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The only explanation for the continued usage of consumer banks that provide sub par service and pay paltry near-zero interest rates is the lack of basic financi
by koolba 8y ago
The only explanation for the continued usage of consumer banks that provide sub par service and pay paltry near-zero interest rates is the lack of basic financial education. The majority of people just don’t know any better and think switching banks is a pain. In reality it takes 15 min to open an account online.
- techsupporter 8y agoOr if you want lots of help switching, a local credit union will probably do that, too. I was in a branch of my (not very large, so not really expected to be multilingual) credit union here in Seattle about a month ago and a branch employee was walking a middle-age-appearing couple through switching their automatic debits and direct deposit and such to the account they’d recently opened. And he was doing it in German.
- Scoundreller 8y agoA credit union without any offices in New York City is a good way to protect you against the organisms described here: https://www.bloomberg.com/graphics/2018-confessions-of-judgment/ https://www.bloomberg.com/graphics/2018-confessions-of-judgm...
- tstrimple 8y agoI"ve had two separate mortgages sold without my consent to Wells Fargo. It's been pretty difficult to avoid them.
- bdcravens 8y agoPlus any companies that use Stripe are sending business to WF.