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Credit card app. - "anti money laundering"

  • 28-10-2004 3:17pm
    #1
    gs39t
    Registered Users, Registered Users 2 Posts: 691 ✭✭✭


    I applied for a credit card today online with mbna, and at the end it told me to send or fax my bank statement for the last 3 months to them. According to the page its some anti money laundering thing to prove your address. I just wanted to check that this is common practice, and are there any risks in faxing you bank statement, ie would there be any details on the bank statement that could be used if it fell into the wrong hands, etc?

    Kind of ironic question i know, since i just applied ONLINE :confused:


Comments

  • #2
    Borzoi
    Registered Users, Registered Users 2 Posts: 2,876 ✭✭✭Borzoi


    Pretty much a standard procedure - different banks/ cc companies have different methods of verifying that:
    1) You exist
    2) you ar ewho you say you are
    This applies to all aplications, whether by post, phone or online.


  • #3
    Dingatron
    Registered Users, Registered Users 2 Posts: 2,694 ✭✭✭Dingatron


    Standard procedure. I applied online for an MBNA card a few months ago and they requested this information. I never got around to sending it in but recieved my card and cheque book in the post withen 2 weeks. Ah I thought. I bet they won't let me activate it? Wrong again. Never sent the info and still got the card with a huge credit limit. Very trusting of them. ;-)


  • #4
    eth0_
    Registered Users, Registered Users 2 Posts: 10,846 ✭✭✭✭eth0_


    Once you have the card you can use it, don't think they can turn around and request the bank statements now


  • #5
    Dingatron
    Registered Users, Registered Users 2 Posts: 2,694 ✭✭✭Dingatron


    Not that worried if they did. I just thought it was strange that they weren't following the new procedures that have been brought in.


  • #6
    nlgbbbblth
    Closed Accounts Posts: 5,668 ✭✭✭nlgbbbblth


    gs39t wrote:
    I applied for a credit card today online with mbna, and at the end it told me to send or fax my bank statement for the last 3 months to them. According to the page its some anti money laundering thing to prove your address. I just wanted to check that this is common practice, and are there any risks in faxing you bank statement, ie would there be any details on the bank statement that could be used if it fell into the wrong hands, etc?

    Kind of ironic question i know, since i just applied ONLINE :confused:

    would have thought it was requested so that they could see how you ran your Bank account - i.e. they would look at credit turnover, unpaid items if any etc


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