I talk a lot here about the benefits of moving your bank or even opening additional accounts, but a few of you have asked if that could hit your credit score.
Well, the answer is... it depends.
So in this video I've looked at the difference a soft or hard check makes to your credit report, as well as factors such as the number of applications you make, who the account is with and more.
Plus, I've highlighted a few banks which won't impact your score at all - great for those with poor credit history.
#CreditScore #Bankswitch #Starling
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Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, presents the Cash Chats podcast and Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
Andy's YouTube channel won Best Money Vlogger at the 2017 SHOMO awards.
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DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.