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Valued Contributor
Posts: 1,986
Registered: ‎08-17-2007
0

checking accounts

hi-- can anyone tell me if opening abank account puts a hard ding on your report.
thanks
 
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: checking accounts

Yes it can.
Valued Contributor
Posts: 1,986
Registered: ‎08-17-2007
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Re: checking accounts

thanks tuscani--the real deal is --my account was  in new hampshire for years and live in CT so branch kept losing my deposits. Told me to switch to CT so mistakes on their part would stop.  Did not know I would need hard one--maybe soft.  Equifax holds everything against you.
 
Established Contributor
Posts: 513
Registered: ‎05-31-2007
0

Re: checking accounts

Pleasant surprise...I opened a business checking a few days ago and expected to see a hard inquiry on one of my reports...but to my surprise and delight...nothing has appeared....
Moderator Emeritus
Posts: 16,383
Registered: ‎03-12-2007
0

Re: checking accounts



ObsessedwithmyFico wrote:
Pleasant surprise...I opened a business checking a few days ago and expected to see a hard inquiry on one of my reports...but to my surprise and delight...nothing has appeared....


Good! I have real issues with banks harding you when opening up new checking and savings accounts.
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Valued Contributor
Posts: 1,986
Registered: ‎08-17-2007
0

Re: checking accounts

depending on business your name or business name would be dun and bradstreet
Valued Contributor
Posts: 1,986
Registered: ‎08-17-2007
0

Re: checking accounts

i couldn't believe my bank gave me a hard since i already had an account and had to change state because of their errors. i think the cra thinks it was a loan of some kind. does anyone know?
 
Super Contributor
Posts: 8,195
Registered: ‎03-25-2007
0

Re: checking accounts



casinoannie97 wrote:
i couldn't believe my bank gave me a hard since i already had an account and had to change state because of their errors. i think the cra thinks it was a loan of some kind. does anyone know?
 


The CRA thinks an inq is an inq.  Adding a cell phone line, switching to cable TV, opening a new bank account, getting utilities hooked up, are all "seeking for credit" to a CRA and FICO
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Valued Contributor
Posts: 1,986
Registered: ‎08-17-2007
0

Re: checking accounts

THANKS BUT MY CABLE, PHONE, LAST BANK ACCT., WERE ALL SOFT.  I JUST SIMPLY DO NOT UNDERSTAND.
Super Contributor
Posts: 8,195
Registered: ‎03-25-2007
0

Re: checking accounts



casinoannie97 wrote:
THANKS BUT MY CABLE, PHONE, LAST BANK ACCT., WERE ALL SOFT.  I JUST SIMPLY DO NOT UNDERSTAND.


Then you are lucky.  Try Cingular for a nice hard inq  Smiley Very Happy
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
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