- Associated Press - Wednesday, January 28, 2015

ALBANY, N.Y. (AP) - Citibank has agreed to revise its screening of those seeking to open checking or savings accounts so applicants are not rejected for past isolated or minor banking errors.

The New York attorney general’s office says the mid-March changes involve bank policies governing use of ChexSystems, a database for analyzing applicants’ banking history and protecting against fraud.

Authorities say screenings by ChexSystems and other reporting agencies more often filter lower-income applicants, forcing them to use high-cost services like check-cashing outlets.

They cite studies showing more than 3 million New York households have either no bank account or do but also rely on high-cost services.

Citibank says it’s “committed to financial inclusion” and shares the aim of removing unnecessary barriers to banking services.

Its agreement follows a similar move by Capital One.

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