Comment by kasey_junk
1 year ago
Banks can only share sars in very limited circumstances. If you went to another bank they, in almost every case, would not know that your previous bank filed a sar.
1 year ago
Banks can only share sars in very limited circumstances. If you went to another bank they, in almost every case, would not know that your previous bank filed a sar.
The bank will however ask why you are switching to them and telling “my account was closed without explanation“ will make them think twice
We don’t need to invent a mechanism for banks to share bad customer data between each other. There is a whole ecosystem like credit bureaus for bank accounts.
But sars being secret has nothing to do with that.