Do Banks Run A Credit Check When Opening An Account

Banks and credit unions want to learn about your financial past before establishing an account with you.
Do banks run a credit check when opening an account. They do this by running a bank history report on you which is different from a credit check. A soft credit. It s important to find out if the bank will perform a hard credit check since a hard inquiry can negatively affect your credit score and may not be worth opening the checking or savings account. They may instead run a chexsystems report.
Most financial institutions will conduct a credit check also known as a credit pull or inquiry when you apply to open a savings account. Some banks and credit unions will pull your credit report as part of the vetting process for customers looking to open a new checking account.