Bank of America, USAA and Early Warning

[Anonymous]

I had no idea that they did this.  I find this appalling.  Of course my bank has to be on that list so it may be time for me to do some searching for other less intrusive options.

[Anonymous]

@Asgardian

Thank you so much for starting this thread!

As a 25 yr veteran, I'm absolutely appalled that both

USAA and Navy Federal subscribe to this service.

What's the point of "serving those who serve" with

one hand, while reporting all of their transactions

without their expressed permission with the other?

The upside is that I see Pen Fed is not on the list.

I'm 8 months away from my BK13 discharge, and I'm

sad to admit that I burned Navy Fed for about 13k.

But now that I know they report to EWS, I won't be

making any attempts to rekindle my relationship with

them. Pen Fed and other CU's will be getting my business.

Thanks again for the heads up. This is incredibly valuable info!

[Anonymous]

@AllThingsInTime: 

You're welcome. I'm also a member of NFCU and like you, I'm also appalled. It's one thing for Bank of America and Wells Fargo to do this kind of crap but NFCU? Unbelievable. 

[DaveInAZ]

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@Anonymous wrote:

@Anonymous: 

You're welcome. I'm also a member of NFCU and like you, I'm also appalled. It's one thing for Bank of America and Wells Fargo to do this kind of crap but NFCU? Unbelievable. 

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Just to clarify, in your OP you said that BoA was reporting month end balances and ACH transfers w/account numbers of external banks, and "Same for USAA, PNC, Chase and Capital One bank". Is Navy Federal reporting the same level of detail?

EDIT: I just called and requested a copy of my EWS report: 1.800.745.1560

It was pretty straight forward: Name, Social #, DoB, Address. Final verification was telling them my Drivers License #. Rep offered to mail or email, I asked if sent by email would it be password protected, was assured it would be encrypted so I oped for email. Rep said it could take up to 15 days to generate. I've never had any banking problems, but I currently have a Chase checking & Discover Savings and within the past few years I've had a BoA & U.S. Bank checking  and Cap One 360 Money Market, so interested in seeing the level of detail reported.

[Anonymous]

I just opened my acount with NFCU so it wasn't on my report. Others pointed out that NFCU uses Early Warning. I wasn't aware of that fact until now. 

[vV35Hszm]

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@Anonymous

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USAA is a credit union and they report to EWS. 

FYI... USAA is a "Federal Savings Bank".

https://en.wikipedia.org/wiki/USAA

[Anonymous]

That amount of info should not be legal. That's just insane. I see Discover is on that list from Doctor's of Credit. I use them as my main savings account. But now I'm not too sure. I use to have Chase and BoA. Have a Cap 360 open that's probably reporting a $0 balance the last few months lol

[Jnbmom]

Looks like Navy is on there

[Anonymous]

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@Anonymous wrote:

I was researching BOA credit cards and came across Early Warning, which is a financial credit bureau of sorts. I ordered my report and holy smokes. BOA reports each month the balance in my checking and savings accounts, all my ACH's, including account numbers at other banks, amount of payments, etc. All the data since I opened my account YEARS ago. It's like a running tab of my checking account activity. Same for USAA, PNC, Chase and Capital One bank. I had no idea this type of data was being shared. 

Others may have heard of this but I'm shocked. Not all banks report to this service. I'm going to find one that doesn't. 

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Oh ... my,  you "knocked my sox off" and left me in shock What do you do for a day brightner? Now I am depressed. What if Early Warning gets hacked? Why are we not entitled to some privacy? This requires some soul searching! Who to bank with?! Thanks for bringing this very significant matter to light ... suspect many of us were in the dark before?! As a follow on this ... ordered up my Early Warning report to see if I should go "dark" ...

[vV35Hszm]

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@Anonymous wrote:

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@Anonymous wrote:

I was researching BOA credit cards and came across Early Warning, which is a financial credit bureau of sorts. I ordered my report and holy smokes. BOA reports each month the balance in my checking and savings accounts, all my ACH's, including account numbers at other banks, amount of payments, etc. All the data since I opened my account YEARS ago. It's like a running tab of my checking account activity. Same for USAA, PNC, Chase and Capital One bank. I had no idea this type of data was being shared. 

Others may have heard of this but I'm shocked. Not all banks report to this service. I'm going to find one that doesn't. 

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Oh ... my,  you "knocked my sox off" and left me in shock What do you do for a day brightner? Now I am depressed. What if Early Warning gets hacked? Why are we not entitled to some privacy? This requires some soul searching! Who to bank with?! Thanks for bringing this very significant matter to light ... suspect many of us were in the dark before?!

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Funny you mentioned this... Early Warning has had major security issues recently.  Just a couple weeks ago I got hundreds of emails from them like the one below.  Note this was not addressed to me, this is NOT my name... they exposed thousands of names.  They're really a mess.

alex.babjak@yahoo.com via Early Warning <transferportal@earlywarning.com>

Jun 3

New Package Notification

A new package has been uploaded for you.

Subject: Dispute ID 568294

Please click the following URL and enter your username/password to view this package over a secure connection. After viewing this package, you may also download any associated attachments or compose a reply within your web browser.


Our secure communication portal is solely for sending/receiving documents, with sensitive personal information, to Early Warning Consumer Services. The portal is not monitored for questions/comments. If you have a question/comment about your consumer report, please call us at 1.800.325.7775. You should recieve your consumer report 15 calendar days from the date of your request.

Exceptions: 
4 business days, Rhode Island
5 business days, California, Connecticut, Louisiana
Promptly: Maine

 https://consumerservices.earlywarning.com/human.aspx?OrgID=4152&Arg12=message&Arg06=485258499&Arg08=ivc34ekxdv7ulwsu 

Regards,
Early Warning