Why Banks Want to Know Your Salary So Badly | WSJ Your Money Briefing

1 year ago
5
your money briefing spouse income investment income why banks want to know salary child support payments do banks know my income bank accounts direct deposits credit card spending income credit reporting agency

Banks are sending out more requests to customers for their annual salary information.

WSJ personal-finance reporter Imani Moise joins host J.R. Whalen to discuss why, and whether customers are obligated to reveal their earnings.

0:00 Do banks know your annual income?
1:35 Requests for salary info
2:59 Do you have to share your earnings?
3:40 Risks for bank customers
5:35 Giving out personal information

Your Money Briefing
WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.

Loading comments...