UnrulyJulie Posted November 16, 2004 Report Share Posted November 16, 2004 I found this very strange. To my knowledge, a bank has never made an inquiry on me to open a savings or checking account. I have had a regular checking account with Wachovia for 5 years now, and last week I opened a money market account. To my surprise, I found they made an inquiry with Experian?! Why would they do this, given my history with them, and shouldn't I get it removed? Additionally, their decision to give me the MM account surely wasn't based on my credit worthiness, since it is a complete and total mess.Julie Link to comment Share on other sites More sharing options...
DHK Posted November 16, 2004 Report Share Posted November 16, 2004 Pulling one's credit does 2 things:1) Helps to confirm your identity (thanks the USA Patriot Act)2) Shows credit worthiness for opening a deposit account.I agree that since you've been a customer with them for 5+ years, they shouldn't need to pull a report. Unfortunately, this could be a case where "house rules" apply. They (Wachovia) can pull your report if necessary for their own requirements. Usually, it's the software being used that pulls the CR - the banker must do this in order to open the account.I have never heard of a retail bank manager being able to remove a credit inquiry from a customer's account. Link to comment Share on other sites More sharing options...
UnrulyJulie Posted November 17, 2004 Author Report Share Posted November 17, 2004 Thanks! I figured it was more for identity verification and some house rule.... Link to comment Share on other sites More sharing options...
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