Reneging a bank for a non-bank

If I need to renege a bank for another company that is not a bank, should I tell the people at my bank what company it is? What if they ask? For the record, the company I am joining is not in financial services, and the two companies do not compete.

8 Comments
 

No, there is absolutely no reason to tell them. Telling them cannot benefit you, but it could hurt you. This is common sense. Just tell them what industry / field you are going into at most, and if they keep pressing say that you don't feel comfortable sharing with them.

 

I did the exact thing a month or two ago and said banking wasn't for me and was super honest. Most of the bankers understood and some were understandably upset. I definitely burned some bridges, but it was better to do that then go into something I wasn't excited or interested in. That being said I didn't say specifics, I just gave my rationale for reneging.

 

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