Credit checks

ti1980

Do you only get credit checked if you try to open a current account or do you also get checked for trying to open a savings account?

newfoundglory

You may or may not have a credit check for a current account, depending on whether the current account in question provides credit facilites (those being, overdrafts and cheque guarantee cards). Sometimes, a credit search will be performed when opening a current account anyway, to check for defaults for example - this is dependent on who the bank has chosen to allow to open an account. Basic bank accounts do not usually require a credit check.

A credit search is not performed with a savings account, as no lending decision is being made, however the product provider may search your credit file in order to confirm your identify and/or address. Those searches are not shown to lenders who search the file in future.

empfun

I've been credit checked for 2 of 2 savings accounts with internet banks, but I did not have any of their products prior to applying for the accounts so this may have made a difference.

ti1980

Ok, cheers guys.

Got another quick question. Have any of you had a savings account with any bank and then managed to get a current account without a credit check or do they always credit check you. If you have, then can you tell me the bank.

Thanks in advance.

Fatboy_NSS

Abbey always check for a current account (including Basic). They don't check for a standard savings account.