Why Banks Want to Know Your Salary So Badly | WSJ Your Money Briefing

[@bradfordjhart]

I pay my bills. That's all the bank needs to know

[@winstonsmith6204]

Yep

[@prapanthebachelorette6803]

Agree

[@Mehhh_was_here]

thats how it should be but in real life its not going to work.... when they are together you cant do anything. unfortunately in sweden you even have to give where you work too (Länsförsäkringar bank) has that. all the bank forces you to fill....so many things.

[@CJ-cc5jm]

If someone asks too many questions when i'm trying to get a loan, I might tell them they gotta pay for that.

[@mensrea1251]

Nonsense. Try actually living in that kind of world where the banks are not allowed to monetize your private data and you’ll find yourself without credit, without a mortgage, without a house, without a car, without much of a future. That’s the hard reality. Credit has powered the expansion of the world economy and given you the quality of life and lifestyle that you and billions of others enjoy. You may say you’re ok giving all that up but most will not.

[@paillette2010]

It’s funny how banks use this as risk assessment, yet as a former banker my job #1 was to sell debt.

[@HateTheIRS]

Well you need enough income to pay off the debt they sell you.

[@x-men69-96]

It is one of the reason you are a former banker.

[@nachiketpatil9338]

@@x-men69-96understatement!

[@prapanthebachelorette6803]

Interesting

[@paillette2010]

@@DreamSequia who the average consumer? Hardly. That’s a rich person’s game. And despite the Rich Dad books that man has sold, _few_ people are leveraging debt in a way to gain wealth.

[@kelvinjohnson4]

The banking situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far,” It’s precisely at times like these that investors need to be on guard against the next certainty. First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0

[@LionTowercoporation]

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[@UshnicYuvnikof]

Over the years, I have learnt not to trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor and it has been paying off. No major loss has ever been recorded since 2019 i started. I'm never going back to banks full time.

[@adakkristinn]

@@LionTowercoporation this is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy

[@LionTowercoporation]

@@adakkristinn My Financial adviser is ‘’Colleen Janie Towe’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@adakkristinn]

@@LionTowercoporation Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call.

[@darnellcapriccioso]

The Collapse of American banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what's the best way to take advantage of this bear market?

[@maiadazz]

I have learned to not trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor, and it has been paying off, and I'm never going back to banks full time.

[@tatianastarcic]

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[@darnellcapriccioso]

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[@tatianastarcic]

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[@richardhudson1243]

@@darnellcapriccioso Upon conducting a comprehensive search, I discovered that her complete name occupied the highest position in my search results. I express my gratitude for this valuable information, and it is genuinely appreciated.

[@email4dj]

Thank you for that informative, non-scripted, not-at-all self-serving explanation that was clearly independently created and not spoon-fed by the banks interview. I feel so very informed now. I'm calling my bank to give them all my financial information as well as that of my spouse and children so that my family can bask in the glory of financial services tailored to meet our needs and save us money.

[@karlhernandez617]

❤️ this comment

[@nysteelhorse]

I'd say there was a level of naivete evident in this report. That reporter needs to start traveling with salt in their pockets so they can take a grain when they're interviewing.

[@nathanp.5563]

I'm going to go off a limb here... I'm picking up some sarcasm here

[@ya472]

"IT IS BANK POLICY" is the story I get when trying to do transactions with banks. They ask questions which are against the law, but it is 'bank policy" to which I reply, "It is none of your business, and if you don't want my business, I will go somewhere else." That usually shuts them up.

[@Theomite]

Any examples of these illegal questions so I'll know them when I see/hear them?

[@ya472]

@@Theomite Any questions about you finances, 'where else do you bank', ' do you have a mortgage, stocks or other assets', 'what is your income,spouses income', etc. If applying for a loan or mortgage, some of these questions are relevant, but not when opening an account, or depositing or buying a term deposit. Also, when you give your money to a bank, it becomes THEIR property. There is no guarantee they HAVE to return it.

[@ya472]

@@Theomite Banks are the same as transacting with your neighbour, most information you give, or assets you hand over the fence, is no longer yours. Banks do not ACT in your benefit, they just want your stuff, so they can make money.

[@Theomite]

@@ya472 ...say that last part again?

[@ya472]

@@Theomite Just research stuff you do not have to share. Nosey Banks are like nosey neighbours.

