Published on December 7th, 2018 | by William Charles86
American Express Requesting Bank Account Access During Business Credit Card Application
So this is new, a reader reports applying for an American Express card and then receiving the following pop up asking for access to your bank account information. “Please allow us ongoing access to your bank account information.” This seems to only be happening on business cards.
It’s not entirely clear how American Express request this access. That sort of information isn’t something I’d be happy to provide, especially when American Express want ongoing access to this information. I’d think American Express is just using this in edge cases currently (and maybe when they would have normally denied applicants) but that is nothing more than an educated guess.
Update 1: As one reader points out, this is likely part of the new ultraFICO scoring model.
Update 2: Unlikely to be the ultraFICO model as some readers point out American Express has been doing this for at least six months
Hat tip to reader Abey