4 ms·

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/

by 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.

by maym86 8y ago

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.