[@anonsurfer]

Risk Assessment is only a pretext. The more information banks have about you, the more they can customize products to sell to you and also determine how much interest & fees they think they can charge and get away with, if you happen to be in a desperate situation or oblivious in case you happen to be well off. It's like poker - you never want to reveal all the chips you hold, because your opponents are devising plans based on that information.

[@MF-qf7bs]

True. My bank started charging me monthly fee and I was told it was the lowest I could get. Then had a teller inform me that if I kept a minimum of $100 a month in the account I could have no mo. fee. My minimum mo balance is $1K+

[@Kk-wp5rl]

In poker, you are required to reveal all the chips you hold.

[@SDRLG]

Rule in corporate America: if they didn’t care, and now suddenly are desperate to know, they don’t want to know for the reason they say.

[@Genethagenius]

Ding ding ding!!! We have the right answer!

[@byDsign]

✅✅✅

[@wingmantx]

This is such a great interview in just under six minutes, they spoke clearly and provide great information to the audiences

[@dannywalters958]

By understanding how Banks work, it becomes clearer why they ultimately fail. Do people even know Banks use a majority of their funds for their "personal investments"? Ever heard the saying cash is thrash? Just hold your money in more stable and lucrative ways and save yourself the stress.

[@Kortneylove-1]

...Easier said than done. what are the other options

[@titanjack3118]

Sorry to jump in, but there a lot; gold, stocks, stable businesses etc. I know this cos personally I made my first million late last year from stocks and bonds which I have used to set up and put into the other things. The only downside is that you could also lose your funds which is easily remedied by using a professional or making very thorough inquiries. Good luck.

[@marguritetheodore2194]

@@titanjack3118 ...wow I know this hilarious man. Once attended a fundraiser he was also in attendance here in Vancouver,, Great speaker with a funny accent,, He's in the States though, I doubt he works with non residents,,,

[@AdverseOpinion]

This entire conversation feels fake.

[@prancer1803]

@@AdverseOpinionit is, of course

[@classicredwine]

My bank periodically asks me for my job and salary and I always put Unemployed and $0

[@TheTruthSeeker756]

lol!😄

[@doubleaa658]

I tell my bank I make 300k and I get 50k credit limits lol

[@Mayordomo32]

I’d delete this comment.. lol

[@austinip5273]

Maybe he’s telling the truth 😆

[@Mayordomo32]

@@austinip5273 I don’t think he’d phrase it that way…

[@otisonyme9649]

That's fraud...and illegal

[@supreme5580]

That's illegal

[@debrab7844]

It is happening folks, the future of work is being redesigned. Yes, More tech companies wants to fire more workers from next week: "The third wave is going to happen next week. That affects everybody in the biz teams, including in my organization. It's just a time of great anxiety and uncertainty" Says Meta President.

[@manylinkz.lining]

Time and tide will not wait for any person. That means we must pay attention to how new technologies, and specifically AI, will make it easier for companies to become more efficient. Simply, this companies may not need a lot of workers, your bank may not need many staff. Your insurer may not need many workers. And the list keeps growing.

[@CurateHub]

It has nothing to do with AI. Economic distress in America is enormous. Many banks have gone under. Inflation is biting harder. Ukrain miscalculation is obvious. Facebook has been using AI in most of its features and products for more than 15 years now, so Ai has nothing to do with it. They embarked on unprofitable projects. And over hired. Apple has never laid off employees despite the economic downturn. They did well in hiring and never had failed projects. Metaverse failed. Gaming projects failed. Fintech, Lira failed. In the last 20 months, Sanbberg left, nobody is there to "tame the lion" Most Tech companies went woke: hired talents in order to prevent competitors from having access, they kept them idle, just to hijack a pool of talent. Over hired without proper assessment and protection. The existing projects couldn't turn in expected revenue, even before inflation war in USA set it. Let's put it in perspective without blaming AI. 95% of big tech have been using AI in the last 15 years. Building a passive income is a real hedge against inflation. Such is a thing that won't fail when the govt and the big tech fails.

[@Andrian-ch3on]

Is it time to require mandatory payment where even if you have no staff, you have to commit a certain percentage of your revenue which will be used to distribute to citizens as a "wage" alternative?

[@VitaliiSych]

@@CurateHub I wish I could tackle your submission but I already threw in the towel before I read the last line. I give it to you on this. I'm very interested in building a passive income but it seems like I will need a lot of coaching as I do not posses the required expertise. You on the other hand seem very well knowledgeable in that field, can you give out some tips on getting started with passive income or can you recommend a personal financial coach?

