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This is why I will always bank with the old-school banks. Being able to reach someone on the phone -- or even turn up at a branch -- makes it a lot harder for t
by _petronius 7y ago
This is why I will always bank with the old-school banks. Being able to reach someone on the phone -- or even turn up at a branch -- makes it a lot harder for them to ignore you when there is a major issue that needs resolving. But then, my "traditional" bank has a very good app, and treats me extremely nicely, even when I've had all of a few euros (or less than zero euros) in my account.
- noir_lord 7y agoEven the old school banks have their issues, HSBC and money laundering for cartels comes to mind. Money is power and power corrupts seems to apply too often with this stuff.
- _petronius 7y agoWell, my bank is a co-operative with a corporate duty to invest in social and ecological initiatives, so other models are possible (and successful!).
- briandear 7y agoHSBC laundering money doesn’t affect my current accounts. Not saying that issue isn’t important, but that doesn’t hurt my personal access to funds.
- kweks 7y agoDon't kid yourself. Post cartel scandal, opening an HSBC account transcended difficult to impossible in certain jurisdictions.
- Dirlewanger 7y agoYup. For all their flaws and bureaucratic inertia, big banks still have the largest coffers for providing a well-rounded product. Given how backend vendors like Fiserv can be hacked and have 0 repercussions doled out to them, I simply could never recommend banking with local mom-and-pop banks. Just avoid HSBC and Wells Fargo, and you're good.