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Do bnks hv info like credit reporting-telecheck? & can find out about yurother accts?

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bkidic

Junior Member
Do bnks hv info like credit reporting-telecheck? & can find out about yurother accts?

What is the name of your state (only U.S. law)? IL

background - stae of IL . defaulted on a checking over draft at a bank X ( about $2.1k), and I wanted to know if I opened up another bank account at another bank Y whether the bank X can find out that a) I am opening up another account and b) can the bank X find out the value of the savings / checking acct at the other bank Y - sort of like a credit report reports the value of the credit, the balance and amount owed. I know banks have something called telecheck (if this is the name) which I read is like a credit reporting agency but for banks, and I wondered if this telecheck agency give asset amts or even whether I have other accounts at other banks.
 


PayrollHRGuy

Senior Member
Bank Y can find out you defaulted at Bank X.

Bank X can find out lots of things if they sue you. Bank X can't get your money from Bank Y without a judgment and an order from the court that they have sued you in.

Telecheck will not report to X what you have in Y.
 

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