Will applying for a current bank account effect my credit rating?

Question

I am looking to change bank accounts and open up a new current account with either another bank or building society. Will this effect my credit rating or not? I don't think I have the best credit score but I have never had any CCJ's or been Bankrupt.

Answer 1

Not that I am aware of

Answer 2

No.

Answer 3

When you apply for a current account (which has an overdraft facility or credit card included) then the application involves running a credit search on you.  This will leave a footprint on your credit file and if you are refused, will be recorded as a decline on your credit rating.  If you don't need an overdraft/debit or credit card then you would be advised to just have a basic account if you are worried about your credit rating. (I've included debit cards because these are issued and validated by a credit company i.e.visa and so visa usually insist that a bank/building society run a credit check on all customers.

Answer 4

Not unless they refuse your account