List of banks with hard vs soft searches for current accounts

Options
145791014

Comments

  • PloughmansLunch
    PloughmansLunch Posts: 507 Forumite
    First Post First Anniversary Photogenic Name Dropper
    edited 19 February 2023 at 9:29AM
    Options
    WLewer98 said:
    Just checked my credit report and Monzo did a hard search on me last month. I know for a fact that I didn't apply for an overdraft, so maybe a hard search is the norm for them  :|
    That’s odd - I’ve checked Experian and TransUnion recently and deffo no hard Monzo check for me, but there are 2 soft checks - AF & Quotation Search

    EDIT: OP - please add Co-op (Cashminder) to soft search. I think other bog-standard basic accounts may also just have a soft search only due to their nature, and would still work for switching. https://www.moneysavingexpert.com/banking/basic-bank-accounts/
  • pecunianonolet
    Options
    WLewer98 said:
    Just checked my credit report and Monzo did a hard search on me last month. I know for a fact that I didn't apply for an overdraft, so maybe a hard search is the norm for them  :|
    That’s odd - I’ve checked Experian and TransUnion recently and deffo no hard Monzo check for me, but there are 2 soft checks - AF & Quotation Search

    EDIT: OP - please add Co-op (Cashminder) to soft search. I think other bog-standard basic accounts may also just have a soft search only due to their nature, and would still work for switching. https://www.moneysavingexpert.com/banking/basic-bank-accounts/
    Added but not sure on the switching bit as it's technically not a current account. Worth it's own discussion.
  • pantaiema
    Options
    ccdorset said:
    ccdorset said:
    Looks like it's not clear whether Metro Bank do a hard or soft search.

    I'm going to apply today, so will report back on whether they hard search me. Realise it may take a while to show.
    So I've applied for and opened a Metro Bank current account.

    No alerts of hard searches yet, will keep an eye on my credit reports across Experian, Equifax and TransUnion over the next few weeks.
    Did you apply online or you goto the branch, over the phone ? I could not see any tabs, to apply online using existing detail that I already have.
  • ccdorset
    Options
    pantaiema said:
    ccdorset said:
    ccdorset said:
    Looks like it's not clear whether Metro Bank do a hard or soft search.

    I'm going to apply today, so will report back on whether they hard search me. Realise it may take a while to show.
    So I've applied for and opened a Metro Bank current account.

    No alerts of hard searches yet, will keep an eye on my credit reports across Experian, Equifax and TransUnion over the next few weeks.
    Did you apply online or you goto the branch, over the phone ? I could not see any tabs, to apply online using existing detail that I already have.
    I applied online.

    On their home page, click on Bank Accounts, then Current Accounts and then there is an Apply today button.
  • WLewer98
    WLewer98 Posts: 30 Forumite
    First Anniversary Name Dropper First Post
    Options
    ccdorset said:
    ccdorset said:
    Looks like it's not clear whether Metro Bank do a hard or soft search.

    I'm going to apply today, so will report back on whether they hard search me. Realise it may take a while to show.
    So I've applied for and opened a Metro Bank current account.

    No alerts of hard searches yet, will keep an eye on my credit reports across Experian, Equifax and TransUnion over the next few weeks.
    @ccdorset

    Please could you confirm if Metro Bank did a hard or soft search on you? Thanks

    "Those who forget the past are condemned to repeat it"
  • ccdorset
    ccdorset Posts: 296 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    Options
    WLewer98 said:
    ccdorset said:
    ccdorset said:
    Looks like it's not clear whether Metro Bank do a hard or soft search.

    I'm going to apply today, so will report back on whether they hard search me. Realise it may take a while to show.
    So I've applied for and opened a Metro Bank current account.

    No alerts of hard searches yet, will keep an eye on my credit reports across Experian, Equifax and TransUnion over the next few weeks.
    @ccdorset

    Please could you confirm if Metro Bank did a hard or soft search on you? Thanks
    Just checked my credit reports again and only a soft search showing on Equifax at the moment from Metro. :-)
  • flaneurs_lobster
    Options
    ccdorset said:
    WLewer98 said:
    ccdorset said:
    ccdorset said:
    Looks like it's not clear whether Metro Bank do a hard or soft search.

    I'm going to apply today, so will report back on whether they hard search me. Realise it may take a while to show.
    So I've applied for and opened a Metro Bank current account.

    No alerts of hard searches yet, will keep an eye on my credit reports across Experian, Equifax and TransUnion over the next few weeks.
    @ccdorset

    Please could you confirm if Metro Bank did a hard or soft search on you? Thanks
    Just checked my credit reports again and only a soft search showing on Equifax at the moment from Metro. :-)
    Ditto, only soft searches.
  • mouseclick
    mouseclick Posts: 236 Forumite
    First Post First Anniversary Combo Breaker
    Options
    Kroo does a soft search when opening an account and a hard search with Transunion when accepting an overdraft invite.
  • trient
    trient Posts: 170 Forumite
    First Anniversary First Post Name Dropper
    Options
    Cater Allen only do a soft search (most likely because they don't offer overdraft facilities).
  • pecunianonolet
    pecunianonolet Posts: 1,252 Forumite
    First Post Photogenic First Anniversary Name Dropper
    Options
    trient said:
    Cater Allen only do a soft search (most likely because they don't offer overdraft facilities).
    Some even do a hard search, regardless if overdraft is requested or not. 
Meet your Ambassadors

Categories

  • All Categories
  • 343.8K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 235.9K Work, Benefits & Business
  • 609K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards