have an account it was yours and they may or may not report to CRB but it was reported to chexsystems and so that will haunt you for 3 years if you try to open new accounts and at some stores if you write a check

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bank overdraft, credit score?

2 Answers