[@CurateHub]

@@VitaliiSych focus on acquiring a trusted advisor who can guide you. With their assistance, you can engage in trading and generate profits in stock and cryptocurrency markets, even if you lack prior knowledge. Consider reaching out to Elizabeth Puckett Hunter through any of her online medium

[@BelleDividends]

In Belgium, they could simply look it upon based on the money being deposited on your account. This is actually ones of the easiest things about your financial life for Belgian banks to know (unless you're a client with multiple banks).

[@justinmiller1118]

In the US many people divide their direct deposit across 2 or more banks, and pre-allocate some of it to retirement savings and tax-free healthcare funds.

[@justinmiller1118]

So your primary bank might only be getting 30% of your actual income deposited.

[@TheRealMartin]

Yeah, so only about half of my taxable (W-2) income goes into my bank. It has federal taxes, state taxes, 401k contributions, after-tax 401k contributions (mega back door), some people might have roth, etc. Also about half my compensation is in the form of company stock. I also pre-pay extra federal taxes to avoid a huge tax bill at the end of the year. So the bank sees money come in, but they really only see about half or less.

[@oregonflatland]

Yes but credit card companies can't do that because a lot of people don't bank with them or they aren't banking institutions. They only see what you spend and what your credit report tells them about your other debts and ability to service those debts.

[@mikek545]

It’s like asking the fox how many chicken they would like to kill. 😂

[@agoogleuser2369]

The whole credit score / system is flawed. It's all debt based. If you have no debt you can't / won't have a perfect credit score. But then again, if you don't need to lend any money you don't need to worry about this nuisance.

[@Thisthat1234]

Well if you fundamentally knew how banks make their money you’d understand that the credit score system is simply a tool of self preservation for the banks.

[@K-wx6ki]

its circular youre right. penalize you if you dont have credit but also if you do

[@ConsensusX]

Step 1: Get the biggest loan you qualify for. Step 2: default on it. 😎

[@Afroninja2025]

​@@ConsensusXlol why

[@ConsensusX]

@@Afroninja2025 Because the U.S. government does it. Oh wait... they just raise the limit every time 🥴

[@maineusaMax]

Well, Bank of America periodically just raises my credit limit without informing me. They definitely were doing a periodic check on income.

[@lancerfour]

or just don't tell them anything, ever. Sure, if you need a loan, gonna have to give up some details; otherwise, just shut them down and tell them you'll switch banks if they persist (there are a lot of great saving rates out there right now anyway).

[@realShadowKat]

This is why I would refuse to have my checking/savings with a "credit card" bank like Chase, Citi, BofA, etc. They'd be able to see how much your deposits are.

[@btrplay]

They can close my credit card. I don't care, because my income is none of their business. I'd rather have a ton of money than a credit score of 800, but that's just me.

[@RedShipsofSpainAgain]

Banks are like the cops: don't trust them, don't talk to em.

[@CaptainMarvel007]

Just went to open a new checking account with a major bank, and one of the many questions they asked us was, what is your salary? And their justification was, we ask this for money laundering purposes.

[@jasonbrady4894]

you have a typo in the thumbnail

[@Derekzparty]

800k a year, live with parents, no rent, 2015 Ford Fiesta Sounds legit

[@lambertois11]

Most people have their salary deposited in their bank account. So the bank knows your income!

[@ssl3546]

Not really, all they know is you get some money deposited. They don't know your year-end bonus or the money that gets diverted somewhere else or your tax payments. Also that's only true for your main deposit bank not any other banks you don't hold deposits with.

[@user-qq1ms5hc9o]

I pay my bills. That's all the bank needs to know. I pay my bills. That's all the bank needs to know.

[@joan-mariacbrooks]

I no longer use banking services nor do I use credit cards.

[@jillclarke7264]

If you request my information, I close my account. Bad move if your a bank, I'm retired with a secure income happy to leave these nasty banks.

[@jivefive99]

If Im borrowing money from a bank via credit cards for a time, I dont see why telling them the income (which is easily manipulated) is such a bad thing. But really, we know why they REALLY want to know ... they want to find the people in this country with real income and/or assets, and advertise to them to get them to buy loans. They dont want to waste time and money pursuing broke people who will never be able to repay anything. They want to find that "millionaire next door" who can be very elusive. How many stories have we heard about the batty cave-dweller no one has heard of who donated millions to a college right before they died?

