11–20 of 71 posts
This gives me yet another good reason to keep BECU[1] as my only bank for any non-trivial amount of money... it can be a pain if I need an ATM, but I can at least trust that they will generally be on my side. [1] https://becu.org
"Again, I hadn't lived there or worked there since 2003, but I did own part of a business that was headquartered in MA, and the state was using this fact to harass me for income tax money."
So is the MA tax bill based on the profits of that business, or is the state just using it to say "you should pay all your income tax here"? Regardless, his beef should be with MA rather than the bank. I'd hardly fault Chase for complying with a court order - if crossing a state line made you judgement proof, why wouldn't everyone just run up debts, move one state over, and start fresh?
This gives me yet another good reason to keep BECU[1] as my only bank for any non-trivial amount of money... it can be a pain if I need an ATM, but I can at least trust that they will generally be on my side. [1] https://becu.org
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If you're wondering (like I was) why MA thinks this guy owes anything at all, it's buried in the middle: "Again, I hadn't lived there or worked there since 2003, but I did own part of a business that was headquartered in MA, and the state was using this fact to harass me for income tax money." So is the MA tax bill based on the profits of that business, or is the state just using it to say "you should pay all your in…
Edit: According to [0] they don't need to. They just send you a notice and if you don't respond in time they take what they want. It's not clear what constitutes responding or how to get the case into a court and out of an administrative process. I don't know about the out-of-state bank thing.
[0] http://www.mass.gov/dor/businesses/help-and-resources/legal-...
This gives me yet another good reason to keep BECU[1] as my only bank for any non-trivial amount of money... it can be a pain if I need an ATM, but I can at least trust that they will generally be on my side. [1] https://becu.org
Earlier quoted context omitted.
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There is a huge difference between the skills necessary to safely hold your money and setting up HTTPS. I bet you that there are a lot of fraudulent banks that are very good with https, but aren't to be trusted.
In order to safely run an internetbank, there are a thousand of small things that all must be done right. If they can't even set up (and test, and verify, and maintain) https, what makes you think that they can handle 100% of the much more complicated computing security issues without missing something?
This gives me yet another good reason to keep BECU[1] as my only bank for any non-trivial amount of money... it can be a pain if I need an ATM, but I can at least trust that they will generally be on my side. [1] https://becu.org
I know from living in Seattle that they're a reputable credit union, but the fact that their home page gives me a certificate error is a bad pattern that trains users to ignore scary red messages. (The problem is that the cert is for www.becu.org , not becu.org .)
Original text is published here: http://digbysblog.blogspot.com/2013/02/chase-just-handed-ove...
It's shit like this that makes me want Bitcoin or one of the alternatives to succeed. I don't care if it ends up being worth $10 or $50K, as long as many people use it. The banking system is rotten to the core.