answersLogoWhite

0

Yes. It is perfectly legal. Loan companies have the right to check your bank account to see your cash transactions and earning details. It would help them get a fair picture of your earning potential and spending patterns before they decide to grant you a loan. They need to know if you really have enough income to repay the loan and so they have the right to do so.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Is it legal to check your credit to open an account with a bank?

Yes, it is perfectly legal to check your credit score before opening an account with a bank. The bank themselves would run a credit check on you before finalizing the account opening procedure. However a good credit score is not mandatory to open a deposit account.


Can ABC Company deposit a check into their account if the check is made payable to CBS Company?

Yes if the bank accepts it, but ABC company is liable for the amount if the check isn't paid.


Can a debt card company take your social security check if it is in your bank account?

yes


Is it legal for a company to do an automatic check withdrawal for one of there members with out permission from the check account holder?

Call your bank and find out how to rescind any permission you gave the company to automatically withdraw money. Somehow, the other person was able to provide the information for the money to be withdrawn.


Can a credit card company take you to court and garnish your check if you do not make arrangements to settle your account?

A credit card company can refuse your offer of settlement and proceed with legal action. They must win their court case and have a judgment declared against you before your wages or bank account can be garnished.


Can you check your bank account balance?

I want to check my A/c


Check sbi bank account info on mobile?

i want to my sbi bank account check


How can you check your account balance in hbl bank?

i want check my accout of HBL bank


How do you check balance in account of maharashtra bank?

Yes we can check our balance in account of bank of maharashtra


Can I deposit a cashier's check into my bank account?

Yes, you can deposit a cashier's check into your bank account.


Can you deposit a cashier's check into your bank account?

Yes, you can deposit a cashier's check into your bank account.


What is the process in writing a checking account check?

Here is the process in wrinting a checking account check: First Write your name of the person or company that you want to pay then write the date you are writing the check. Write the amount of the check using numbers. Write the reason for the payment.