Advertisement
Anonymous
Collection of Personal Information by Banks
Do banks have the right to ask customers for any of these personal information as part of their Know Your Customer process?
- IRAS Notice of Assessment
- Past letters of employment (if previously employed)
- Details of contracts with clients (if self-employed)
- Financial statements from other banks used by the customer
18
Discussion (18)
What are your thoughts?
Learn how to style your text
Reply
Save
1,2,4 seem possible to check source of funds. 3 looks a bit off
Reply
Save
No
Reply
Save
Depends on what you're applying for
Reply
Save
Depend on the product or service that you are trying to apply...
Read 6 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
Sounds like you are applying for a loan? As some self-employed people have inflated their IRAS NOA for loan applications, 3 is likely used to cross-check. We wrote some blogs on credit profiling. You can check it out if you are keen to learn more!