ETAs (Electronic Transfer Accounts) are cash cards for those who
receive a government paycheck, pension, retirement or other federal
benefit. You cannot be refused an ETA account due to ChexSystems or
due to a credit report.
to find a bank or credit union which
provides ETAs. Our ETA page, at
has the full details about ETAs and how they might just be helpful
Prediction: ETAs are the beginning of the end for ChexSystems as we
- ChexSystems Bites
p.s., Gotta love that eFunds (NASDAQ: EFDS) IPO.
(eFunds is now the "parent company" of ChexSytems).
Last week the IPO was priced at $13 (which is not
only a very unlucky number, it is about $6 below
initial estimates.) Then it has been dropping
ever since, barely holding $10. Deluxe still has
a huge number of shares it will probably try to
unload later, further depressing the price.
Deluxe (NYSE: DLX) hasn't been impressing folks
either lately ..., with the price just a buck
or two higher than it was TEN YEARS AGO!
Deluxe Check Printing is no longer subsidizing
the moneylosing pile of *($# company known as
ChexSystems, so changes are on the horizon.