CONTENT

  DEPARTMENTS



  DETAILS
Legend for Icons
 Article    Q&A

 Podcast  Video

 Blog  Discussions

PDF    Powerpoint
BankingQuestions.com Web

  Home >> Accounts  
Do Banks Exchange Customer Information?

Can a banker determine if I have an account at another bank if I do not tell him?

Untitled

Certainly, banks report information to credit bureaus. That is most often about loans, but a deposit account can become a loan and reportable as well. They may also see a credit bureau inquiry. There are other ways, but that is the most common. If the meaning of the question is do banks routinely share information on new accounts/owners with one another, the answer is no.

Published on BankingQuestions.com 12/29/09