What type of credit check is done for new bank account?

silverdog

Hi, does anyone know what kind of credit check is recorded when you apply for a new bank account? Would it be full check or just ID & address check? I don't need an overdraft.

I'm just about to apply for a mortgage and the bank I'm going to apply with gives better offers if you open a current account with them, but am worried it will be recorded as a full credit check and go against my mortgage app? So I might get a better mortgage rate or it might go against me and mortgage declined?
So i might not bother in case it has an adverse effect? Any advice please?
Thanks.

simax

It will be a full check.

dr_adidas01

They will do a full credit check!!

Gromitt

If you get a debit card then you can go into an unauthorised overdraft, so they'll do a full credit check before offering you the account.

Why not just ask if you can open both at the same time when you discuss your finances with the advisor? Then you only need one check.

silverdog

Thanks everyone,won't bother then in case it affects by mortgage app, good to know x

Hominu

Note that even if you get your mortgage, it can be revoked at any time before exchange of contracts, so once you get it don't apply for any credit products until you've signed and completed.