![]() ![]() ![]() Some examples of soft inquiries are self credit checks, a creditor checking your credit for a preapproval, or an employment background check.īut keep in mind that some banks could do a hard pull (also known as “hard inquiry” or “hard credit check”) on your credit report, to identify the level of risk associated with your prior banking history. A soft inquiry does not affect your credit score, and typically occurs when you or someone you authorize checks your credit report. When you open a checking or savings account, most banks do a soft inquiry on your credit report. □ Traditional banks could conduct a soft or hard credit inquiry when you open an account Similar to credit card companies, banks look at the credit history of potential customers before granting them access to financial products and services, which include checking and savings accounts. ![]()
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