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Zaenille
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Why do banks ask if you have accounts with other banks?

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

Zaenille
  • 4.3k
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  • 30
  • 37