Bank Account Checking & Savings Soft Pull or Hard Pull – 2022 Edition

Many of my readers have been opening multiple bank promotions over the years to take advantage of the higher interest rates or sign-up bonuses. Whenever opening a bank checking or savings account, you can get either get a hard pull or a soft pull depending on the bank.

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. Too many hard inquiries on one’s credit report can be resulted in higher loan or insurance rates.

Based on the reported experiences of the many consumers online from sites such as FicoForums, Slickdeals, CreditBoards, Flyertalk, etc, we’ll put together the most extensive list of Banks(alphabetically) on the type of inquiry they will perform whenever opening a checking or savings account.

Read more in-depth explanation for each bank bonus such as direct deposit(full list of what count), account type, expiration date, hard or soft pull, credit card funding, geographical restrictions, additional bonus requirements, and early closure fee.

What Is A Hard Inquiry (Hard Pull)?

• • These inquiries DO affect your credit score.
  • A hard pull is an inquiry that occurs when a lender checks your credit report to make a lending decision.
  • Hard pulls can slightly lower your credit score and will typically stay on your report for two years.

What Is A Soft Inquiry (Soft Pull)?

• • These inquiries DO NOT affect your credit score.
  • A soft pull is an inquiry that occurs when a person or company checks your credit report as a background check.
  • It’s like when you check your credit score or when you get approved for a loan from a mortgage lender.
  • Soft pulls may occur without your permission but does not affect your credit score in any way.

Important: Please help us update our list with your own personal experience by commenting below. If you recently open a bank account, you can check your credit report to see if there is a hard pull or soft pull and from what credit reporting agency such as Equifax, Experian, or TransUnion.

Top Bank Accounts Soft Pull or Hard Pull

Disclaimer: We make no promise the information below is 100% correct since banks can change their way of checking credit often. This data has been extracted from the experiences of other consumers online from trusted forums and websites when opening accounts for bank promotions.