Originally Posted by
silvervknight
Also, I know for credit card, having a credit history is important (keeping the oldest card open), but what about bank history? Is there any caveat or benefits for keeping a long banking history?
a lot of banking(checking/savings) systems verify via Chex (akin to credit cards -> FICO/credit pull)
unfortunately, Chex only reports negative information, and banking systems would immediately deny you without any recon (unlike credit cards)
data is kept for 5 years
https://www.gobankingrates.com/banki...e-chexsystems/
https://www.nerdwallet.com/blog/bank...-what-to-know/