Get all your news in one place.
100's of premium titles.
One app.
Start reading
Daily Mirror
Daily Mirror
Business
Ruby Flanagan

'Secret databases' banks use to find information about you - and close your account

British banks have the ability to close accounts where they see fit - and it can be down to a number of reasons.

Banks are able to identify these accounts through third party databases and credit reference groups that gather information on people they suspect of illegal activities such as fraud or terrorism.

These databases monitor British customers and hand information over to banks so they can decide what to do if someone is deemed a "risk" regarding bad credit and those who could be a "risk" to the bank and its reputation.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.