Credit Cards

[logan_720]

So I recently came across a coupon to recieve $150 after opening a new Chase Checking account. At first I was ready to go in and open a new account, while still leaving my CU account open. I was wondering though, does Chase do a HP of your credit if you open a savings/checking account with them? If so, then forget it..

[injustifiiable]

I opened my Chase account in 2009, I don't remember for sure but I believe they did a HP not to mention an inquiry on our wonderful friend ChexSystems...lol.

[logan_720]

Well I may go into a branch when I have time, and see if they can open it without a HP. I don't see why they would need to...

[navigatethis12]

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logan_720 wrote:

Well I may go into a branch when I have time, and see if they can open it without a HP. I don't see why they would need to...

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Employees are not always correct with this question. I do not see why any bank or credit union needs to to open an account but they do. I do not think it is a hard pull though. I opened one in 2010 and it was not on my reports when I looked earlier. I just opened one today so tomorrow I will check creditkarma and request an updated Experian report to see if they did. I already have two credit cards with them though so my identity is already known.

[qc-ttns]

Just got a checkings and savings about 5 months ago no HP. And got 150 my wife opend a account as well she got a 200 dollar coupon.. Can't wait to app for a freedom and get another 100 bucks.....

[afbar1114]

They check chexsystems. Its to prevent money laundering and terrorism. they need to check this along with social and DL 

[MrShush]

Go into a branch, look at the bankers' desks for signage. You should see at least FDIC, OFAC/Patriot Act, and if they check a credit bureau, a sign for whomever they pull...compliance my friends.

[FrugalRican]

They didn't do a HP on me. And I've gotten/received the $150 offer TWICE. You can do one per year.

But every bank does check ChexSystems/Qualifile.

They want to see if you have any past delinquencies with any other previous financial institutions.

[TM82]

No hard pull, just a run through Chex. Those tht report that they received a hard pull either a) knowingly or unknowingly had a banker who applied for a cc at the same time or b) opened an account a few years ago when Chase still offered an overdraft line of credit (they haven't offered them since 2009.)

[Revelate]

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logan_720 wrote:

Well I may go into a branch when I have time, and see if they can open it without a HP. I don't see why they would need to...

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Chase and the other national banks do not.

Credit Unions typically do because they're member owned: namely, they're only as strong as the members they have, and if you're a complete deadbeat, that just drags the membership pool down.  Whether they really should or not, I don't know: they can always do a pull for any sort of credit application; however, they all (or most) seem to do it for membership.  I don't see why they'd be remiss to let nearly anyone to put money into a share account, in fact I would think they encourage it but my EQ report shows a bunch of HP's from CU membership apps.

On the otherhand my wayward application to PSECU (didn't read the fine print, oopsie) resulted in a soft inquiry on EX, so maybe things are changing somewhat.