Re:Why Banks Are Suddenly Closing Down Customer Accounts
by zlg_codes on Monday November 06, 2023 @12:20AM
(#38159152)
Cool ,I'll remember that when I'm starving because my account was frozen. For 'efficiency'. I'm glad they care so much about me as a customer.
Banks are about to lose more trust, and money. I'll be doing some research into my credit union as well. Can't trust these institutions, man.
Re:Why Banks Are Suddenly Closing Down Customer Accounts
by eganist on Monday November 06, 2023 @07:41AM
(#38161803)
If you're comfortable sharing, which one?
Re:Why Banks Are Suddenly Closing Down Customer Accounts
by zlg_codes on Monday November 06, 2023 @08:59PM
(#38172205)
It's in the PNW and rhymes with Win Far. Started as a teacher's union before opening up to the general public. I did some brief research into their background when I chose them, since I was looking for a no-frills checking account that wouldn't let me overdraft. Essentially just simple, "safe", normal banking or whatever, without fees.
The only catch seems to be that I had to buy a share in the company that I assume they make interest on later. Seems fair enough, and I haven't heard of anyone's account being closed randomly, at least not yet.
Re:Why Banks Are Suddenly Closing Down Customer Accounts
by nicbou on Monday November 06, 2023 @03:13AM
(#38159968)
I'm not weird and still got my accounts frozen due to a clerical error by the tax office. So did my tax advisor once.
The onus should not be on us to fit their model, but on them to fit their model to reality.
Of course, that doesn't help if you don't just look weird but actually are weird. Spending a lot of time overseas is not weird in itself, because it's common enough. Some specific international situations are weird. Because such situations are rare, it's not cost-effective for the bureaucracy to develop processes for dealing with them fairly.