I just did an inquiry shop last week. I will definitely do one again.
I've done the account opening shops in the past. Because of some mix-up with the IRS sending them a letter, they say I owe them $100 in document prep fees for what they had to do to respond to the IRS. Otherwise I would do them again. I should have closed the account but I didn't. IRS never sent my regular bank anything.
Once you set up the account, you can cancel it within 2 weeks I believe. The reports are straight forward. They do require a blow by blow accounting of the visit at the end of the report. I'd say maximum 30 minutes in bank and about 45-60 minutes tops on the report, perhaps less.
Very straight forward, nothing tricky and there is usually no wait to see a banker.
Edited 1 time(s). Last edit at 08/23/2022 08:31PM by wrosie.