Is It Normal To Ask For .....?
Question for the more experienced out there. Is it normal for a broker to ask you for your bank and bank account number when applying for a loan? I am shopping for a commercial loan with a broker (who as usual promises everything under the sun) and they want my bank account numbers. I find that a little strange because I feel that should be sensitive information. Am I just being paranoid?
In the past (with residential properties), I have simply given my other broker statements that show only the last four digits of the account number so I was a bit surprised at the request. Your thoughts please.
Thanks,
JS.
Anyone?????
I have been under the impression that they can ask for the numbers but that it is to your discretion as to whether you actually give them out.
[ Edited by Money4RE on Date 08/24/2005 ]