Bank Early Warning System

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is Early Warning Services (EWS)?
What Early Warning Services Does
Provides financial institutions with comprehensive data on a depositor’s banking history Provides full disclosure files to individuals who request their consumer banking history report as compiled by EWS Helps financial institutions determine whether a check is legitimate or fraudulent
What’s in Your Early Warning Services Report?
The different types of bank accounts you have Your closed bank accounts Information on whether any of your bank accounts were closed for cause Information on whether you’ve had payments denied due to nonsufficient funds Details on any overdraft or negative account balance you may have Information on whether payments can be debited against your account Information on whether check payments can be written from the account
How to Access Your EWS Report
Name Social Security number Date of birth Mailing address Phone number Copy of your driver’s license or other government-issued identification
Difference Between EWS, ChexSystems, and TeleCheck
ChexSystems
EWS
TeleCheck
How Early Warning Services Can Negatively Affect Your Banking Activity
Disputing Items on Your Early Warning Systems Report
The Takeaway
Frequently Asked Questions
Photo credit: iStock/MicroStockHub
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About the Author
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and served as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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