Can credit card companies see your bank accounts?

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7 posts
turtle1
 
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Can credit card companies see your bank accounts?

Postby turtle1 » Wed Mar 27, 2013 1:52 am

When you apply for a new card they always seem to want info about your bank accounts. How many? Where? Your favorite position? Etc.

So my question is, are they able to actually look up what bank accounts you have during the process of considering your application? And if so, what info exactly are they able to see and access on their end?


Bksuper
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Postby Bksuper » Wed Mar 27, 2013 3:37 pm

I think they can see balances and banking transactions only if is internal (i.e. the company issuing the credit card is the same one the deposit accounts are at). If they get a tax return from you, they can look at what bank accounts you have, and they ask what types of accounts you have at least 1 of (checking, savings, MM, Investment) on the application page for most CCs. But I don't think they can check the balances without your permission if its at another bank (of course sometimes such permissions might be in the fine print of the cardmember agreement).
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Sevenfeet
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Postby Sevenfeet » Wed Mar 27, 2013 4:17 pm

If you have a previous banking relationship with a financial institution and you apply for credit with them, there's nothing preventing them from using that information as a part of the application process. Otherwise they wouldn't normally have access to that information.
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champii
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Postby champii » Wed Mar 27, 2013 5:13 pm

Can they see if you have bank accounts and how many and where?

Moneytalks
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Postby Moneytalks » Wed Mar 27, 2013 8:26 pm

turtle1 wrote:When you apply for a new card they always seem to want info about your bank accounts. How many? Where? Your favorite position? Etc.

So my question is, are they able to actually look up what bank accounts you have during the process of considering your application? And if so, what info exactly are they able to see and access on their end?


You probably don't want to know what they know, very scary haha
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

champii
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Postby champii » Thu Mar 28, 2013 4:22 pm

champii wrote:Can they see if you have bank accounts and how many and where?


Apparently no one has the real answer to this?

champii
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Postby champii » Sat Mar 30, 2013 6:05 pm

champii wrote:Apparently no one has the real answer to this?


Guess not.



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