Re:Why Banks Are Suddenly Closing Down Customer Accounts
by creer on Sunday November 05, 2023 @07:25PM
(#38157303)
Or rather two departments being very good boys: these banks claim to have human reviewers. A first level of automatic flagging (with people running that) and a human review that the flagging deserves debanking (with people doing and running that).
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Re:Why Banks Are Suddenly Closing Down Customer Accounts
by Projectiboga on Sunday November 05, 2023 @08:36PM
(#38157783)
The second, human level is off shore and very tough to get clear with even if nothing was truly wrong. Chase once gave me exactly 7 days around the holidays to present a power of attorney, with no way to escalate or just leave the account frozen a little longer. Since that crew is sitting in the other side of the planet and Christmas is meaningless they didn't care. I survived that episode with them but it gave me the heads up to look around.