How much do banks look at your credit report?

Question

If you're trying to get a checking account at a bank and you have a bad credit history, what are the odds that you can get an account there? Or do they even care?

Answer 1

They usually do a soft inquiry. They don't really look too much into it unless you are also applying for Overdraft protection.

Answer 2

The credit reporting system is the key to financial industry.  It determines how risky of an investment you are trying to make.  So, opening up a checking account might not be as risky as, buying a new house, car or asking for a personal loan.  It depends on what you're trying to do and how loyal of customer you are to that bank.

good luck

Answer 3

Some banks check your credit and some don't. I had a friend that could not get a regular savings account at Bank of America, how she got one at Wachovia. You have to have extremely bad credit or have a record of bad check writing to get turned down for an bank account. I bank with Bank of America and I love it. You should have no problem if you've never written a bad check.  

Answer 4

Banks do not check your credit when you are opening a checking account. They will however do a soft check if you apply for an over-draft or a bank credit card.