I'm working with an S&L that I never did business with before. Very easy online application process. I had to submit W-2 and Income documentation, but no bank account info. I did see where I have granted them permission to verify bank account info, but can they actually do that? Does this info get reported to credit bureaus? Do they just want to verify the accounts exist or do they get balance info? I never really thought about this before and "I think" I recall sending bank statements in the past.
with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.