Savings account

[jacko]

Does a savings account show up on a credit report and the Chex system?

The reason for having one is not to park cash, but for ACH reasons. Wal-Mart got rid of ACH on their money card.

[AngelinaCat]

Hi jacko. I have a Health Savings Account (HSA). It does not show up in any kind of check system that I know of.

When our credit reports were run January 4, 2012, it was at the CU where we do our business and I have this HSA.

[ValleYum]

If the bank or CU where you have (or are planning to open) your savings account orders a screening from Chex Systems that inquiry will show up only if a creditor pulls a report from Chex Systems themselves. If they run a regular credit report, the bank will be listed as the entity ordering the report - and a creditor could possibly see that. You can certainly ask the bank/CU about their qualifying criteria for savings accounts and whether they make an inquiry to Chex, any of the big 3 credit bureaus or none at all.

None of the hard copies that we ordered from the 3 major credit bureaus shows any banking information (checking or savings account) about us.

[df04527]

In my many years i have never seen banking info on credit reports.

[jacko]

Thanks, for all your input.

[GoingDown]

In my many years i have never seen banking info on credit reports.

The last time I opened a checking and savings account, there was a hard pull on my credit report, and the (fortunately) erroneous employer information I gave them ended up on my Trans Union credit report, so I knew they gave Trans Union the information.

I wasn't even applying for a credit card, just a checking account/savings account.

Might as well ring the dinner bell for debt collectors!