Why Banks Are Suddenly Closing Down Customer Accounts

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.

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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?

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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.

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