If I open emigrantdirect savings account online, will I see inquiry on my credit report?

Question

Bank says they do "soft" inquiry. what does that mean?

Answer 1

Yes there may be an inquiry, but not all inquiries will affect your credit score. The type of inquiries that are made opening a bank or savings account won't "ding" your credit rating .. but applying for a credit card or other loan, will.

Answer 2

Some credit reports do show savings accounts which in some cases works in your favor.

Answer 3

It won't hurt your credit.

I have had an emigrant direct account for about a year now with no problems.