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Suppose someone in the United States took any of the following actions:

  1. Open a new checking account.
  2. Closing an existing checking account.
  3. Close the checking account with the longest standing.

Would it have an impact on credit score? Would it even show up in a credit report?

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mathemagician
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1 Answers1

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None of what you mentioned is part of your credit report, unless you close an account that was overdrawn and has been referred by the bank for collections.

In the U.S., your banking history is maintained by several companies, the largest of which is ChexSystems. When you open a new account, the bank will request your history from one of these firms and, just like with credit reports, if you have adverse banking history (which often includes information about bounced checks) then the bank may not be willing to open the account.

Daniel Anderson
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