inquiries

[LS2982]

I don't understand the purpose of a bank checking credit for a checking account. Seems to me like a wasted INQ.

[Ridbidge]

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@pakman92 wrote:

Opening a chekcing account at a new bank will also typically cause a hard pull.

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I have opened 3 checking and savings accounts at 3 different banks within the past 60 days and all were a soft pull. (Suntrust, USAA, & Capital One).

[LS2982]

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@Ridbidge wrote:

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@pakman92 wrote:

Opening a chekcing account at a new bank will also typically cause a hard pull.

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I have opened 3 checking and savings accounts at 3 different banks within the past 60 days and all were a soft pull. (Suntrust, USAA, & Capital One).

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Same here exactly.

[android01]

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@boonelb wrote:

US Bank does hard pulls for new checking accounts.

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They also do hard pulls for CLI's.  

[LS2982]

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@android01 wrote:

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@boonelb wrote:

US Bank does hard pulls for new checking accounts.

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They also do hard pulls for CLI's.  

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Double Whammy!!

[crunching_numbers]

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@LS2982 wrote:

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@android01 wrote:

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@boonelb wrote:

US Bank does hard pulls for new checking accounts.

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They also do hard pulls for CLI's.  

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Double Whammy!!

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The moral of the story here for the rest of us is don't open checking accounts at US Bank!

[namvet]

ING pulls EQ hp when opening a checking account.

[trumpet-205]

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@LS2982 wrote:

I don't understand the purpose of a bank checking credit for a checking account. Seems to me like a wasted INQ.

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I recall it is for the purpose of identity check and to make sure you won't abuse your checking account (overdraft too often).

[Repo-ed]

My BoA, USAA, TTCU, Ally, ING, and Amex Savings all were opened without a SP or HP.

I'd be in a world of hurt, if they did, as that couldn't be good for the CS!

[LS2982]

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@trumpet-205 wrote:

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@LS2982 wrote:

I don't understand the purpose of a bank checking credit for a checking account. Seems to me like a wasted INQ.

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I recall it is for the purpose of identity check and to make sure you won't abuse your checking account (overdraft too often).

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They can get that information straight from chexsystems. And even if it were for possible overdraft abuse, the collection would not show up like that to be indentifiable, It would be under the CA's name