YOUR BANK ACCOUNT PRIVACY QUESTIONS

by Phillpots Thu Jun 07, 2018 5:30 pm

Can I ask my bank's privacy team that I need to be informed of a third party request to access my bank accout i.e. .gov, debt collection agencies etc? If you know the answer then please help as I regard this accessing without prior knowledge as wrong? What would be the best option to proceed? My bank has given me two choices. Shut the f**k up or close your account, .gov etc can and will access your account - because we will let them, it's the law. WTF.

I was thinking of writing back to privacy team to tell them I wish to be informed first of any attempt to access my account and as far as I am concerned they should not allow access before I am notified. What do you reckon?

by **daveiron** Thu Jun 07, 2018 5:37 pm

Hi Phillpots,

Why not give it a try ,I think we both know what the reply will be. I also was given the same choices.
I assume all the banks did the same.

by Phillpots Thu Jun 07, 2018 5:48 pm

Here is where I would like to get some more info into how to possibly word this. I suppose I could ask under what authority would they not allow me to know first before access to my account is allowed so on and so forth.

Cheers daveiron

by **daveiron** Thu Jun 07, 2018 6:16 pm

Off the top of my head I think I would try something along these lines.

"With reference to the recent changes introduced to personal accounts,could you please supply information regarding what types of organisations will be given access to my personal data. Also what aspects of my data will be shared ?"

You could also if you wish ask " Does the Bank levy a charge for the information they supply ? If yes ,as it is my personal data that is supplied will the bank pass on to me a remuneration for the information sold ?

by Phillpots Thu Jun 07, 2018 6:27 pm

Cheers daveiron

The first I think all banks openly give the information via their websites (policy).

The second what types is good and the third is very interesting.

by Phillpots Fri Jun 08, 2018 6:38 pm

Last year I asked my bank manager and others in the bank on several occasions throughout the year, 'can government access my account?' NO was the reply. I thought nothing else of it. Now I see the policy pages for real for the first time and it clearly states .gov can. Prior to 25 May was this the case? I don't know I only looked at the privacy page of my bank yesterday and I'm sure it is the same for all the rest - they can access and your bank will provide them with the information and give cash out of your account - no questions asked. Not a happy chappy about this. I am already in a six month dispute with .gov for the second year running.

As far as I am concerned I need to be informed first if .gov etc want info out of my account so I can respond to both the bank and .gov. I would have thought this would be the logical way to follow this through. But apparently not.

by **daveiron** Fri Jun 08, 2018 6:49 pm

I guess one answer is to keep only the bear minimum in your account just for day to day living, If you have savings why not put them into something physical ,maybe gold it can be bought in very small amounts if required .Other metals carry VAT gold does not.

by Phillpots Fri Jun 08, 2018 7:25 pm

Absolutely daveiron I do do that. However I'm trying to figure out a way to tell my bank this is what I want you to do - tell me first before my account is accessed. If this is impossible then no wonder .gov and the banks can and do control us. What could I say to my bank to put pressure on them? Trying to figure this out. To me the subject is quite important.

by **daveiron** Fri Jun 08, 2018 7:36 pm

I totally get where you are coming from .Maybe get hold of the legislation ,you never know you may find something there.

by Phillpots Fri Jun 08, 2018 8:25 pm

That's what I was thinking - perhaps ask first what the banks base their privacy on regarding legislation.

by Ausk Wed Jun 13, 2018 9:02 am

Phillpots wrote:Here is where I would like to get some more info into how to possibly word this. I suppose I could ask under what authority would they not allow me to know first before access to my account is allowed so on and so forth.

Cheers daveiron

I would be inclined to ask them to explain to me how are they going to ensure my privacy if the banks right to demand access to my account is superior to my privacy.

I would also ask them to please explain to me how the bank will meet its legal obligations to my my privacy and my account. Researching and listing some of the laws the bank is required to comply with would enable me to ask them what actions they will taken to ensure they complied with

Section A of xyz Act
Section b of ABC act
etc.

Not only would this put pressure on the bank it would send them a message that I know what laws they are obligated to comply with.

In the meantime I would learn a fair bit myself about the laws that are supposed to protect my privacy and would then in turn, know my rights in relation to privacy of my bank account next time I had a problem.

by Phillpots Fri Jun 15, 2018 4:45 pm

Thanks Ausk. I will put together something for them.

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