Hard Pull for Checking Account?

[tempusfugit123]

Have banks always done this? I have been really interested in opening a CD and I asked one of the Reps at BofA if they did hard pulls they said yes to see if im on Chex Systems. I just asked why not check my Chex Systems report without a hard pull. She really didnt have much to say except the hard pull was necessary. I would like to keep all of my accounts with BofA but not if all of them will require hard pulls.

Which banks dont do hard pulls in order to open a checking/savings account?

[marty56]

Wachovia did that to me 2 yaers ago which is why I have .50 sitting in a checking account with them that will never by used again.  When I open my checking account with them I specifically stated I didnt need overdraft protection.  I just wanted a Visa branded debit card since I didnt have a Visa card at that time and an online payment system wouldnt use my MC debit card.

[Anonymous]

Wachovia hard pulled me for my account with my DF. I was pissed. BoA has never hard pulled for me and neither has WAMU checking.

[Tuscani]

Yep... pretty standard nowadays

[Anonymous]

When we opened a MM account and then a checking account two days later at a Compass Bank here they did 4 hard pulls on two of my credit reports both times.  Needless to say I threw a fit and they deleted all the hard pulls off my CR's.  Probably just one hard pull I might not have said a thing, but eight.  Good Luck Vicki

[tempusfugit123]

I was trying to explain to a rep today that they already pulled my credit I already have 3 accounts with them I have never overdrafted and I always have money in my accounts and that they should be enough to let me open up another account with them. She said she understood and that she is sorry but that credit check was from a year ago and they would have to check again.

Chase said they would ONLY check chexsystems (as I was told) and that I could open an account with them again in order to easily get a credit card. Hopefully this is true. I just want one hard pull this year

[Anonymous]

I opened an account at a local credit union and it was hard pull.  They said if I did it online it would be a soft, but I'm not going to open an account online unless it's an online bank.  So I got a CC out of it, because I had the stupid through it my head, if I'm going ot have a hard pull, I better get something for it besides a checking account. 

Cause even though I had over 80K in available credit, I needed something to show for that hard pull.  

Stupid Sharon!

[Anonymous]

Chexsystems, yeah, that's pretty standard. But a hard pull on one of the Big Three, unless you're asking for a CC, or overdraft account, there's no reason for them to do a hard pull. In fact, I suspect it's a violation of the FCRA to pull a CR if it's not a credit transaction. Could be worth a $1,000 or more to you.