There may be times when you will want to know about the financial strength of the person whom you want to partner with for a business venture or to know about the financial strength of your spouse during divorce settlement. Such searches are not illegal and should not be confused with spying as these are legal searches that are conducted by licensed asset search agencies that may or may not be a team of lawyers.
Purposes for Bank Searches
There are few permissible purposes for Locating Bank Accounts which include debt or judgment collection and for authorized estate and asset investigation. It can also be done for authorized matrimonial investigation, subpoena or court order, checking the employment background and also to know any existing credit obligation to assess credit risks. It may be also required by the government to know the financial status of the consumer and judge the eligibility of a specific license. It is also helpful in underwriting of insurance and also for other legitimate business requirements.