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Camarogirl67 | Apartment application - asking for bank account balances? |
I think this is weird - I am looking for apartments in California, and they are asking for my bank account numbers, as well as asking for the checking & savings account balances. One application even asked for credit card #s and their balances!
Is this legal? If anyone knows for sure and has a link to the information, I'd really appreciate it.
Additional Details
If someone knows it's not legal, if you would refer me to your source I would appreciate it. Thanks. |
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Amanda H
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The only purposes are to see that you have a "positive" cash flow. THEY CANNOT just 'take money' either from your CC's or your bank account. If you want, fill it out with just x's, except for the last 4 digits.
Normally on an apartment they dont verify any of the accounts. A loan, though, they use the application for totals but they ask for bank statements to show your positive balance-- like a small cushion that always stays in your account, that could cover rent in case of emergency.
Its totally normal and they're not trying to rip you off.
pS--- this is not a scam, its simply to verify that you can afford the rent without extending yourself too much. Its a little much- most apartments use a simple formula of your income must be three times your rent, but this apartment is going a little further-- and some do. Again, just use the last 4 of your acounts number if you're nervous. If they refuse it based on that, go somewhere else-- you're being reasonable. |
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ladym963
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Well they want to know how money you have.. DO NOT give any account numbers out.. leave blank and tell them you dont want to give them out |
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Alone again
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Just put an ungodly amount and if they ask tell them you inherited it :) |
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couchP56
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that is no ones business and no it's not legal |
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kfaulk211
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If they are asking for any account or CC numbers, it is a scam and not only should you not rent from these people, but you should report them to the BBB. |
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webworm90
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Actual I would only give them a credit card number if using it for the rental. Same with the bank account. Most Landlords would understand about Identify theft nowadays. California does have some privacy laws you might want to check into. You need to find an apartment that does not do this. If you don't have an account. Just leave it blank. |
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Bob
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Answer the questions about the bank accounts - the landlord wants to verify that you have money to cover security deposit and the like.
As for the credit cards, I wouldn't answer them. Your landlord will run a credit check and see for himself your cards and your balances. He doesn't need the full account number, but you could give him the last 4 numbers as a courtesy. |
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mel
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accounts, yes. balances, no
creidt card balances, yes. card numbers? hmm...dicey |
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cptv8ing
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As long as you sign on the dotted line at the end of the application it is perfectly legal. This sounds like a very standard as in online ordering rental application. I have been in property management for a very long time and although I have seen and even used these type of applications I have never actually called any banking institution to validate the information provided unless at some point I have rented to them and they owe me money I will then refer back to this information for garnishment purposes. The requesting of credit cards is most likely to determine your debt ratio and how that would calculate into your rent payment. If in doubt just write in your banking institution name and leave the rest blank, but you do realize of course that when they run your credit all your credit card and banking info will more than likely show up regardless. If you are really concerned talk to the property manager and I am sure that can explain further. |
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robert w
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If you are silly enough to give that info - Hope you enjoy living in a car and trying to get your identity back.
Ask for their personnels personal info before giving yours.
You will have no control over who sees this info. |
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escapegrl1
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I don't know if it's legal or not but just put you have a zero balance. That's what I did which wasn't quite true. |
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Gothic Marthaâ„¢
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It IS legal, especially if it is government controlled housing. (Not just low income housing)
I have lived in a few apartments in my time, it helps establish whether they feel you can afford their rent. Usually, in order to determine this, rent is about 1/3 of your income. |
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