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Original poster

Nationwide bank suddenly requiring job title and salary etc on app?? Needs info before Jan 25?

185 replies

OctaveoOctober · 18/10/2024 21:58

Has anyone else had this? In finding it exceeding intrusive??

OP posts:
DreamW3aver · 19/10/2024 07:41

Nasyan · 19/10/2024 07:39

I hope retired is on that occupation list as that is one of Nationwide's main customers

I'm going to hazard a guess that banks are aware of the retired and unemployed 😁

Nasyan · 19/10/2024 07:39

I hope retired is on that occupation list as that is one of Nationwide's main customers

purplebeansprouts · 19/10/2024 07:36

OctaveoOctober · 19/10/2024 07:32

@purplebeansprouts

Don't they already have this info by seeing my salary each month with my employers name attached?

Can't they see my info already and my statement?

No. Your employer might be some random little company with a name that gives no clue to your profession. You could work for a fancy pants tech company but be a cleaner on a low wage or the CEO and be on a high wage. They don't actually care unless you're politically exposed or a high risk profession like "hand car wash owner"

DreamW3aver · 19/10/2024 07:36

OctaveoOctober · 19/10/2024 07:32

@purplebeansprouts

Don't they already have this info by seeing my salary each month with my employers name attached?

Can't they see my info already and my statement?

Maybe in your case they could write some kind of programme to extract the information but they can't do that for each individual account holder so they have to ask generic questions.

It's not a requirement to have a salary incoming to have a bank account

WhitegreeNcandle · 19/10/2024 07:35

Now this pees me off immensely. I do get the need for it but my other bank made it so ridiculously hard. We had a family business account with them and trying to get my 85 year old parents to identify on an app on a phone they didn’t have. We literally couldn’t go into the bank they have used for 85 years with a passport to see a person. Ridiculous.

if they want to stop money laundering they’d be better off standing outside the 20 pudding parlors and 20 vape shops that stand empty on our high street but seem to be able to pay business rates and wages of numerous staff.

LlynTegid · 19/10/2024 07:34

Nasyan · 19/10/2024 07:22

But the launderers will carry on laundering as they will find ways round

Show quote history

I agree about the lack of action in other areas about money laundering. Does not mean any other action should be stopped.

If certain vapes are banned and children effectively stopped getting access easily, money launderers will be trying other new ways, I expect.

Original poster
OctaveoOctober · 19/10/2024 07:32

@purplebeansprouts

Don't they already have this info by seeing my salary each month with my employers name attached?

Can't they see my info already and my statement?

OP posts:
mummatoI · 19/10/2024 07:31

It's a new industry standard regulation that all financial institutions have to ask and hold the information about thier customers. It's not something nationwide has decided to ask. Everyone should be asking, they may just be asking in different ways!

purplebeansprouts · 19/10/2024 07:30

Nasyan · 19/10/2024 07:22

But the launderers will carry on laundering as they will find ways round

Show quote history

Oh OK well we might as well not bother then....

DreamW3aver · 19/10/2024 07:29

SophiaJ8 · 18/10/2024 22:03

Do you have credit cards with them?

They are checking you still meet the affordability checks.

I don't think it's that, I've had to do it for a different bank and I don't have a credit card with them

RampantIvy · 19/10/2024 07:22

My bank knows how much I earn. My salary goes in every month.

Nasyan · 19/10/2024 07:22

purplebeansprouts · 19/10/2024 07:18

It's almost like some people don't want financial crime to be tackled.

But the launderers will carry on laundering as they will find ways round

bergamotorange · 19/10/2024 07:21

Nasyan · 19/10/2024 06:37

This type of stuff generally makes it much more onerous for Joe Public but the money launderers just carry on laundering.

This.

Banks are trying to pass the burdens to customers.

bergamotorange · 19/10/2024 07:19

Nasyan · 18/10/2024 22:14

Is it something to do with banks having to pay up to £85k for fraud within 5 days which is a recent thing

The banks have been allowed to REDUCE the amount they have to pay in fraud cases.

Not good for customers.

purplebeansprouts · 19/10/2024 07:18

It's almost like some people don't want financial crime to be tackled.

purplebeansprouts · 19/10/2024 07:17

OctaveoOctober · 19/10/2024 07:06

Unfortunately there is a drop down list, I've not filled it out so I will see if urban shepherd is on there.

I don't hold much money with them, my salary goes in, which is not large by any means.

That's the point. If you suddenly put £10,000 in weekly it will flag on their system

CaptainMyCaptain · 19/10/2024 07:10

I keep getting this and so far I have refused which means I cant pay the window cleaner but little else. It's a joint account with my husband and I transfer a set amount each month. My own accounts are with a different bank and they have no need to know my income.

Lengokengo · 19/10/2024 07:09

As others have said, it is related to very important anti money laundrymeasures. It’s part of the banks responsibility to show that they know and understand their clients and could identify ‘odd’ transactions that don’t fit a normal pattern in order to help stop organised crime.

You make more bother for yourself and the bank by not answering the questions. All that they want from you is the minimum to establish that you aren’t running some drug cartel / crime ring. If they can’t do this they may have to cease having you as a customer. You will then have to answer the same questions from the next bank, who have the same rules.

Original poster
OctaveoOctober · 19/10/2024 07:06

Unfortunately there is a drop down list, I've not filled it out so I will see if urban shepherd is on there.

I don't hold much money with them, my salary goes in, which is not large by any means.

OP posts:
Glittertwins · 19/10/2024 07:05

I just logged into my account and haven't been asked anything at all. I don't really use it much, it has the child benefit passing through and the DCs savings but that's all.

Bjorkdidit · 19/10/2024 06:46

Job title might not tell them very much. If its from a drop down list, my actual job title is never there (eg when buying insurance) so I have to say I'm a civil servant, which is also true, but civil servants earn from under £20k if part time admin to ten times that amount for senior management and everything in between.

They'll have fun with DP too as he's self employed and his money comes in dribs and drabs and could be anything from about £150 to about £10k depending on the size of the job.

grannycake · 19/10/2024 06:39

I have a stocks and shares ISA with Vanguard and they have emailed this morning to say this info will be required when I next log in

Nasyan · 19/10/2024 06:37

This type of stuff generally makes it much more onerous for Joe Public but the money launderers just carry on laundering.

LlynTegid · 19/10/2024 06:33

Crucible · 19/10/2024 00:16

Can you not put something like Urban Shepherd or The Electress of Hanover?

The Electress of Hanover I assume is Queen Camilla nowadays?

purplebeansprouts · 19/10/2024 06:31

Is an anti money laundering thing. Everyone's going to be asking for it.

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