Why do current accounts show on file? 27 June 2022 at 3:18PM in Credit file & ratings 3 replies 162 views

MoodyMand45

Just wondering why my bog standard basic bank account, current account shows on my reports?
I thought your credit file dealt with actual credit or debts, my account has some direct debits on it but no fee and no overdraft so just curious as to why this appears!
I notice the saving account does not appear just the basic bank account with zero balance.

Sandtree

Because most current accounts can go into an unauthorised overdraft via offline transactions, cheques etc.

Savings accounts dont normally have a debit card, no cheque book, nor can you normally pay DDs from them etc and so cannot become overdrawn 

MoodyMand45

Sandtree said:

Because most current accounts can go into an unauthorised overdraft via offline transactions, cheques etc.

Savings accounts dont normally have a debit card, no cheque book, nor can you normally pay DDs from them etc and so cannot become overdrawn 

Thanks i see, the account strangely is only on the Experian report and not listed on Transunion report, don't know about the Equifax as i have not yet got that one.

[Deleted User]

It's not strange. It's because not all institutions report to all CRAs.