Do car dealerships have to look at your bank account?

Do dealers look at your bank account? I know that dealers check your credit, pay stubs, and verify your employment and residence. I had a few overdraft charges, and I want to make sure this doesn't disqualify me from a loan.

Answer provided by
Eric Schad
Answered on Jun 29, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“Of the many items to bring to a dealer will need when applying for your car loan, statements aren’t commonly requested.
The dealer will sometimes look at your bank accounts to verify your income or help them decide if you’re a credit risk based on how much money you have in the bank.
If you have a great credit score, they might not even ask for bank account statements. That said, you don’t have to hand them over unless they’re specifically requested. You can monitor your credit score using the Credit Karma app.
So if you’re worried about it, don’t bring it up. Keep in mind that overdrafts aren’t going to directly get you rejected for a car loan, but they may not help.”

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies