Can/Would Bank give out your overseas address to another bank?

[skyluke82]

Hi there,

 

I had posted a thread a few months ago here and received some very valuable feedback. As a follow up I would like to find out if someone has any idea, whether one bank (HSBC) can/would give out your current contact details to another bank (Natwest). I think this would improbable as they competitors (in some weird sense of the term anyway) however I'd like to make sure.

 

Thanks for reading!

[dpick]

I think this would depend on terms and conditions you agreed to with Creditor.

 

dpick

[skyluke82]

thanks for your reply dpick. Appreciate it. Looking at the terms and conditions below for the account I hold with them (online bonus saver) as I understand it the answer is yes, they could easily give out your details to debt collectors for example, or to a credit reference agency who could then pass on that info themselves. Please correct me if I'm wrong.

 

28.2. Confidentiality

Information we hold about you will not be disclosed to anyone

(including other members of the HSBC Group), other than where:

• we are legally required to disclose,

• we have a public duty to disclose,

• our interests require disclosure,

• the disclosure is made with your consent,

• as set out in the terms below.

28.3. Credit reference agencies

28.3.1. Information held by credit reference agencies is used by

lenders to help verify the identity of customers and, where they wish

to obtain credit, to assess their ability to meet financial commitments.

This enables accounts to be opened more quickly and reduces the

need to obtain references from employers or other financial services

providers.

28.3.2. When considering applications, we will share information

about you with credit reference agencies who, where appropriate,

will supply us with information from the Electoral Register to verify

your identity. Credit reference agencies record whether or not your

application is for credit even if you do not proceed.

28.4. Crime Prevention and Debt Recovery

28.4.1. To prevent crime, to verify your identity and to recover debt,

we may exchange information (both within the UK and, where

appropriate, overseas) with other members of the HSBC Group and,

where appropriate, with fraud prevention and debt recovery agencies

and other organisations including other lenders.

28.4.2. If you give us false or inaccurate information and fraud is

identified, details will be passed to fraud prevention agencies to

prevent fraud and money laundering.