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A few banks impose credit verifications on ALL prospective customers, even though the customer isn't applying for credit. This is a controversial way to discourage certain kinds of customers.

What is more commonplace, though, is many banks require credit verifications for customers seeking to open an account with a Check Card. Are there legitimate business reasons why a bank must run a credit verification since the customer isn't, at least in theory, applying for credit?

Are there still "holes" in the VISA and MasterCard point-of-sale systems where an unscrupulous Check Card holder could rip off the bank by making substantial charges exceeding their actual account balance? In the past there were many VISA and MasterCard point of sale terminals which ran transactions in batches rather than in real time - is this part of why the credit checks are required by many banks?
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