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Bank of America Cut Off Finance Sites from Its Data

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Re: Bank of America Cut Off Finance Sites from Its Data

#51

Post by Someone1234 »

Jtsummers wrote: post #38
Someone1234 wrote: post #33

We're on Wells Fargo who are also doing this. Does anyone have an alternative banking solution? We aren't eligible for USAA. I'd love to keep local free ATM withdrawals, and I have no idea how depositing cash works for online only financial services.

EDIT: This is all wrong: I think USAA checking and other financial services are open to most people now, not just military and relatives of current members. Insurance and perhaps retirement accounts, I think, are all that are still restricted. This either used to be true and its switched back, or they were discussing it and decided not to implement it. Sorry for the mistake. Also, yeah, as my sibling reply says, you…

When you try and open a USAA Checking account, they ask you for your military affiliation, if you say none they say:

> Sorry, we can't open this account for you.

> USAA Bank products are only available to military members, veterans who have honorably served and their eligible family members.

People keep saying USAA opened up the door to everyone, but their website says nothing like that.

Re: Bank of America Cut Off Finance Sites from Its Data

#53

Post by maxxxxx »

The crazy thing is that this problem has been solved a long time ago. MS Money had the ability to download from different banks and then you had all the data on your hard disk. Worked like a charm ,but as it seems to be the trend these days with things that worked well, MS abandoned it.

Mint is so primitive in comparison.

Re: Bank of America Cut Off Finance Sites from Its Data

#54

Post by maxxxxx »

guelo wrote: post #32

Banks have been purposefully limiting customers' view of electronic data for years, first by eliminating running balances about 10 years ago and then by limiting online data to 90 days. They do this because confused customers are more likely to pay fees such as overdraft fees, which is where retail banks make most of their money. Mint complied with the banks' demand to not display running balances but they do display…

A while ago I had to look up something about a 4 year old transaction. The bank had the data but for whatever reason would fight tooth and nail not to give it to me.

Re: Bank of America Cut Off Finance Sites from Its Data

#55

Post by dragonwriter »

Someone1234 wrote: post #33

We're on Wells Fargo who are also doing this. Does anyone have an alternative banking solution? We aren't eligible for USAA. I'd love to keep local free ATM withdrawals, and I have no idea how depositing cash works for online only financial services.

> Does anyone have an alternative banking solution? We aren't eligible for USAA.

USAA is a big credit union with national visibility but restrictive membership, but they aren't the only credit union, and credit unions generally are customer-friendlier (since their customers are also their owners); you may want to research local credit unions, most of which now have more open membership than USAA.

Re: Bank of America Cut Off Finance Sites from Its Data

#56

Post by Jtsummers »

Someone1234 wrote: post #51
Jtsummers wrote: post #38

Earlier quoted context omitted.

EDIT: This is all wrong: I think USAA checking and other financial services are open to most people now, not just military and relatives of current members. Insurance and perhaps retirement accounts, I think, are all that are still restricted. This either used to be true and its switched back, or they were discussing it and decided not to implement it. Sorry for the mistake. Also, yeah, as my sibling reply says, you…

When you try and open a USAA Checking account, they ask you for your military affiliation, if you say none they say: > Sorry, we can't open this account for you. > USAA Bank products are only available to military members, veterans who have honorably served and their eligible family members. People keep saying USAA opened up the door to everyone, but their website says nothing like that.

Yeah, I tried to make a new account and saw the same message, that's why I edited it. A google search revealed a Reddit post from 2013 of people discussing it. Apparently that's when they closed it to non-military affiliated folks.

Re: Bank of America Cut Off Finance Sites from Its Data

#57

Post by Someone1234 »

Jtsummers wrote: post #56
Someone1234 wrote: post #51

Earlier quoted context omitted.

When you try and open a USAA Checking account, they ask you for your military affiliation, if you say none they say: > Sorry, we can't open this account for you. > USAA Bank products are only available to military members, veterans who have honorably served and their eligible family members. People keep saying USAA opened up the door to everyone, but their website says nothing like that.

Yeah, I tried to make a new account and saw the same message, that's why I edited it. A google search revealed a Reddit post from 2013 of people discussing it. Apparently that's when they closed it to non-military affiliated folks.

Oh sorry, I read your edit backwards.

Re: Bank of America Cut Off Finance Sites from Its Data

#58

Post by Jtsummers »

Someone1234 wrote: post #57
Jtsummers wrote: post #56

Earlier quoted context omitted.

Yeah, I tried to make a new account and saw the same message, that's why I edited it. A google search revealed a Reddit post from 2013 of people discussing it. Apparently that's when they closed it to non-military affiliated folks.

Oh sorry, I read your edit backwards.

No worries. I haven't been the best communicator this week.

Re: Bank of America Cut Off Finance Sites from Its Data

#59

Post by superuser2 »

guelo wrote: post #32

Banks have been purposefully limiting customers' view of electronic data for years, first by eliminating running balances about 10 years ago and then by limiting online data to 90 days. They do this because confused customers are more likely to pay fees such as overdraft fees, which is where retail banks make most of their money. Mint complied with the banks' demand to not display running balances but they do display…

I've noticed and been frustrated by that at two different banks. I always assumed it was because banks were hostile to technology and saw their online banking operations as a cost center, a box to be ticked by the cheapest third-world outsourcing firm, without regard for UX. That + 60-year-old mainframes is not a recipe for good software.

I recently switched to a university credit union. It's generally less internet-friendly (no mobile app, let alone photo check deposit). But unlike M&I, Harris (when it bought M&I), or Citi, my credit union shows every transaction through account creation, with running balances, on a single lightweight HTML page.

Any source on Mint and the banks colluding to not show running balances? I don't doubt you, but I'd love to be able to tell people about it.

I'll never go back to a big bank for checking, but I'm still lining their pockets for credit card interchange fees. CapitalOne's 1.5% back is pretty hard to beat.

Re: Bank of America Cut Off Finance Sites from Its Data

#60

Post by eveningcoffee »

guelo wrote: post #32

Banks have been purposefully limiting customers' view of electronic data for years, first by eliminating running balances about 10 years ago and then by limiting online data to 90 days. They do this because confused customers are more likely to pay fees such as overdraft fees, which is where retail banks make most of their money. Mint complied with the banks' demand to not display running balances but they do display…

I wonder when people do realize that data about themselves is really valuable and stop giving it away for free or cheap and making themselves products that are traded like slaves without anybody asking their permission.

What do you have to hide? Everything.

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