open checking account issue

[sommer33]

question: opening checking and saving account will result hard pulls in your creditscore in US? i never knew that! thought only credit card application is hard pul!! if it's true i should stop opening bank accounts now as we plan to buy a house soon!

i just opend 3 accounts with boa and one with ing direct. that will be 4 hard pulls? and somebody said ing can't do the name mismatch? if i go to local credit union, to ask for an account without credit, just basic, that will then be a soft pull?

what about the walmart money card/checking account? are they useable?

thanks

[yotano211]

The banks that do check your credit history never do a "hard check", they all do a "soft check". And they mostly check if you have any bad history with chex sytems.

And ING does accept paypal deposits with mis matched names. I use them right now. Walmart money card still works but its not good for the long term.

[AmazonStealth]

^ Above post is correct. How credit works can be a tricky issue, but if you are buying a house soon, the bank rep should have gone through all of this with you.

[rsot]

Soft pull is done whenever you are NOT applying for credit - just to see your financial stability.

[sommer33]

thanks very much! that is good to know, i researched on internet and there was confusing info, even a long list complied on fatwallet or something telling which bank does hard pull.

on this forum, ppl are saying ing no no, but i trust if you have tried yourself that must be true. last question: does the withdraw bank - not the verification bank or debit card - has to pass avs as well? means all the street nr. and postcodes have to correspond to stealth info?

thank you again!

Originally Posted by yotano211

The banks that do check your credit history never do a "hard check", they all do a "soft check". And they mostly check if you have any bad history with chex sytems.

And ING does accept paypal deposits with mis matched names. I use them right now. Walmart money card still works but its not good for the long term.