Account Inquiry

DEFINITION of 'Account Inquiry'

Any inquiry into an account, whether it be a depositary account or credit account. The inquiry can refer to past records, payments or other specific transactions, or any other entries relating to the account.

BREAKING DOWN 'Account Inquiry'

Most financial institutions have a formal department that deals with account inquiries. Sometimes the term is used when there is a request to or from a credit agency about a particular consumer.

RELATED TERMS
  1. Credit Inquiry

    A transaction whereby a bank or other credit-issuing institution ...
  2. Hard Inquiry

    A type of credit report check that may lower an individual's ...
  3. Soft Inquiry

    A credit report check that does not affect an individual's credit ...
  4. Appreciative Inquiry

    Definition of appreciative inquiry
  5. Credit History

    A record of a consumer's ability to repay debts and demonstrated ...
  6. Account Activity

    A banking term that refers to any activity that creates a debit ...
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RELATED FAQS
  1. Do free credit reports affect your credit score?

    Find out whether your credit score is affected when you are using one of the services that let you check your credit rating ... Read Answer >>
  2. Does every inquiry affect a credit score?

    Check a credit report to prevent an overabundance of hard inquiries and to obtain an overall picture of your credit score's ... Read Answer >>
  3. Does shopping for the best interest rate affect my credit score?

    Learn about hard and soft credit inquires and how shopping for credit may negatively affect credit scores. Explore strategies ... Read Answer >>
  4. How does applying for student loans hurt my credit score?

    Discover whether shopping for student loans negatively impacts your credit score, and how concentrating your applications ... Read Answer >>
  5. What’s the difference between a consumer disclosure and a credit report?

    Find out why consumer disclosures and credit reports are considered different documents, even though they contain similar ... Read Answer >>
  6. How does your checking account affect your credit score?

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