topic Re: Chase Checking HP? in Credit Cards

Chase Checking HP?

Anonymous — Thu, 03 May 2012 23:15:20 GMT

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..

Re: Chase Checking HP?

injustifiiable — Fri, 04 May 2012 00:20:58 GMT

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.

Re: Chase Checking HP?

Anonymous — Fri, 04 May 2012 00:29:06 GMT

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...

Re: Chase Checking HP?

navigatethis12 — Fri, 04 May 2012 00:35:37 GMT

@Anonymous 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...

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.

Re: Chase Checking HP?

Anonymous — Fri, 04 May 2012 00:56:15 GMT

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.....

Re: Chase Checking HP?

afbar1114 — Fri, 04 May 2012 01:15:00 GMT

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

Re: Chase Checking HP?

Anonymous — Fri, 04 May 2012 01:58:32 GMT

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.

Re: Chase Checking HP?

Anonymous — Fri, 04 May 2012 13:03:09 GMT

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.

Re: Chase Checking HP?

Anonymous — Sun, 06 May 2012 00:24:07 GMT

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.)

Re: Chase Checking HP?

Revelate — Sun, 06 May 2012 00:41:45 GMT

@Anonymous 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...

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.

Re: Chase Checking HP?

Eschaton — Sun, 06 May 2012 00:46:17 GMT

When I went to open mine up online with the coupon, it says they do a credit inquiry through Equifax. Not sure if it's different if you do it by other methods.

Re: Chase Checking HP?

Mailak — Sun, 06 May 2012 01:00:54 GMT

Wachovia did an HP on TU for me when I was opening accounts last year. It's now listed as Wachovia/Wells Fargo.

Re: Chase Checking HP?

Revelate — Sun, 06 May 2012 01:03:26 GMT

@Mailak wrote:
Wachovia did an HP on TU for me when I was opening accounts last year. It's now listed as Wachovia/Wells Fargo.

That's just an example of a bank being an ass just because they can. I will never understand the policies some banks have, Chexsystems should be sufficient.

I guess I'm wrong on the national banks things, but even BOFA never HP'd me with the checking accounts I've opened with them in 3 different states; however, the last one was 7ish years ago and they may have changed... especially if others are doing it. Lame in the extreme.

Re: Chase Checking HP?

Mailak — Sun, 06 May 2012 01:09:40 GMT

@Revelate wrote:
@Mailak wrote:
Wachovia did an HP on TU for me when I was opening accounts last year. It's now listed as Wachovia/Wells Fargo.
That's just an example of a bank being an ass just because they can. I will never understand the policies some banks have, Chexsystems should be sufficient.

I guess I'm wrong on the national banks things, but even BOFA never HP'd me with the checking accounts I've opened with them in 3 different states; however, the last one was 7ish years ago and they may have changed... especially if others are doing it. Lame in the extreme.

I'm with you on that one. I'm pretty upset about it. If anybody's credit needs to be checked when I'm depositing money, it's the big banks' credit. I'm pretty sure they will need rescuing before I do.

Re: Chase Checking HP?

Anonymous — Sun, 06 May 2012 03:06:20 GMT

They hard pull so they can cross sell products like credit cards and personal/overdraft lines of credit. (duh)

Re: Chase Checking HP?

Anonymous — Sun, 06 May 2012 03:25:49 GMT

I've onlyl ever heard of them soft pulling and having pre approved offers come up. I'll have to check this out on Monday and see.

Re: Chase Checking HP?

Mailak — Sun, 06 May 2012 03:29:59 GMT

@Anonymous wrote:
They hard pull so they can cross sell products like credit cards and personal/overdraft lines of credit. (duh)

Haha, didn't quite think of it that way.

Okay, do a soft pull. But no, you have them with your reams of terms and conditions and can feign a supposed business need, so might as well do an HP. That's just despicable behavior. I'm sorry... it just makes me mad when I think about it.

Re: Chase Checking HP?

Revelate — Mon, 07 May 2012 00:05:42 GMT

@Mailak wrote:
@Anonymous wrote:
They hard pull so they can cross sell products like credit cards and personal/overdraft lines of credit. (duh)

Haha, didn't quite think of it that way.

Okay, do a soft pull. But no, you have them with your reams of terms and conditions and can feign a supposed business need, so might as well do an HP. That's just despicable behavior. I'm sorry... it just makes me mad when I think about it.

Still strikes me as suspect. Don't know, I'm 99% positive of taking my first new paycheck and opening a Chase checking account with it, regardless of possibly inquiry or not. I'll see first hand if there was an inquiry but I don't think they can legally do a HP without disclosing that fact these days.

Re: Chase Checking HP?

Anonymous — Mon, 07 May 2012 00:10:22 GMT

@Revelate wrote:
@Mailak wrote:
@Anonymous wrote:
They hard pull so they can cross sell products like credit cards and personal/overdraft lines of credit. (duh)

Haha, didn't quite think of it that way.

Okay, do a soft pull. But no, you have them with your reams of terms and conditions and can feign a supposed business need, so might as well do an HP. That's just despicable behavior. I'm sorry... it just makes me mad when I think about it.

Still strikes me as suspect. Don't know, I'm 99% positive of taking my first new paycheck and opening a Chase checking account with it, regardless of possibly inquiry or not. I'll see first hand if there was an inquiry but I don't think they can legally do a HP without disclosing that fact these days.

See post #7

Re: Chase Checking HP?

steve23111 — Mon, 07 May 2012 03:02:36 GMT

@Revelate wrote:
@Mailak wrote:
Wachovia did an HP on TU for me when I was opening accounts last year. It's now listed as Wachovia/Wells Fargo.
That's just an example of a bank being an ass just because they can. I will never understand the policies some banks have, Chexsystems should be sufficient.

I guess I'm wrong on the national banks things, but even BOFA never HP'd me with the checking accounts I've opened with them in 3 different states; however, the last one was 7ish years ago and they may have changed... especially if others are doing it. Lame in the extreme.

BB&T does a hard pull on one of the big three in addition to Chexsystems when opening a checking account. They do not, however (as far as I can tell) pull hard for a savings account. They are probably one of the better "big banks" out there, although they're not nationwide. I know SunTrust does a hard pull for a checking account as well. I think both pulled Experian, but I'm not 100% positive. I do not know if they do a hard pull for a savings account, since my relationship with them lasted only about a week before I pulled my money out and suggested they go do something vulgar to themselves.

For a short while I dealt with KEMBA Credit Union in Ohio, and they did a hard pull for every little thing. New member? Hard pull. Checking account? Hard pull. Add a savings account? Hard pull. It got to the point where I figured any time I pick up the phone to talk to them they'd be yanking hard on a credit report and I got tired of dealing with it. I believe most CU's are that way.