Does changing your bank too often negatively affect your credit rating?

[Blurpblorp]

Changed from Lloyds to HSBC in 2019. I want to change to Starling now... Just a very brief question! Grateful for any advice.

If it was 2 years ago I think it will be ok
Word of warning though we wanted a joint Starling account so I opened mine ok but they turned down DH and despite checking his credit file we have no idea why - he has a better profile than me!
He can’t even apply again for 12 months

Thanks @Hoppinggreen sorry to hear about your DH how weird? Can a person request a reason if that happens?

You say it's been 2 years so ok, does that mean changing banks would otherwise affect a person's credit rating? Thanks a lot

As part of the switching process, the new bank will carry out a search on your credit record which will show up on your credit record and have a minor impact on your credit rating.

Stable relationships with providers, such as having an account with the same bank for a long time, can improve your credit rating as it’s seen as a positive marker; but having only recently taken out an account doesn’t reduce your credit rating.

Thank you @ComtesseDeSpair

Staying long term with a single bank also improves your chances of getting credit/mortgage/loan from them as they know your full history from their records, regardless of your official credit file.

I've been with Halifax for a very long time (35 years). It's not my only bank account - in fact I use other current accounts more than the Halifax one, but it's where I've consistently had my monthly wages paid into and where (years ago) my Halifax mortgage was paid out of. Now I only have the current account. Most standing orders/direct debits and credit card accounts are with other banks.

A few years ago, I went to the Halifax for a mortgage. They approved it at the first meeting and I walked out with a mortgage certificate. They didn't run a credit check at all. The guy said the system showed it as being pre-approved simply from the banking history with them.

That's interesting @Badbadbunny I was with my previous bank for about 30 years and the one time I needed a loan their terms were just unbelieveable. I was so angry - I'd always been a good customer with a good banking history. Got a much cheaper loan elsewhere. Anyway... I'll see about moving.