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A short conversation with a bank

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101–110 of 316 posts

Re: A short conversation with a bank

#101
> just stay in your fucking lane

This, a thousand times. It irks me when companies insist on fucking with a product that was good enough already.

At that point, they should scale down, sell it to an income fund and move on.

But no. The growth-hungry VCs ruin the product and alienate their previously-loyal customers.

Re: A short conversation with a bank

#102
post #93

Not directly related to the title, but further in the article: > newly minted MBA ex-consultant who’s just started working at Dropbox as a product manager: and here is my presentation about why it is imperative for us to expand from file synchronization and, for some reason, password management, into financial service integration through our automated financial information archival tool, and then ultimately into fina…

Well, I suppose the devil's advocate argument is once you get to this stage (publicly traded company), the company's priority is no longer just "do things to get traction", but also "do things to support share price". You could argue the ex consultant MBA type product manager is better suited to solve a problem that institutional investors run by ex finance MBA types have.

self-referential gravity pull into financial services churn -- agree with disdain

Re: A short conversation with a bank

#103
post #29

Earlier quoted context omitted.

Branches are equally powerless. See: Bank of America's policy on two-party "and" checks. I walk in, having had a checking account with them for decades: "Hi, I need to deposit a two-party check into my account here. This is the other party with me, and we're happy to show ID." Door greeter / agent: "Sure, I can do that for you." {Proceeds to verify my information and set up deposit on her tablet} "Hmm." {Walks over t…

Needless to say, I closed my BoA accounts. I've read a number of BoA horror stories on HN, and didn't think anything of them. I just assumed there were a lot because BoA is big in California. Then, recently, I tried to deal with BoA customer service. - I'm saving up a few thousand dollars for a Christmas present, but don't want my wife to see the money in our joint account at another bank. - Since I have BoA credit c…

> Bank of America doesn't deserve to represent itself as the bank of America

Oh, this story is quintessential US Americana, right down to the name.

I've long maintained that one of the biggest gifts to US corporations is how few of their customers visit other countries. If more of them ever saw functional banking (or humane healthcare, or competitive telephony and broadband, or a number of other things), a lot of rents would evaporate.

Re: A short conversation with a bank

#104

> with Gmail, where you were so aggressive about mining receipt data from Amazon that when I get a receipt from Amazon now it doesn’t actually include what I bought Wow, he's right. The item name no longer appears on emailed receipts I receive from Amazon as of about late 2019 or early 2020. I can't think of a plausible explanation for this change other than preventing Google from pilfering your detailed purchase his…

Cannot reproduce - my emails from Amazon have the subject "Your order of X" and contain a link to X.

It must vary by customer, none of my emails about my Amazon orders EVER contain any information about the items ordered, they just have a status and the order number.

I once talked to their customer service to ask how to stop getting the emails since they're basically entirely useless and they told me there's no way to do that.

Re: A short conversation with a bank

#105
Every time I try to do something slightly beyond the ordinary with my bank, I get reminded that it’s mainframes all the way down underneath. Mainframes that IT leaders are afraid to change, update or reboot. Yet they still figure out a way to chisel you every which way.

Re: A short conversation with a bank

#106
One thing that really needs to start taking hold in the public consciousness is that credit unions are far superior to banks in almost every way.

They usually offer 100% of the same services but with lower (or no) fees, and with far less bullshit. I've been a member of multiple CUs and every time I've had a problem, I just walked in, described the situation, and they just fixed it. If I call, I don't get bounced around to 3 departments, at worst I end up being transferred to a manager who actually has the power to fix the problem.

Every time I decided to try a bank instead of a credit union, I have regretted it.

Re: A short conversation with a bank

#107

> with Gmail, where you were so aggressive about mining receipt data from Amazon that when I get a receipt from Amazon now it doesn’t actually include what I bought Wow, he's right. The item name no longer appears on emailed receipts I receive from Amazon as of about late 2019 or early 2020. I can't think of a plausible explanation for this change other than preventing Google from pilfering your detailed purchase his…

I find it pretty annoying that the product info isn’t in the receipts, shipment notification, or delivery notification. A less charitable interpretation of Amazon’s motivation is that it forces you to click back to Amazon where they are trying to sell more to you.

Re: A short conversation with a bank

#108
post #29

Earlier quoted context omitted.

Branches are equally powerless. See: Bank of America's policy on two-party "and" checks. I walk in, having had a checking account with them for decades: "Hi, I need to deposit a two-party check into my account here. This is the other party with me, and we're happy to show ID." Door greeter / agent: "Sure, I can do that for you." {Proceeds to verify my information and set up deposit on her tablet} "Hmm." {Walks over t…

Needless to say, I closed my BoA accounts. I've read a number of BoA horror stories on HN, and didn't think anything of them. I just assumed there were a lot because BoA is big in California. Then, recently, I tried to deal with BoA customer service. - I'm saving up a few thousand dollars for a Christmas present, but don't want my wife to see the money in our joint account at another bank. - Since I have BoA credit c…

Even before phone apps and internet banking BofA was godawful. They'd process debits first, issue overdraft fees, then process credits at the end of the day. As a poor college student in the mid 2000's I got screwed over twice before I closed my accounts there and haven't used them since.

Then at one point I was between jobs and filed for unemployment - which conveniently came on a BofA debit card. 10 years later and I still get an email about some kind of monthly statement for the $0.43 on there. I tried to close out the account and gave up after several attempts, and just marked it as spam.

Re: A short conversation with a bank

#109
post #25
post #12

Earlier quoted context omitted.

Sure, but my local hardware store is also trying to sell me stuff and is trying to charge as much as possible for it, yet I don’t have to jump through opaque and frustrating procedures and barely functional web systems to buy a 2x4. The author’s issue comes down to banks being apparently uninterested in attracting business by solving actual customer pain points. Instead of solving real problems (terrible UX around a…

Never had these problems with my CU (LMCU), and honestly Cap1 bank has been doing a pretty bang up job with my CC's. I'm considering trying them for banking.

Do NOT use Cap1 for banking!

I too was satisfied with my Cap1 cc account(s), tried their banking, and it was a total disaster. I eventually got my money out (through two systems that had been deprecated and closed down, with no apparen't notice to me), and left $10 in one account that still has paper statements - but no ability to sign in to the account any more.

I leave it alone to spite them.

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