[@leisure057blank3]

My bank is not where I have my credit card. My main cc is for Costco. I don’t want a higher credit limit or different sorts of loans,

[@lindadorman2869]

Interesting to know that providing accurate income information is not required. I would guess that it would be required in order to get a mortgage, auto or other type of loan in addition to one's credit score.

[@KhanJoltrane]

What happens if you lie about your income?

[@arsenal0095]

If later on there is an investigation, you may be charged for fraud.

[@dl1083]

@@arsenal0095 OOooh, we're so scared.

[@kenc2257]

If it's just a routine bank/credit card query, then nothing. However, if it's on an official loan application, where your signature verifies the accuracy of your financial disclosures, then you could face legal consequences.

[@angelinimartini]

I know that with Amex they could potentially take away your cards. They do assessments every so often for some people and require proof of income.

[@MF-qf7bs]

I give them the same info year after year. If I provide it at all. MYOB. Don't people know it's RUDE to ask how much money you make?

[@craigrussell2045]

The Collapse of these banks has torn into global market , I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent recession and I was wondering if such success rate could be achieved in this present market. I'm open to ideas about investing for retirement.

[@lucyAngletont]

Yes, If you go long against the market you'd make such success.

[@RandyPelletier]

I feel exceptionally lucky I started investing in my early 40s and compounded my income to create more cash flow. I opted for a more aggressive approach and so far I've made over $350k in raw profits from just q1 of 2023 from mainly blue chip stocks, precious metals, S&P500, coins and high yield dividend funds. I'm forever grateful to Trisha Jean Webb my F.A... Now house and cars all paid off and no other debt.

[@craigrussell2045]

@@RandyPelletier Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

[@StealthyDead]

Spam bot

[@puravida5683]

That's why I'm a member of Navy Federal Credit Union. And, not banks.

[@blipblop92]

I report 200k of salary to increase my credit limit 😅😅😅 even when im still a fresh out college grad making 60k

[@auro1986]

why? to sell credit cards, insurance, and if you will mortgage in future

[@kenc2257]

Our Amex account recently asked us to confirm/update our income info. Not sure why. Our Amex balance does vary a lot, especially if we're traveling overseas.

[@sstrauss6752]

I am retired and live off a fixed income (SS). The credit card issuers always ask me my annual income but I never reply. They tell me they can increase my credit limits only with current income information. I say I have enough credit and have even had my limit halved with one issuer but I never come close to topping it off so, OK.

[@bdodson5]

If my credit score has consistently been top tier for DECADES,and I've not missed a payment on any bill of any kind in...oh.... say 40+ years..... that ought to be sufficient. My credit score being elevated from 835 to 840 by telling them my income.... not worth my time and effort.

[@antoniocruz1163]

Big Brother is always watching, and wants more information on you.

[@stachowi]

Don't they see the direct deposits hit your account (if you're an employee)? Seems pretty easy to figure out.

[@AkweliParker]

Good point, but the amount could be different if you have other outflows happening before your check hits the bank: like retirement savings, HSA, etc. They usually ask for gross income, so the bank deposit might be just a fraction of total pay.

[@stachowi]

@@AkweliParker also a good point, but you can still figure it out based on time and now AI... you can see the deposit and then you can see all withdraws, so you can categorize them (e.g. mortgage, car payment, etc). Who knows, it's very creepy in general.

[@jackiechan3509]

What is charity work and what are hedge funds????//

[@Lianne459]

I have an 830 FICO score. That’s all they need to know

[@ThePeterDislikeShow]

Good luck getting an honest answer.

[@ggalloway1]

Title is misleading. This is not about your regular bank, this is about other banks you have credit cards through.

[@josephkamara1814]

Proper data collection and analysis about the state of the economy in order to understand real value of the money printed

[@chrism9017]

"it's a completely voluntary request" but then "they ... may close an account entirely if you don't provide updated information". Ohhhkay.

[@chltmdwp]

My amex always asks me to provide my salary. And I always click decline.

[@M_Ladd]

It is understandable for banks to ask for your annual income if you are applying for a loan. But, if they want to raise the limit on my credit card, then they can do so just by checking the amount of time I have been doing business with them along with always paying more than the minimum payment and never being late with a payment. Also, by checking my credit rating. All should be satisfactory info for raising my credit limit. Especially if I did not request an increase in my limit. As far as lowering my limit for not cooperating, then they will lose my business forever. There are plenty of institutions looking for your money out there to go to.

