MBNA asks for bank account details on their application!

19donna82

Hi, I hope I've put this in the right place, if not my apologies and feel free to delete.

I went to apply for balance transfer credit card on MBNA website but they ask for my sort code and account details! I haven't applied for credit in a long time and wasn't sure if this was standard? Aren't we normally warned never to give our bank details? I can't understand why they'd need this info when I'm only applying for the card. Fair enough they might ask for this info after accepting my application but why would they need it now?

Any help or advice would be much appreciated.

Thank you

quinndelfre

19donna82 wrote: »

Hi, I hope I've put this in the right place, if not my apologies and feel free to delete.

I went to apply for balance transfer credit card on MBNA website but they ask for my sort code and account details! I haven't applied for credit in a long time and wasn't sure if this was standard? Aren't we normally warned never to give our bank details? I can't understand why they'd need this info when I'm only applying for the card. Fair enough they might ask for this info after accepting my application but why would they need it now?

Any help or advice would be much appreciated.

Thank you

It's standard and required when applying for any loan or credit card. The lender needs this info to run a credit check on you. Based on this check you either get accepted, rejected, or you're asked for further docs.

GingerBob_3

19donna82 wrote: »

Hi, I hope I've put this in the right place, if not my apologies and feel free to delete.

I went to apply for balance transfer credit card on MBNA website but they ask for my sort code and account details! I haven't applied for credit in a long time and wasn't sure if this was standard? Aren't we normally warned never to give our bank details? I can't understand why they'd need this info when I'm only applying for the card. Fair enough they might ask for this info after accepting my application but why would they need it now?

Any help or advice would be much appreciated.

Thank you

Yes, that is so. But financial organisations such as MBNA are 100% reliable and will never compromise your data, so there shouldn't be a problem. :rotfl:

19donna82

Well I am shocked! Thank you so much for your reply, much appreciated :beer:

grumbler

19donna82 wrote: »

...Aren't we normally warned never to give our bank details? ...

No, we aren't.
Our bank details are printed on all our cheques that we give to random people or companies.

reclusive46

19donna82 wrote: »

Well I am shocked! Thank you so much for your reply, much appreciated :beer:

It's main purpose is for them to check your identity to protect against identity theft.

andyfromotley

grumbler wrote: »

No, we aren't.
Our bank details are printed on all our cheques that we give to random people or companies.

Whats a cheque??

GingerBob_3

No, we aren't.
Our bank details are printed on all our cheques that we give to random people or companies.

It's main purpose is for them to check your identity to protect against identity theft.

Something not quite right here

boo_star

reclusive46 wrote: »

It's main purpose is for them to check your identity to protect against identity theft.

Out of interest, how?

I know that with cards you can obtain an authorisation and it'll check that name and address match but with a sort code and account number?

All you'd really be able to check is that it's valid (not a working account but is a valid combination) and if are asked who they bank with, that the sort code is indeed used by that bank.

reclusive46

boo_star wrote: »

Out of interest, how?

I know that with cards you can obtain an authorisation and it'll check that name and address match but with a sort code and account number?

All you'd really be able to check is that it's valid (not a working account but is a valid combination) and if are asked who they bank with, that the sort code is indeed used by that bank.

Your account number and sort code of most current accounts is mentioned on the credit report that the searcher sees.

PaulW922

Generally speaking other potential lenders cannot see your bank account details on your credit file, but they are not confidential in any event. They are indeed on your cheques, and probably on your debit card too - mine certainly is. You also give them to your employer (mostly), HMRC, energy companies, etc etc.

And if you don't want to give them to MBNA, you can always apply for a card from another lender.