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Nairaland Forum / Nairaland / General / Career / Is There A Reason As To Why A Bank Should Ask This Question? (34874 Views)
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Re: Is There A Reason As To Why A Bank Should Ask This Question? by Comedian2019: 5:37am On Nov 04, 2021 |
Mayour11:So after knowing my house and how much I have in my account, I will quietly move to another house far away to avoid kidnappers coming later at night. Nigeria don cast already. I can't afford to take chances. |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by fydence: 5:41am On Nov 04, 2021 |
Nothingserious: Best Answer. |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by BluntCrazeMan: 5:46am On Nov 04, 2021 |
DamianX:After you finish filling the form, the bank would then send someone else from another branch to come for visitation. And the aim of the visitation is just to verify and confirm that what you gave them at first was the correct address, and that you live there for real. Then, the visiting staff may add more information to the report he would submit. 1 Like |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by bibiking7(m): 5:54am On Nov 04, 2021 |
When I was trying to open an account recently. They said that the question about my address replaces utility bills. So rather ask me to provide a utility bill. They ask where my house is and visit. 1 Like |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by caesymore(m): 5:56am On Nov 04, 2021 |
DamianX: depending on the account you are to open, Banks comes to your house most times checking the details you've given. |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by Mikey4: 5:59am On Nov 04, 2021 |
SILVERLINES: |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by jattopeter(m): 6:31am On Nov 04, 2021 |
ramaju:You must be a fellow banker , to might have understand. |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by Abdul4trust1(m): 6:32am On Nov 04, 2021 |
DamianX:It is called kyc, know your customer. Customer screening was being carrying out by the bank official. |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by Simpubozz(m): 6:33am On Nov 04, 2021 |
DoggoneDogg:Blunt and direct |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by freeman67: 6:48am On Nov 04, 2021 |
DamianX: It is part of KYC. Some banks have agents they send to verify your address. Others will rely on just your description if okay with the address. In fact my the Stanbic IBTC staff that opened my account back then followed me home to verify my address. 1 Like |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by unmask: 6:50am On Nov 04, 2021 |
ramaju:lol bankers are too lazy? Anyways, the description you give is so that the contractor tasked with Identifying your house is able to locate it, and is also able to verify that you stay there. It is a regulatory requirement and banks don't joke with regulators |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by dazzlingd(m): 6:50am On Nov 04, 2021 |
DoggoneDogg: People like you ehn, are ready to die to win an argument but zero knowledge. Oga, it is a regulatory requirement for banks to know where u stay before opening an account for you. Stop baseless argument 1 Like 1 Share |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by unmask: 6:52am On Nov 04, 2021 |
DoggoneDogg:wrong. If a bank account is flagged for fraudulent activities, regulatory bodies will demand all these info and if the banks can't produce them, they will be culpable |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by Christmasdon(m): 6:53am On Nov 04, 2021 |
IT IS NORMAL. |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by dazzlingd(m): 6:54am On Nov 04, 2021 |
DoggoneDogg: You did not dash them your money, they are providing you a financial service and that's a contract involved. So they have every right to know who they re engaging in business with. When a random peron come to you to help them keep a valuable item, would u just collect without knowing who the person is? It is people like you that will say nigeria does not have a proper record and data base to trace criminals and terrorism financiers yet u talking trash like a road side illiterate. Dont be an olodo...this is common sense, upgrade your education 3 Likes 1 Share |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by unmask: 6:59am On Nov 04, 2021 |
DoggoneDogg:yes they do? |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by unmask: 7:02am On Nov 04, 2021 |
FuckAllTheMODs:it is outsourced by banks. However, the Nigerian in us has made it such that even the job the vendors get paid for, they don't do them anymore. Some will just call and ask you to confirm address and call it verified |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by Powersurge: 7:09am On Nov 04, 2021 |
DamianX: Normally, they ought to go to the address and verify that you stay their. But this 8s Nigeria. |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by unmask: 7:16am On Nov 04, 2021 |
FuckAllTheMODs:Asking for description is context based. If the utility bill and name you provided is given to a vendor to verify and they go to the address, but the house is hard to locate or nobody can identify you the banks calls you to provide better description. To avoid cases were the bank keeps having to call back customers (which is a frustration for both the bankers and customers) they will collect all necessary information to avoid delays. Because until a positive address verification is obtained, no bank will let you operate an account. It is system based. These sort of questions are common in new settlements were locating places are usually hard. For ordered areas where say a house 10 is a house 10, an utility bill will suffice |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by Emmbanny(m): 7:19am On Nov 04, 2021 |
Na first bank dey ask that yeye question |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by linconby: 7:20am On Nov 04, 2021 |
Yes, since you don't have any interior motive. I was ask the same thing when I want to upgrage my account. Besides, it is for your security. |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by unmask: 7:20am On Nov 04, 2021 |
dapolaw: |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by portplus: 7:21am On Nov 04, 2021 |
EjaikreTheViper: First Bank verifies o |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by unmask: 7:21am On Nov 04, 2021 |
dapolaw:If that account officer opens the account and a fraudulent activity is carried out using the account, once the account officer is called out to provide the address and he/she can't, then it is an accomplice situation. It is only a dumb account officer that will append a signature on an address that wasn't verified. That being said banks have outsourced this activity. Account officer's only step in when vendors keep returning failed address verification for some accounts |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by Mayour11(m): 7:23am On Nov 04, 2021 |
Comedian2019: Na you know o |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by yahmohy27: 7:24am On Nov 04, 2021 |
DamianX:If your friend is not a yahoo yahoo why worrying himself |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by nams77: 7:25am On Nov 04, 2021 |
ramaju:Exactly. In addition, KYC is a mandate from CBN all customers. A particular bank outsourced the inspection duty to a firm that actually goes out for physical verification of these addresses. |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by unmask: 7:26am On Nov 04, 2021 |
FuckAllTheMODs:looking at it logically, you have provided the address on your utility bill. So what is it about the description that is weird for the banks to ask for? There are places were using utility bills alone, you won't be able to locate those addresses. Probably if Nigeria worked, a simple post code will be able to identify your exact house and a database will be available for confirmation like it is done in other countries |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by franugo(m): 7:28am On Nov 04, 2021 |
DoggoneDogg: You're the ignorant one yet you have effrontery to be crossing reasonable comments FYI, banks are charged by government agencies if they cannot provide verified details of their customers when needed so its a necessary procedure. If not that someone has fraudulent tendencies, why would you have issues with giving your details to the bank staff? 1 Like |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by Ngene44: 7:31am On Nov 04, 2021 |
EjaikreTheViper:apply for loan and see if they will not come, even microfinance will come if you apply for loans. The reason why bank have not come to your house is because you are not a high net worth customer, because of your 2,500 you want bank to waste stakeholders resources to visit you? 3 Likes |
Re: Is There A Reason As To Why A Bank Should Ask This Question? by ThatFairGuy: 7:36am On Nov 04, 2021 |
But they do these days. Infact they'll ask wether your house is fenced or not. DoggoneDogg: |
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