Banks and financial institutions typically report information to credit bureaus about their customers' credit card and loan accounts but not about checking or savings accounts. The information that is reported to credit bureaus typically includes:
Account information: This includes the type of account (credit card, personal loan, etc.), the account balance, credit limit, and the date the account was opened.
Payment history: This includes whether payments were made on time and if any payments were late or missed.
Credit utilization: This is the ratio of the credit used to the credit available and is a factor in credit scoring.
Credit inquiries: Credit inquiries are made when a lender or creditor checks an applicant's credit report.
Public records: Bankruptcy, foreclosure, and tax liens, if any, also can be included in the credit report.
It's important to note that the information reported to credit bureaus may vary by bank or financial institution, and not all banks report to all credit bureaus. So, it's a good idea to check your credit reports regularly to ensure that the information is accurate and up to date.