"By refining our use of ChexSystems, we will expand access to our products while still promoting responsible finance and maintaining sensible safeguards against fraud and account abuse," a Citi spokesman said. Under the agreement, Citibank will only decline applicants if they have two or more reported incidents of abuse in recent years, the total combined loss exceeds $500, and the losses remain unpaid. Citigroup is now the second financial institution to reach such an agreement, as last June, Capital One Financial Corp. struck a deal to fundamentally change the way it uses ChexSystems to restrict only customers who land in the database for fraud. Similar agreements with additional banks are expected to be reached "in the very near future," said a spokesman for the office.