Moderator Emeritus
Posts: 32,881
Registered: ‎08-04-2007

Re: Penfed - Denied a bank account!

Sorry to hear about that. The same had happened to me. Appd for a checking so as to develop a relationship with them for a future CC. I thought I was approved (yes, and EQ pull too) but they deposited my money into a share account instead. I have access to my account online, but cannot apply for a checking account or a debit card. $100 is just sitting in there collecting a wee bit of interest.
Many banks now pull your CR for a checking account. Others include BofA and Wachovia (in our experience). 

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+