In order to combat fraud, banks may refuse to issue a large number of accounts and payment instruments. This usually happens in a situation where a person already has several cards and large sums of money pass through them. Even if such a client is not yet suspected of fraud, the bank may refuse to issue him a "debit card" for security reasons.
Refusal to issue a debit card may also be a consequence of late payments on loans. Some banks approach the analysis of the reliability of clients with all seriousness. Moreover, when they issue any products. Therefore, they can request and analyze the credit history, and also refuse to issue a "debit card" if negative marks are found in the report.
How does the bank check data?
Financial institutions do not disclose this information. Each bank develops and applies its own security protocols. However, it is obvious that they use:
Client databases – relevant when checking applicants who exit mobile number database have already applied to the bank for any services.
Credit bureau information – when submitting an application, the client typically consents to the request, processing and receipt of the relevant report.
Open sources – various publicly available registries and databases.
Banks can also send requests to law enforcement agencies and government services. For example, if they have reason to suspect a client of fraud. If the security service employees' doubts are confirmed, the "debit card" will be denied.
What to do if the bank refused
If the client has reason to believe that when filling out the form, he/she provided incorrect information or made typos, due to which the application did not pass the automatic check, it makes sense to try again. The easiest way is to try to apply for a card online - preliminary approval in this case almost always guarantees the issuance of a "debit card".
Another way out of the situation may be to choose another card or another issuer - the requirements for clients are formed individually by each organization and for each product. In addition, the applicant may be on the bank's "black list" without knowing it. Therefore, changing the issuer will significantly increase the likelihood of issuing a card.