Opening a checking account seems so simple since you just need a place to store your money, right? Well, your credit history may still be taken into account by the bank to determine if they will approve you to have one. When a bank looks at your credit report, it is to check your payment history. The idea being that someone who does not make their payments on time may also regularly overextend themselves and overdraw the account. Your credit history may not always be reviewed, but a bank does tend to look at your debit report. This provides information on your past banking history, including the number of overdrawn checks you have had.

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