Keeping my personal banking private

johnny_t_2

Post WITHDRAWN

jimjames

johnny_t wrote: »

can anybody recommend a bank that would keep your personal information private. I would even consider going abroad to open such an account.

I'm sure there's lots of places you can go abroad and not have to worry about a bank. Get rid of your mortgage and all bank accounts and live here, then no-one will be able to trace you.

eskbanker

johnny_t wrote: »

Going back to the credit card fraud department about keeping my data private so I don't loose any money in the future, they advised that it was impossible as my personal information is allowed by law to be shared or purchased as a means for organisations to make decisions on wether or not they give me credit even though I don't want credit

In my opinion it's extremely unlikely that any form of fraud is perpetrated by virtue of accessing data held by the credit rating agencies, so if that's what you were implying then I think you're barking up the wrong tree (perhaps one of the appealing palms in the photo!).

You'll find that any dealings with credit card companies or banks will be covered by Ts & Cs that expressly allow data sharing with the CRAs in both directions for legitimate purposes - if you hadn't consented to this you wouldn't have been given a credit card in the first place!

grumbler

johnny_t wrote: »

Hi All
I have recently been subject to credit card fraud and was lucky enough to get my money back. Having discussed my case with the credit card fraud department, I decided to look into my private information and how it is used. They advised getting two credit check reports

Credit files/histories

and internet searches

:huh:

on both names and address. When i read both credit check reports, I was furious that my bank had allowed my personal details including amounts of my mortgages to anybody that wants to pay for it through these agencies.

So, are you saying that any potential lender has no right to know how much you already owe?

My accounts can also be directly accessed by numerous government and local government departments without my permission.

Usually you do give a permission, but simply don't check thoroughly all details to notice this.
Would you prefer going/driving to offices or sending certified copies every time some department wants to check your ID?

Going back to the credit card fraud department about keeping my data private so I don't loose any money in the future, they advised that it was impossible as my personal information is allowed by law to be shared or purchased as a means for organisations to make decisions on wether or not they give me credit even though I don't want credit

What about the mortgage?

AND that the Data Protection Act means the total opposite.

Many people, including in banks, refer to the DPA while knowing nothing about it.

My question for advice, can anybody recommend a bank that would keep your personal information private.

Basic bank accounts usually don't get reported to CRAs.

GingerBob_3

grumbler wrote: »

Credit files/histories :huh: So, are you saying that any potential lender has no right to know how much you already owe?
Usually you do give a permission, but simply don't check thoroughly all details to notice this.
Would you prefer going/driving to offices or sending certified copies every time some department wants to check your ID?
What about the mortgage?
Many people, including in banks, refer to the DPA while knowing nothing about it.
Basic bank accounts usually don't get reported to CRAs.

'Usually' being the operative word here. Punters should be advised that a whole raft of organisations have unfettered access to CRA data about you, and can add data to the files, with or without your consent.