Does opening a Biscuit joint bank account affect my credit score?

Opening a Biscuit joint bank account doesn't change your credit score, because we don’t carry out a hard credit check. It does create a link between your credit file and the other person's, called a financial association. That means lenders may look at their credit history, as well as yours, when you apply for credit in the future.

What is a financial association?

A financial association is a link on your credit file to someone you share a financial product with, like a joint bank account, a joint mortgage or a joint loan. It shows up on both of your files.

A link doesn't mean the other person's score becomes yours or impacts your score. But when you apply for credit, lenders can look at the other person's file too.

Will opening a Biscuit joint bank account involve a credit check?

We'll run soft searches on your credit file when you apply for both your personal Biscuit bank account and your joint account, to help verify your identity. This doesn't affect your credit score, and lenders can't see it. See Will opening or switching to a Biscuit bank account affect my credit score? for more about this.

How do I remove a financial association?

Once the Biscuit joint bank account is closed, you can ask each credit reference agency (Experian, Equifax and TransUnion) to remove the link. This is called a notice of disassociation. You'll need to contact each of them separately.

Does closing a Biscuit joint bank account affect my credit score?

Closing a Biscuit joint bank account doesn't affect your credit score.  But the financial association stays on your file until you ask the credit reference agencies to remove it.