That doesn't answer my question.
I was wondering if the opening and closing a checking account would be a negative hit on my credit reports.
Hi winters. Deposit accounts are not credit products, so there is no pull or effect on your credit report.
Deposit accounts are run through ChexSystems.
Even if the bank checks your credit report and/or uses the ChexSystem the impact should not be big or long lasting. There might be impacts if you did a whole lot of them. Some MSCs are better about protecting shoppers than others. When I opened a credit union account I was told that they would not do a credit check so you can imagine my surprise (and annoyance) when the banker said, "Congratulations! I have never opened an account for anyone with a credit score as high as yours." I asked what the score was and what he quoted was indeed my current score.
I have a question. An MSC is offering a bank checking account opening shop.
The guidelines say no credit check or ChexSystems will be used. The account will be opened with $1.00 (reimbursed) and closed the next month by the bank. That part I don't have any issues with.