Saving Accounts...do they run a credit check against you??

welshlass111

Hi all,

Just a quick question, I want to open a savings account and wondered whether the banks etc run a credit check for these as I have had bad credit in the past and don't want any unnecessary searches on my credit file, even if for a savings account.

Thanks for any info received!

Welshlass...

THE_LONE_RANGER_4

no not that im aware of as your depositing only,i dont see why they would need to but they would need to verify you .

moozie_2

I don't know how true this is as it didn't happen to me but last week, a colleague went to open a savings account with Halifax and they credit checked her.

She couldn't understand why as the account would be only for savings, no OD etc but they told her it's standard policy.

HTH

kindanice

I opened an account with ING, and have a search on my Experian Credit File which states "ING Application Type - Identification: Money Laundering Prevention". It seems they were just checking I am who I say I am

tattooed_lady

It doesn't count as a search on your file that lenders will see, it is just a check for money laundering and fraud prevention purposes.

regularsaver1

halifax wouls not credit score someone for a savings account - anyone can have a savings account, as long as they have the right id, and funds

she must have done something else

Bisoy

I have just recently applied for a nationwide flexaccount but has been declined.I consider myself good creditor,has permanent job, no loans, pay credit cards on time, owned a house and live more than 3 years.My initial thought was surely you won't be declined for opening a current account!

wigginsmum

That's very strange, Bisoy - if you haven't already done so, I'd recommend getting copies of your Equifax and Experian reports to see what's going on.

regularsaver1

going back to the thread about credit score for savings

the only other thing i can think of is if someone does not have address id a secondary form of searching for voters roll can be checked, with equifax.

Experian_company_representative

Unless you're applying for an account with credit facilities they shouldn't carry out a credit check. But, as others have said, they will often carry out a limited check with one of the agencies to confirm your identity. This will leave a footprint, but not a credit application search, which won't affect your creditworthiness.

voodoozoe

Well it seems to me that these days you can't even f*rt without them doin' a credit check first