Notifying Bank - New job?

dwlive

Hi,

I was just wondering if I have to tell my current account providers/update the job details held on me upon starting a new job? I say this as I will be applying for a few new accounts due to the interest rate drops and didn't want any conflicting information appearing upon credit searches etc.

Any help regarding this matter will be much appreciated

Shakin_Steve

As far as I can remember, our bank has no details of employment, just the profession from a drop down menu and a telephone number.

GingerBob_3

dwlive wrote: »

Hi,

I was just wondering if I have to tell my current account providers/update the job details held on me upon starting a new job? I say this as I will be applying for a few new accounts due to the interest rate drops and didn't want any conflicting information appearing upon credit searches etc.

Any help regarding this matter will be much appreciated

You don't need to tell them. It's none of their business. The only time you should tell your bank something is if you move. Employment details are not, as yet, held against you by the CRAs.

dwlive

Thanks for clarifying I had a suspicion that banks didn't hold this information but just wanted to make sure.

YorkshireBoy

dwlive wrote: »

Thanks for clarifying I had a suspicion that banks didn't hold this information but just wanted to make sure.

You told them when you joined them what you did for a living, for whom, and for how much reward.

You've given every other bank you joined since the same information.

All the banks you have accounts with share your application information with Fraud Prevention Agencies. Any discrepancies could cause a problem.

Personally I update my banks (via my online area more often than not) whenever I change employer, and/or job title, and/or salary. I find it generates quite a lot of 'guaranteed' offers on credit cards etc, particularly with LBG.

20aday

When I moved in May and changed jobs at the same time I also notified Lloyds Bank (and other credit providers).

As YorkshireBoy points out Lloyds have also generated several offers for me, too.