[@emmanuelfigueroa569]

The request to know more about annuties or other sources of income for the purpose of extending credit should not be requirement. Credit worthiness is a calculated as a result of consistent monthly payments made with creditors. Fico scores are then determined with this data to dertermine the credit limits increases or a set amount balances. The only time there is need for other sources of income is correct when there is a filing for Bankruptcy to dertermine how to settle the debt incurred that is owed to creditors. Or when a debtor does not want to pay their debts they often look at more sources of income to determine their actual repayment capability.

[@vaderwashere365]

Is this targeted towards certain people? We make a decent amount as a married couple and haven't had any requests from any of our banks or credit cards. We bought a home in the last 2 years (have a mortgage), but other than that, no request to update/restate our income - which has steadily increased. 3 years ago I updated our salary info on our primary credit card to increase our spending limit... still no emails/calls/messages from others. Also, Imani says that these questions are not new, but she also states that they are up 500%... so who are getting all of these requests?

[@bill33371]

It's as simple as this, the Patriot Act outlines that banks are required to Know Your Customer (KYC); therefore, the Salary question is required through that regulation. It's not just about cross selling products.

[@mohamedsaid9416]

Why didn’t the video mention it?

[@jayr6637]

You've shown ID when opening an account, so the bank already knows who you are. There is no regulation requiring you to regularly share salary info if all you have is a regular checking/savings account!

[@bill33371]

​@@mohamedsaid9416 The video probably wouldn't have been as engaging. Additionally, the interviewee covers personal finance not banking regulations and compliance.

[@u200716221]

You are right it is just a regulatory requirement. But It is not about KYC. It is the ability to pay regulation requirement in the Cards Act.

[@lights80088]

It's all about them trying to get you in more debt. THAT'S IT !

[@rickharding7209]

Yeah, at this point, the Great Banking Consolidation has begun, and were likely to see many more small banks get gobbled and folded into larger ones, and the resulting amalgamation will know more about its patrons money than they do.

[@erichearduga]

Was this about banks or credit card issuers... Because mine are not the same

[@seant.harris1672]

Hi JR@MoneyBriefingPod, I appreciate your segment on principle banking. I wasn't under the assumption, Wallstreet's Financial Reporter @Imani clarified institutional banks policies? To begin, I do believe banks have been long foreseen by traditional policy? Like personal to mortgage, she did mention a fallible accoustom banks now adopt? The idea of the American wealth system, for example, the use of credit, apposed to layoff statistics whereby business accounts are accountable for labor, as well as, building credit or wealth!

[@karlad4082]

Why do I keep getting notices from my bank about giving my signature for free life insurance? 🤔 It sounds sketchy as heck to me 🤷🏻‍♀️

[@user-cb5wc4ey4m]

Hello! I am from China and I like the program Money Briefing very much. Will you mind it if I transport the episodes to Bilibili, kind of a counterpart of KZbin in China? You know, due to lack of access, this kind of vedios can be hardly seen in China. I will provide you with the website address after my transport.

[@user-cb5wc4ey4m]

@@wisewidower6655 Yes, VPN is available here.

[@DrChubbsify]

Thumb nail is mis spelled

[@TomMcMorrow]

Was excited to update my income recently now that my girlfriend and I share a joint savings (passing the reasonable access test in my view). My credit score is maxed so any additional credit limit increases are just gravy!

[@wan3416]

Is it a joyous occasion to bless these banks with debt interest? Are you working for yourself, or are you working to keep your slavers satiated?

[@TomMcMorrow]

@@wan3416 You misunderstand friend, I have never paid a penny in interest to anybody in my life.

[@papagen00]

And how do they know if you are reporting more than what you make?

[@debscamera2572]

I'm calling BS. Credit card companies make money on fees, and when people can't pay.

[@YourMom-vl2sp]

Don't give it to them

[@gemgal711]

If you want a credit card or line ok but just to have an bank account it's none of their business.

[@salkryeful]

What? Are banks unable to add up all the deposits from work to checking accounts?

[@TheElusiveReality]

she's not quite telling the truth, having a high credit line with low utilization does not increase your credit score unless you previously had very high utilization. if your credit spending remains the same but your credit line keeps going up, your score will dip, and im speaking from experience. they are trying to incentivize you to incur more and more debt. risk assessment also is not the only or even main reason banks want personal info that they previously had no urgency in asking. banks simply asking this info is different than them literally spamming your mail with monthly letters even if you decline to share the info.

