321–330 of 439 posts
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You didn't even mention when cards didn't work for three days for "maintenance" Surprisingly I grinned and bared it until I decided the world wasn't ready for life without checks, unfortunately.
> the world wasn't ready Your world. The US. There are plenty of countries where checks were phased out many decades ago. :-)
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You can try capital one 360 account. It allows you to create virtual accounts for different categories. It doesn’t have all the features you desire, but is better than most other banks in this respect.
Capitol One has one of the largest advertising budgets at > $1.5B. Seems a bit insane to support an organization that is willing to send so much revenue out the door when a good chunk of it could be recaptured by its customers.
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Yes, but there are two issues here. One is getting your trouble resolved. Sadly that means doing some work you shouldn't have to at present. The other is sharing all those experiences so that we can garner momentum to change things.
There is a theory that you should fix your own problems before you fix other's.
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I liked the idea of simple, but didn't like the fact they couldn't send me checks to use. They'll mail them on my behalf but not send me an actual checkbook to hold onto for one off situations. I rarely use them, but sometimes contractors or landlords prefer this method or charge exorbitant fees to use a credit card. Also if I come into a decent size amount of a cash payment, I can't walk into a bank to deposit it. M…
Downstream of you handwriting a check is a hundred million dollar quagmire of process and tech to deal with the aftermath of your dead tree scribbles. Just let them mail it... Simple!
This only hurt old Wells shareholders (stock is up nearly 2% today on this news). Meanwhile the Wells executives who clearly broke the law get off scot free. Martin Shkreli instead get's the book thrown at him, assets seized, and sent to federal prison for much less.
This only hurt old Wells shareholders (stock is up nearly 2% today on this news). Meanwhile the Wells executives who clearly broke the law get off scot free. Martin Shkreli instead get's the book thrown at him, assets seized, and sent to federal prison for much less.
He defrauded rich people. That can't be allowed.
Someone pointed out to me once that the parable of the boy who cried wolf is a story where not only did he lie, he also laughed in their faces and mocked them for believing him. He gets eaten in the end.
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I have never purchased property in the US, but I keep reading horrible anecdote after horrible anecdote, so I have to ask: As a buyer, why would I even care who the seller has their mortgage with? Why would that matter? Where I'm from, the real estate agent deals with that shit. When you close the deal, the agent calls up the new bank or faxes them or whatever so that they open a mortgage for X amount for the piece o…
No. There are no loan assumptions in US. Seller’s mortgage holder is irrelevant.
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The budgeting part of what you're describing is basically YNAB. https://app.youneedabudget.com/ It's a set of virtual buckets for allocating what money you currently have. It's not free but it's great because when one bucket's empty, it forces you to choose where else that money is going to come from. Like, "OK you blew threw the beer money, dum dum. Do you want to steal from your vacation fund or the new computer fu…
I'm a YNAB user in the UK, where auto-import isn't really practicable because banks refuse to guarantee you against fraud if you give our your online banking details to anyone else, including YNAB. That should change this year because they're being forced to allow customers to use that data: https://www.openbanking.org.uk/home/what-is-open-banking/ However, I've actually found it very useful to spend time manually en…
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I wonder if all these small banks have to re-invent the SaaS wheel, or if there is a company out there providing a banking platform to them...
There are a healthy assortment of fintech offerings for banking clustered in Austin and on the West Coast, maybe more. Check out Q2 and Malauzai in Austin (there are are several, these are just the two I have evaluated) for a stack that is agnostic of the core system and provides almost all banking functions across channels. This kind of thing isn't cheap though, and bank boards are notoriously conservative when it c…
The executives responsible (principally Carrie Tolstedt and John Stumpf) not only did not go to jail, they ended up money ahead to the tune of 8-9 figures, even after clawbacks. So if you're an executive, you know what to do... And if you're a shareholder, is a billion dollar fine compared against 88.4 billion in 2017 revenue sufficient to sustain your motivation in an endless fight against the backscratching directo…
You think that even in this day and age, anytime you're getting hit with a billion dollars in fines, you'd sit up and pay attention. I'm not saying WF (or more importantly, their shareholders) actually cares. But you'd think that they would at that level.
I don't have faith in Wells Fargo ownership or leadership to ensure ethical or even legal behavior in the absence of sufficient incentives. The market as currently set up encourages large scale misbehavior and destructive abuse by Wells Fargo of its customers. The stockholders are insulated by distance from the misery their company causes, and the executives outright make out like bandits, even when they get caught.
This is ultimately a problem which can only be solved by voters and their representatives inflicting meaningful punishment.