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Will opening a savings or checking account affect my FICO Score?

If you have good credit, check your credit report, are diligent in managing credit, and mind your Ps and Qs, you generally don’t have to worry about minor impacts from opening a savings account or a certificate of deposit.

Opening a checking account may result in a hard credit inquiry pull on your credit report if it comes with overdraft protection or a check card. The impact from this type of inquiry is minimal and short lasting, unless you are already having credit problems or open up a slew of accounts in a short amount of time.
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myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

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