Is applying for an overdraft a hard search on your credit file

Callistog

If I already have a current account with no overdraft and I apply for the overdraft is this a hard search?

Applying for a credit card leaves a hard search on your credit file
Whereas Using an eligibility checker only leaves a soft search

What would this fall into? TIA

[Deleted User]

Depends on the lender and your account conduct.

It's probably more common that they'll be able to make a decision without a CRA check.

Craig1981

last few increases on my overdraft have not left any hard searches.... banking with Nationwide

PRAISETHESUN

Similar situation banking with Lloyds - I had a hard search when I initially opened the account (even though I didn't apply for an overdraft), but when I changed my mind 12 months later and applied for an overdraft, they were able to do it all internally without a second hard search. It may depend on the policy of the banks you are with however.

On the topic of hard/soft searches - soft searches are typically reserved for eligibility, identity or quotation searches/checks and are not seen by lenders. Hard searches are typically from the results of credit applications - current accounts, credit cards, loans, mortgages etc, and remain visible on your files for 12 months regardless of if you were successful or not.

Mr.Saver

Based on my experience, HSBC will do a hard search for applying overdraft.