NO! They do not.
When you apply for a new bank account, they do not run an inquiry on your Credit Reports. They do not use them as a decision.
An inquiry that will appear on your ChexSystems Report. You do not want to keep going from one bank to another trying to open up account if you continue to get declined. This will result in multiple inquiries on your ChexSystems report.
Your credit does not affect the decision whether or not you will get a bank account.
Most people will never hear about ChexSystems unless they eventually have their bank account closed and/or are denied a New Checking Account.
ChexSystems is a very quiet and powerful company that provides account verification services to its financial institution members to aid them in identifying a New Applicants Risk Level.
If you pose a risk, you can lose your current account(s) and be DECLINED for future bank accounts.
ChexSystems started in the early 1970′s and has evolved to the point that most if not all Financial Institutions use their services.
Think you are in ChexSystems?