[@winstonsmith6204]

My bank plays with me . . .i move my money. Did you hear that Wells Fargo? You see what happens when you play with people's money!?

[@ayalave75]

The title seems kind of misleading to me. When i think of banks. Im thinking checking, savings, personal loans, auto, mortgage. This whole piece seems to be on credit cards and lines of credit. I still don’t understand why my bank is asking me to update my income when it’s deposited into my checking account twice a month. You would think they would have a good idea what i make and spend, as well as what i have saved in my saving account. It seems they would have a good idea of the risks associated with loaning me money. Shouldn’t this be titled “why credit card companies what you to update your income”?

[@gamingwithxan1430]

Credit card or should we call that debt card? So if i's not a debit card, it is debt card.

[@LWRC]

I tell my bank I only make $1.00 and everything else is pure profit!!!😂😂🤣🤣🤣

[@dl1083]

“Do banks need to know you income”

[@emeraldbonsai]

NO ITS VOLUNTARY AS SAID IN THE VIDEO

[@djones6211]

Been up for almost an hour with that error. Embarrassing...

[@DrChubbsify]

@@djones62115 bucks this is marketing at this point for wsj

[@angelinimartini]

😂

[@rohitrai6187]

In India, banks want to know your salary so that they can call you to offer loans

[@Matt-kt9nm]

This information is going to the irs so you can be sqeezed as hard as possible.

[@thecrippledpancake9455]

Exactly why I want to keep the bank in the dark

[@gc1172]

Public they salary of every high level executive in the bank first.

[@mohamedfarahmire1531]

alot of red flags here!!!

[@outtathyme5679]

If you have direct deposit they already know

[@davidw2739]

They have no idea how much your withholdings are.

[@Baserunner20000]

I use 3 banks for my direct deposit. One for checking, one for high yield saving account, and one for my parents to hep them with bills

[@user-tw6id8xv5m]

i used to work at a bank then i lost interest

[@yanbaihuzxzxzx]

If you report your own income, you might as well put the bar code on yourself. We live in a wild time founding fathers would be rolling right now.

[@DownhillDadMTB]

Banks know when paychecks are deposited, right? And estimate on that?

[@oleopathic]

Orwell's 1984. Big brother is watching.

[@cherylcarlson3315]

To me credit card is different from bank. Don't have credit cards and never had bank ask anything. Credit card companies arean evil to avoid

[@joeycmore]

Infomercial for corporate intrusions into privacy

[@bronzeshield6382]

I assumed the bank could see my entire bank statement

[@peachezprogramming]

Every 2 weeks a paycheck gets deposited into my bank account for the exact same amount. How tf do they not know how much money I make?

[@seth8629]

Dang I'd like some points for telling my income info

[@rcatv7750]

"They're going to want more of your business" - Correction - They want to pillage more of your hard-earned money.

[@darleneatkinson3906]

WSJ. To me nothing about continually wanting information about me get me concern because that more Info. Fraud can use against me in my life I might of watch too many scammed and fraud videos, but it is all so scary to have way too much info. about me flowing around. Does other people think this way? or is it just me?. Thanks for video.

[@Shaolin91z]

Thanks Lord for your peace Thanks Lord for your salvation Psalm 91 Psalm 95 Psalm 124

[@standtall7646]

Which bank does this lady work for?

[@karlhernandez617]

I don’t think it’s anyone’s business how much money I make

[@muhammad-bin-american]

I wonder.

[@Crokatec]

I always lie about my income so I can get higher credit lines

[@APAstronaut333]

I’ma let you finish, but Taylor Swift had one of the best albums of all time

[@The_Traveling_Clown]

If my creditcard provider gives me a hier cash-back rate than I'll give them my income information.

[@ricardokowalski1579]

3:27 "close an account entirely" sweet sweet government enforced rackets with barriers to entry and political gate keepers

[@chukim8012]

Americans nowadays are perfectly fine with Banks knowing all about them, or any government or authority knowing all about their personal lives. Thats great 🤡

[@tdgdbs1]

No, only Democrats.

[@jarrodyuki7081]

oh no!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@Steven-xf8mz]

They have a good idea, they can easily determine a good range based on paycheck deposit and annual IRS payment around April. lol. Their request for salary is also a big range, so it's seems like a lazy way of doing things where they could have done it by a good query but refused to do so. it's obviously not a big problem when sharing salary, the bank asks that information when you log in. The thing is you have to provide this information when you're looking for a loan anyway.