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Do banks call your employer to verify your employment when opening a brokerage account?
Posted by brian in Employment HELP on Oct 22nd, 2010 | 2 responses


Just wondering how they asked for the name and number of my employer.
So basically will my employer find out that I had this lump sum of money that I invested?

Image taken on 2009-09-01 08:29:48. Image Source. (Used with permission)


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2 Responses to “Do banks call your employer to verify your employment when opening a brokerage account?”

  1. walt17jr says:
    October 22, 2010 at 3:17 pm

    It’s possible, but they aren’t likely to do so unless there is something that makes them doubt your application. If they do it would only be to verify employment. They would not provide any information to your employer.

  2. Frank Castle says:
    October 22, 2010 at 3:42 pm

    No.