Report: Facebook seeking data on bank users

It can seem like Facebook already knows so much about us and our preferences, but now it seems the social media giant wants to know even more—specifically about our finances.

The Wall Street Journal reports that Facebook has asked large banks to share detailed financial information about customers in an effort to offer more services to users.

The report comes as little surprise to those who follow Facebook as the company has worked to make its Messenger app a hub for all things commerce.

"I can't even think about what would surprise me—Facebook branching out into health insurance? Facebook branching out into oxygen sales?" said Henry Casey, a senior writer for Laptop Magazine and Tom's Guide. "They want to be the internet the way that AOL was the internet for everyone back in the day."

You can already send money through messenger and connect with banks and credit card companies for customer service through the app, but The Journal article reported that Facebook wants to go even further, by say, allowing you to access your bank account balance or get fraud alerts.

But many Facebook users are leery of sharing sensitive financial information with the site.

"I don't feel safe using Facebook for monetary transactions," said one.

"I don't really like that idea, and there was the big privacy scandal they just had," said another.

That big privacy scandal involved a firm called Cambridge Analytica which accessed Facebook data on tens of millions of Facebook users without them knowing.

In a statement to Fox Business, a spokesperson denied that Facebook is actively asking financial service companies for financial transaction data and said "... we partner with banks and credit card companies to offer services like customer chat or account management … The idea is that messaging with a bank can be better than waiting on hold over the phone - and it's completely opt-in."

Facebook said it would not use the data to target ads at users and wouldn't share the information with third parties.

Shares of Facebook surged after the report.