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  • FIRST POST
    • MSE Megan F
    • By MSE Megan F 24th Aug 17, 4:00 PM
    • 397Posts
    • 199Thanks
    MSE Megan F
    MSE News: Applying for an Ulster Bank savings account? It could mark your credit file
    • #1
    • 24th Aug 17, 4:00 PM
    MSE News: Applying for an Ulster Bank savings account? It could mark your credit file 24th Aug 17 at 4:00 PM
    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.
    Last edited by MSE Luke; 25-08-2017 at 11:22 AM.
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Page 1
    • Hattie625
    • By Hattie625 24th Aug 17, 4:31 PM
    • 849 Posts
    • 733 Thanks
    Hattie625
    • #2
    • 24th Aug 17, 4:31 PM
    • #2
    • 24th Aug 17, 4:31 PM
    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.
    • MSE Karl
    • By MSE Karl 24th Aug 17, 4:44 PM
    • 128 Posts
    • 40 Thanks
    MSE Karl
    • #3
    • 24th Aug 17, 4:44 PM
    • #3
    • 24th Aug 17, 4:44 PM
    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
    • By magicnumber7 25th Aug 17, 10:41 AM
    • 7 Posts
    • 1 Thanks
    magicnumber7
    • #4
    • 25th Aug 17, 10:41 AM
    • #4
    • 25th Aug 17, 10:41 AM
    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
    • By Wheres My Cashback 25th Aug 17, 10:52 AM
    • 3,206 Posts
    • 38,183 Thanks
    Wheres My Cashback
    • #5
    • 25th Aug 17, 10:52 AM
    • #5
    • 25th Aug 17, 10:52 AM
    Convinced....by your post ? No !
    • colsten
    • By colsten 25th Aug 17, 11:55 AM
    • 10,413 Posts
    • 9,609 Thanks
    colsten
    • #6
    • 25th Aug 17, 11:55 AM
    • #6
    • 25th Aug 17, 11:55 AM
    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
    • By magicnumber7 25th Aug 17, 11:59 AM
    • 7 Posts
    • 1 Thanks
    magicnumber7
    • #7
    • 25th Aug 17, 11:59 AM
    • #7
    • 25th Aug 17, 11:59 AM
    Convinced....by your post ? No !
    Originally posted by Wheres My Cashback
    Doesn't feel right to me, either.
    • talexuser
    • By talexuser 25th Aug 17, 12:12 PM
    • 2,695 Posts
    • 2,121 Thanks
    talexuser
    • #8
    • 25th Aug 17, 12:12 PM
    • #8
    • 25th Aug 17, 12:12 PM
    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
    • By talexuser 25th Aug 17, 1:05 PM
    • 2,695 Posts
    • 2,121 Thanks
    talexuser
    • #9
    • 25th Aug 17, 1:05 PM
    • #9
    • 25th Aug 17, 1:05 PM
    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
    • By RG2015 25th Aug 17, 1:06 PM
    • 1,642 Posts
    • 1,055 Thanks
    RG2015
    I opened the account on 21 July and just checked my credit file - no searches for Ulster Bank there and no change in rating.
    Originally posted by talexuser
    My Experian file on MSE showed a hard search but there was nothing at all on Clearscore (Equifax) or Noddle/GiffGaff (CallCredit).
    • talexuser
    • By talexuser 25th Aug 17, 1:15 PM
    • 2,695 Posts
    • 2,121 Thanks
    talexuser
    Maybe they only use Experian?
    • Mchambers
    • By Mchambers 25th Aug 17, 1:51 PM
    • 988 Posts
    • 309 Thanks
    Mchambers
    Didn't bother with this after they asked me to provide proof of identity. Their loss not mine.
    • LynBow
    • By LynBow 30th Aug 17, 8:34 AM
    • 1 Posts
    • 0 Thanks
    LynBow
    I applied to open an savings a/c & Ulster Bank messed up & opened three. Consequently I have now had three searches on my credit file with Experian. Didn't realise this would creat problems & have now complained to them & asked for them to be removed but if they are as efficient at this as they were at a/c opening, little hope!
    • gemmabe
    • By gemmabe 30th Aug 17, 10:45 AM
    • 94 Posts
    • 79 Thanks
    gemmabe
    Really concerned and cross about this. My boyfriend and I just opened a joint savings account with Ulster Bank. We do not live together and his credit rating is much better than mine. We do not wish to be financially linked for this reason. Now I'm worried we might be. Never would've applied for this account had we known we would be credit checked - surely they should tell you on the application form if they are going to do this? They certainly didn't tell us ��
    • gemmabe
    • By gemmabe 30th Aug 17, 10:56 AM
    • 94 Posts
    • 79 Thanks
    gemmabe
    Just checked Credit Club report and yep - hard search by RBS on 19/7. I am specifically trying to ensure no more hard searches on my file as I'm assuming to buy my first property next year. Furious!
    • magicnumber7
    • By magicnumber7 30th Aug 17, 11:49 AM
    • 7 Posts
    • 1 Thanks
    magicnumber7
    I had enough of the digital document verification not working, so cancelled as once I needed to jump through lots of hoops to get verified I didn't want to take the risk of a credit file search!
    • talexuser
    • By talexuser 31st Aug 17, 11:15 AM
    • 2,695 Posts
    • 2,121 Thanks
    talexuser
    I joined the MSE club to get a free Experian report and there was a hard check there by RBS (even though I have 3 other current accounts with them!). However I'm on 999 so it did not affect my score and I suppose not worth bothering with to ask for a deletion.
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