From: Jon Green 
Newsgroups: uk.finance
Subject: Re: Opening an Abbey savings account
Date: Sun, 05 Dec 2004 21:02:08 GMT

Ronald Raygun  wrote:

> > Abbey, like any other lender or account provider, will check the
> > applicant's details with a credit reference agency.  If there's a
> > significant disparity, to the point of making the application seem
> > clearly and deliberately false, at best they'll refuse it; it could be
> > far worse.
> 
> What right have they to run a credit check?

As I understand it, they now have to verify ID (money laundering regs)
before opening an account, and the usual way to do that is to check a
credit record.  And that's a right *any* financial institution has.  

In any case, it's prudent: if the person has a criminal record for
fraud-related offences, they may not fall into the bank's preferred
client category. ;)

You might want to check out


Jon
-- 
SPAM BLOCK IN USE! Replace 'deadspam' with 'green-lines' to reply in email.