Reply
Valued Member
OptimalFICO
Posts: 203
Registered: ‎07-05-2009

Ally Bank Hard Inquiries for New Accounts?

I have a savings account with Ally bank and was considering opening a checking account as well. Ally bank customer service advised that part of the process would entail performing a Hard Inquiry to all three CRAs, even though I'm an existing customer because it is still considered a new account. But if I wanted to open another savings account, they would only do a soft inquiry as it would not be considered a new account.  WTH???

 

Would appreciate hearing from others who have experience with or knowledge about this.


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+
}