Consumer For Clients
close
close

Sentry Service

Provides extended monitoring of consumer deposit activity

Continued Monitoring of Inquiry and Closure Activity for QualiFile® clients

Financial institutions (FIs) are notified if a consumer that opened a new deposit account with the FI has subsequent activity at other institutions that may signal potential attrition or new account fraud.

If two or more inquiries are reported by other financial institutions within the QualiFile consortium within 90 days of account opening, or if an account has been reported as forcibly closed due to suspected fraud or abuse by another financial institution within 180 days of account opening, the Sentry Service will generate two event monitoring alerts.

How ChexSystems Identifies Potential Attrition and Fraud

Monitoring for subsequent inquiries or closures following an account opening

Monitoring across the network

Be notified if a consumer that recently opened a new account is opening other new accounts within 90 days across the network

Identify potential red flag activity

Consumer opening numerous accounts in quick succession can signal attrition or new account fraud

Reduce potential losses

Be aware of recently closed accounts and charge-offs for consumers of new accounts

Let’s work together to reach your goals.

Reach out to us, and we will be happy to help.

ChexSystems® is a registered mark of Chex Systems, Inc. ©2025, Chex Systems, Inc.

Chex Systems, Inc. is a consumer reporting agency and an indirect wholly owned subsidiary of FIS.