MSE News: Applying for an Ulster Bank savings account? It could mark your credit file 24 August 2017 at 5:00PM edited 25 August 2017 at 12:22PM in Savings & investments 16 replies 2.2K views

Former_MSE_Megan_F

MoneySavers have been surprised to find applying for a savings account with Ulster Bank could mark their credit file and potentially affect their credit score...

Read the full story:
'Applying for an Ulster Bank savings account? It could mark your credit file'

Click reply below to discuss. If you haven’t already, join the forum to reply.

[Deleted User]

This thread would be better placed on the Savings and Investments board.

The Ulster Bank E-savings account is a savings account. It will be savers who open it and need to be alerted to this.

The account will be of no interest to current account-seekers.

Former_MSE_Karl

Hi Hattie625,

Thanks for this - I've moved the thread to the Savings & Investments board where it is better suited.

Kind regards,
MSE Karl

magicnumber7

I just called Ulster Bank about this, as I just yesterday submitted an application to open the savings account with them.

They said they run a "soft" check but not one that leaves an "imprint". I'm about to remortgage, so they said it should be fine.

Are others convinced?

Wheres_My_Cashback

Convinced....by your post ? No !

colsten

I opened the 1.25% Ulster e-saver on June 21 this year. I had to go through the full application process even though I had, at the time, an existing savings account with them which had laid dormant for the last 4 or so years.

There is no search at all on my credit file for this.

magicnumber7

Wheres_My_Cashback wrote: »

Convinced....by your post ? No !

Doesn't feel right to me, either.

talexuser

I opened the account on 21 July and just checked my credit file - no searches for Ulster Bank there and no change in rating.

talexuser

Story here:
http://www.telegraph.co.uk/money/consumer-affairs/applying-best-buy-savings-account-ulster-bank-could-mark-credit/

it looks like a hard check only applies if you cannot pass the normal identity checks like uploading your driving license scan.

RG2015

talexuser wrote: »

I opened the account on 21 July and just checked my credit file - no searches for Ulster Bank there and no change in rating.

My Experian file on MSE showed a hard search but there was nothing at all on Clearscore (Equifax) or Noddle/GiffGaff (CallCredit).

talexuser

Maybe they only use Experian?