Current account and credit check

stclair

Hominu wrote: »

Don't banks get a credit report "feed" from the main providers such as Experian and Equifax? So they don't need to run a full credit search each time, just run it once and then combine the feed with internal scoring. They'll only need to run a new full credit check if you want something substantial such as going from a £3K overdraft to a 30K loan or a 200K mortgage.

Exactly so given the circumstances originally given there would be no need for a credit search to take place.

Pre limits are normally put in place so in my instance the max overdraft they could offer me was £3000.00.

Here another instance were some has the same experience as myself:

http://forums.moneysavingexpert.com/showpost.php?p=64257627&postcount=8