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Does fifth third bank check your credit before opening an account?
Wiki User
∙ 8y ago
If you are opening a savings or checking account, the bank doesn't care about your credit because you won't be able to do anything unless you put money into the account. If you're applying for a credit account, of course they are going to look at your credit history to see if you will be likely to pay them back for what they loan you.
Wiki User
∙ 8y ago
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When you join a credit union do they check your credit?
Yes, they something called a soft pull, also if you are opening a checking account they run you through Chex Systems
What can you do with a large check if you have poor credit and cannot open a bank account?
Most banks in this situation would be willing to open an account. The check is for a large amount and drawn on a reputable company. Unless you have judgment(s) pending, where a bank account could be levied, there shouldn't be any problem. Walmart (believe it or not) will accept anyone with even a small opening deposit, regardless of credit status.
Would a deposit appear on your bank statement as a credit?
Yes. A deposit is a credit and a withdrawal (check, debit card, etc.) is a debit. For example, you open a checking account with $500: Opening Balance $500 this is a credit (+) You write a check for $25 this is a debit (-) You write a check for $82 this is a debit (-) You make a deposit of $250 this is a credit (+) You write a check for $28 this is a debit (-) Your balance is $615 If you were to write a check for more than your balance of $615, then you would have a negative (-) balance.
Can you reopen a credit card that you closed?
Yes, you can request your issuing credit card company or bank to reopen your credit card that you closed. I did that with one of my credit cards. However, make sure that you had a good record on that particular closed account and that you check if all the balances have been paid before you closed the account in order not to ruin your credit history.
How soon can you open a bank account if you have an account that was closed due to late or no payments?
Immediately after, before it goes onto your credit report. There are some banks that don't do a background check - they are usually in Walmarts.
Is it legal to check your credit to open an account with a bank?
Yes, it is perfectly legal to check your credit score before opening an account with a bank. The bank themselves would run a credit check on you before finalizing the account opening procedure. However a good credit score is not mandatory to open a deposit account.
When you join a credit union do they check your credit?
Yes, they something called a soft pull, also if you are opening a checking account they run you through Chex Systems
Where can I Open A Checking Account without a credit check?
You can open a checking account with badcreditnic.com. The do no check your credit.
How do you check the credit history of a foreigner?
The information from a credit history doesn't transfer. So what has to be done before the person moves is to get a U.S. bank account and try to establish some credit.
Can you cash a check from the bank that the person who issued the check it to you without opening an account?
I am receiving a check from a lawyer and it has been in his account for ten days can I cash it at the bank he has the account at
What can you do with a large check if you have poor credit and cannot open a bank account?
Most banks in this situation would be willing to open an account. The check is for a large amount and drawn on a reputable company. Unless you have judgment(s) pending, where a bank account could be levied, there shouldn't be any problem. Walmart (believe it or not) will accept anyone with even a small opening deposit, regardless of credit status.
What can you do if your bank sent you a letter telling you that they will close your account because of a bad check you deposited into your account and could this affect your credit?
Normally if a bank closes your account they will report you to chexsystems, telecheck, or early warning services. If the account is charged off, it may be turned over to a collection agency and in turn it could hurt your credit. It will also prevent you from opening a new account easily
Would a deposit appear on your bank statement as a credit?
Yes. A deposit is a credit and a withdrawal (check, debit card, etc.) is a debit. For example, you open a checking account with $500: Opening Balance $500 this is a credit (+) You write a check for $25 this is a debit (-) You write a check for $82 this is a debit (-) You make a deposit of $250 this is a credit (+) You write a check for $28 this is a debit (-) Your balance is $615 If you were to write a check for more than your balance of $615, then you would have a negative (-) balance.
How do I access my personal account at Virginia Educator's Credit Union?
You need to check with the credit union and see if they offer online access to your account.
Can my small business get a merchant account even if I personally have bad credit?
yes you can have merchant account eventhough you have bad credit, check on this CommercePaymentSystems.com
Can you reopen a credit card that you closed?
Yes, you can request your issuing credit card company or bank to reopen your credit card that you closed. I did that with one of my credit cards. However, make sure that you had a good record on that particular closed account and that you check if all the balances have been paid before you closed the account in order not to ruin your credit history.
What is the financial accounting entry for check cashing?
[Debit] Cash account [Credit] bank account
