Are they BU, dh, new job, bank details...

[Iwouldneverbotheryou]

DH is due to start a new job on Friday.

The employer keeps calling him asking for bank statements. They have already done necessary background checks and credit checks but every time he goes off to get a bank statement, they say they need more and ask for further back.

I've had 4 jobs, DH has had 2 before and no one else I know has ever been asked to provide bank statements...are they allowed to do this? And why would they need them?

He has provided all other info they've requested including details for them to pay his salary. I just find it all a bit strange as like I've said I've never come across this before and they keep asking for more statements.

Does he have to provide them?

I suspect they couldn't do his previous employment checks? Just a guess. I've never been asked for bank statements in a new job.

Is it a job in banking or financial services?

If so, they may be checking he has not been in serious debt or been financial irresponsible. I believe some banks bar employees from borrowing money from any other source than the bank they work for. Its to prevent employees being tempted into fraud.

They may be checking he has a clean financial history beyond what is available from normal credit checks.

Why doesn't he just ask them why they need so many bank statements?

Why on earth would they need his bank statements? I've never given anything more than my account number/sort code to an employer.

I'd refuse unless they can come up with a very good reason to need them (but I can't think of one myself)

Ask them?

Never heard of this, does he have his old wage slips? It must be for background checks and to prove his history but it seems very intrusive.

Ask them why they need them?

There are certain jobs where being in severe debt can make you a security risk, so that may be what they are checking for. Is he going for a job where he could be at risk of blackmail, such as working in a prison, or a bank?

What would bank statements tell them that's not available from a credit check?

Is there any type of spending that is not allowed in the new job (gambling etc)? Could they be looking at the statements to check for evidence of that?

Surely they should give a reason?

The job is for a credit card company and he is going to be mainly debt collecting.

I still don't see why they would need them. He's provided wage slips from his previous employment and they have done checks, found nothing, seen statements and demanded more :s

It does seem intrusive to me too. My dm did the same job for years when I was a kid and she was never asked for statements.

Anything they need he's provided, wage slips, acc details etc it's like they're just being a bit nosy now.

He's asked, they didn't have a reason just a "you won't be able to start on friday without providing them"

It's possibly a non issue but just doesn't feel right

I think that's just the way it is in financial services jobs.

It's pretty obvious given who the employer is why they need them! I think it is a legal requirement for them to carry out these checks in order to keep their licences.

Is a credit card company. They are checking his financial history as I said above. It is part of their system to prevent employees being blackmailed or tempted into fraud or theft.

It is as simple as that. They won't tell him because they don't want to divulge the checks and risk management systems they are using.

How far back are they going?

They can check credit history/account performance/debt levels by carrying out a credit check. The only thing extra that statements indicate is what the person is buying.

I understand that they need to credit check him, but not the reason for viewing actual statements.

It's really not that normal in financial services- I've worked for several big FS companies including in debt collection and this wasn't done at any. And that's included working in an enhanced screening role with full criminal records check as well as credit referencing and employment and education history checks

Why doesn't he hit ask them how far back they need.

I applied for a job with first direct they also did full back ground checks and bank statement lot. I ended up not giving them as I decided I didn't want the job for other reasons.

They do far more checks on people now. It's not the same as it was when your mother did it.

Bank statements will prove that he was in receipt of a salary from his last employer. They are probably just being rubbish at confirming his employment and this company want your DH in the door as quickly as possible.

It's quite standard also for any background checking in financial services, which a credit card company obviously is.

www.directlinegroupcareers.com/DLG/media/downloads/Direct-Line-Group-Careers-Background-Checks-v7.pdf

The other reason could be who you actually bank with.
If you hold a bank account or any other form of credit with a company that does not subscribe to this external credit reference agency, you will be asked to supply alternative evidence of your financial status e.g. last 3 month's bank statements.
www.wearesantander.co.uk/references-and-checks

Evidence of salary, fair enough. I suppose they might also be looking for evidence of other sources of income?

Although if he was up to no good (bribery, money laundering etc) surely he wouldn't use his main bank account?

Financial Services is highly regulated and they are legally required to carry out certain checks when you join the company. I can't remember what they are though as I have been at my current employer for six years.

This sounds weird to me.

He should just ask how far back they need statements. If they can't say but just say they need more, that would indicate to me that they're fishing for something.

He should ask the reason again. If he gets another "you won't be able to start on friday without providing them" he should keep asking. 'No, I'd like to know why I need them please.' Repeat as needed.

Although I am in insurance, not Credit Cards so the rules may vary.

I completely understand why certain checks in certain jobs are necessary. I have worked in financial services and never been asked for statements.

They keep saying another month, then they want another, no straight answer as to how far back.

Anything they need to know I think they've seen. This is why it seems off. Totally get why it's necessary, just not in this case and the lack of straight answers etc just seems to be messing him about a bit.

We have no issue providing the info if they need it. We have issue with not being told why, when it's not something we've come across before and they keep wanting more

I have to provide an annual asset list, bank statements and sign various conduct statements. Every year. I am in financial services, I deal with clients money, my finances need to be in good order. Totally normal.

Because they are investigating.

Yup normal in financial services. I have to disclose all investments and am minted where I can have bank accounts with over drafts, mortgage etc