Whenever I apply for either savings accounts, debit cards, or credit cards, this seems like a staple question for all banks.

Why are they asking if you have accounts in other banks? How do they gain from that?

Edit :

Countries I have personally experienced that ask this : Australia, Philippines

  • 5
    What country is this? I haven't had this question pop up when I opened bank accounts in the U.S.
    – Noah
    Aug 28, 2014 at 15:21
  • @Noah, I added the countries I know that do this.
    – Zaenille
    Aug 28, 2014 at 23:57

1 Answer 1


Applying for credit, they want to know what your resources are as part of judging your creditworthiness.

I've never seen the question asked for checking accounts. Best guess I've got is that this is pure marketing rather than anything related to the account application itself -- they want to know whether it's worth trying to convince you to consolidate all your accounts into their bank.

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