cancel
Showing results for 
Search instead for 
Did you mean: 

Amex asking for access to your bank accounts?

Established Contributor

Re: Amex asking for access to your bank accounts?

If this is something that has been going on for a good chunk of this past year, then I agree that it must be for people who are VERY borderline, as I think I was borderline when I was approved last month for HH and DG cards with an Experian pull of 627. I have a decently thick file with store and major cards, AoOA 12 years, AAoA 3 years 10 months, but my score had to be on the cusp, yet I got in with no request for bank access. Seems that if it’s for approval reasons, it may take a combo of more than one of thin file, low score, BK history, and numerous baddies.
Rebuild commenced 5/2018

AmEx Delta Skymiles Gold | AmEx Hilton Honors | Discover IT | Target | VS | Home Depot | CapOne QuickSilver | Wayfair | Kohl’s | Indigo Plat (RIP 2/2019 before AF comes due)



Message 21 of 28
Established Contributor

Re: Amex asking for access to your bank accounts?

The sender of that pic posted on the comments section....

It was “her” friend who got that pop-up for writing-in $800K income on the Biz Gold app! Obviously Amex found it unbelievable hence, the pop-up!

 

See pic below...

 

 

5E604F45-F873-401C-9CE0-8509EF763C5B.png

 

BK7 dc in 01/2011 with FICO8 in the 500s




UTIL 1% - 3%
HPs EX 4 EQ 4 TU 2
AAoA 5y2m






$150K+ Total Limits
Message 22 of 28
Community Leader
Valued Contributor

Re: Amex asking for access to your bank accounts?


@JR_TX wrote:

The sender of that pic posted on the comments section....

It was “her” friend who got that pop-up for writing-in $800K income on the Biz Gold app! Obviously Amex found it unbelievable hence, the pop-up!

 

See pic below...

 

 

5E604F45-F873-401C-9CE0-8509EF763C5B.png

 


 

 

Scrolling...it's a beautiful thing 

Message 23 of 28
Super Contributor

Re: Amex asking for access to your bank accounts?

That’s awesome Smiley Happy
Lie about your situation then realize it may not work out well.

And people wonder why banks do identity confirmations and manual reviews.
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812

Delta Reserve and CSP Jan 2018, no more 5/24 worries... unless new Chase Marriott/SPG replacement is enticing...meh, turns out not. [unless a 100k points SPG Luxury Upgrade appears... well lookie here...]
Message 24 of 28
Community Leader
Senior Contributor

Re: Amex asking for access to your bank accounts?


@Irish80 wrote:

This is not new.  As has been updated in the DOC notes to the article, other readers have commented that this has been going on for at least 6 months.  I highly doubt that this is widespread as Amex isn’t so stupid to think most applicants are going to give them permission to continually look at their bank accounts.  My guess is that this only occurs when they have questions about the applicants income level or some other aspect of their credit file that makes them question the application.  Let’s not all get in an uproar over this.  If it were happening on a regular basis we would have had one of the many Amex new card holders on this forum state that this request appeared on their application.  Another reason not to jump on every bit of info that DoC or any other blogger puts on their website.  Sometimes in their zeal to be first, they jump the gun and before you can go ‘poof’, half the internet is convinced the credit world is coming to an end.  I very much like the work that DoC does but that doesn’t mean that everything he prints is 100% correct.


+1.  Nailed it!  My thoughts are similar to that of your own @Irish80.  If this was such a big deal, and with uptick in apps for the revamped Amex Gold, there would have certainly been chatter on this here forum.  Until today this was the first time I've read of such here...and for that reason alone I understand this to be an extremely isolated request; a non-issue for the vast majority.

Message 25 of 28
Valued Contributor

Re: Amex asking for access to your bank accounts?

I had something fairly similar happen to me when I opened a High Yield Savings Account through American Express National Bank which is a different subsidiary from their credit cards.  I recounted the incident in this post so its definitely not new.





Message 26 of 28
Valued Contributor

Re: Amex asking for access to your bank accounts?


@red259 wrote:

I haven't had this happen to me and there is no way I am going to ever give Amex ongoing access to the contents of my bank accounts. Anyone had this happen to them during an app? https://www.doctorofcredit.com/american-express-requesting-bank-account-access-during-credit-card-ap...


hmm, let me think about this for a split sec....okay, long enough....how about NEVER! Smiley Mad

                                 

Total Credit: $218,900Credit Utilization: 1%AAoA: 5 years, 5 monthsInstallments: Car Lease, Marcus LoanNegatives: 0


                                                                                              
                      DSC-27.1K | NFC-25K | ALI-25k | WAL-10k | BoA-22k | BB-12k | NFL-15k | LOW-35k | AMX-19.3k | CHA-10k | PF-8.8k | C-DC-9.7k
Message 27 of 28
Valued Member

Re: Amex asking for access to your bank accounts?

I would actually be totally ok with this, and think it would really help me.  I have 200k+ in my bank accounts.  Maybe they would say "screw the score" for a freaking change lol. 


@RonM21 wrote:

@red259 wrote:

I haven't had this happen to me and there is no way I am going to ever give Amex ongoing access to the contents of my bank accounts. Anyone had this happen to them during an app? https://www.doctorofcredit.com/american-express-requesting-bank-account-access-during-credit-card-ap...


hmm, let me think about this for a split sec....okay, long enough....how about NEVER! Smiley Mad


 

Dec-2018 EQ-714 TU-688 EX-695
UTIL: 2%
BK: 2013 Rebuilding after BK, 11 Revolving CC's (18k total credit), 1 car lease w/ 1 payment left, getting ready to buy a house GOAL: 725+
Message 28 of 28