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I really liked Wells Fargo, but had a terrible experience with their legal department. I had a judgement against me for <$500 and they froze $20k. Had I not ra

I really liked Wells Fargo, but had a terrible experience with their legal department. I had a judgement against me for <$500 and they froze $20k. Had I not raised hell with them they were going to keep the freeze for 120 days. That’s insane. The big banks all seem to be very conservative when it comes to legal issues, at the customer’s expense.

maym86 8y ago
Wells Fargo is beyond conservative. It is activley criminal. https://en.m.wikipedia.org/wiki/Wells_Fargo_account_fraud_scandal https://en.m.wikipedia.org/wiki/Wells_Fargo_account_fraud_sc... It's not too difficult to take a small step and open an account elsewhere. We can stop rewarding these large banks for their bad behavior. I've had a good experience with Ally.
- LyndsySimon 8y ago
  Ally is just as much of a “large bank”, isn’t it? I currently bank with a regional bank, but they were acquired by Arvest. I’m looking for alternatives now.
  - maym86 8y ago
    They currently don't seem to be behaving in ways that actively hurts customers. I don't think there anywhere close to as big as BoA. My issue is more with behavior. But yeah, I've been considering opening a local credit union account to try that out too.
  - mindslight 8y ago
    Not quite just as much (1/10 the size), but certainly up there. Ally was formerly known as GMAC, which should ring some bells. https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_U... You'd hope that being one of the 19 largest banks would keep them a little more responsive than being one of the 4 largest banks. As well as their customers being lower friction online ones, rather than trapped by circumstance brick-and-mortar ones. But like everything in our "best-effort" economy, the only thing you can really do is open multiple bank accounts [0] and hope they aren't yet colluding hard enough through the commercial surveillance bureaus that their failures will remain reasonably independent. [0] Obviously at places that aren't likely to institute monthly fees, or arbitrary requirements to avoid them.
- ams6110 8y ago
  I have always used a local credit union for basic checking/savings. No need for a big national bank for that.

maym86 8y ago

Wells Fargo is beyond conservative. It is activley criminal. https://en.m.wikipedia.org/wiki/Wells_Fargo_account_fraud_scandal https://en.m.wikipedia.org/wiki/Wells_Fargo_account_fraud_sc... It's not too difficult to take a small step and open an account elsewhere. We can stop rewarding these large banks for their bad behavior. I've had a good experience with Ally.

LyndsySimon 8y ago
Ally is just as much of a “large bank”, isn’t it? I currently bank with a regional bank, but they were acquired by Arvest. I’m looking for alternatives now.
- maym86 8y ago
  They currently don't seem to be behaving in ways that actively hurts customers. I don't think there anywhere close to as big as BoA. My issue is more with behavior. But yeah, I've been considering opening a local credit union account to try that out too.
- mindslight 8y ago
  Not quite just as much (1/10 the size), but certainly up there. Ally was formerly known as GMAC, which should ring some bells. https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_U... You'd hope that being one of the 19 largest banks would keep them a little more responsive than being one of the 4 largest banks. As well as their customers being lower friction online ones, rather than trapped by circumstance brick-and-mortar ones. But like everything in our "best-effort" economy, the only thing you can really do is open multiple bank accounts [0] and hope they aren't yet colluding hard enough through the commercial surveillance bureaus that their failures will remain reasonably independent. [0] Obviously at places that aren't likely to institute monthly fees, or arbitrary requirements to avoid them.
ams6110 8y ago
I have always used a local credit union for basic checking/savings. No need for a big national bank for that.