Hard Or Soft Pull For Account Opening?: 2021 List of Financial Institutions

kcfield | Dec 17, 2022 | 188 posts since 2012

One of the frequent critiques by deposit account readers is that several financial institutions do a hard credit pull (rather than the expected soft pull) for folks opening up a new savings, CD, or checking account. Below is a comprehensive alphabetical list of financial institutions (updated in 2021) which indicates whether that bank or credit union does a hard pull or soft pull when opening an account. I want to echo the disclaimer of the article's author: to please confirm the information directly with the financial institution as some financial institutions may have changed their policies since the article was written. I hope this is a helpful resource to fellow readers.

https://www.bankcheckingsavings.com/hard-pull-or-soft-pull-for-opening-a-bank-account/

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fred_b | Dec 17, 2022 | 172 posts since 2022

I run Malwarebytes and it flags bankcheckingsavings.com as a trojan. It may be a false positive but I'm not going to override the block.

kcfield | Dec 17, 2022 | 188 posts since 2012

Hi Fred: That is strange because I run Malwarebytes Premium along with Webroot and neither program flags the site on my computer. However, I would utilize the same precaution in your situation.

blazer9 | Dec 17, 2022 | 228 posts since 2019

Doctor of credit.com
Has list of 997 hard/soft pull list
use same precautions

Choice | Dec 17, 2022 | 937 posts since 2020

I’d like to see the form of agreement between FIs, creditors, and/or credit reporting agencies to see how each are purportedly defined…all witchcraft!

kcfield | Dec 17, 2022 | 188 posts since 2012

Blazer: Thanks for adding the Doctor Of Credit resource to this post.

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