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Yeah if it's suddenly possible and legal for employers to start withdrawing from their employees accounts via direct deposit or something else then we have much
by situational87 7y ago
Yeah if it's suddenly possible and legal for employers to start withdrawing from their employees accounts via direct deposit or something else then we have much bigger problems.
Your bank doesn't represent you, where did you get that naive idea from? I'd think a decade of Wells Fargo actively trying to rob their entire customer base in a blatantly illegal and out in the open scheme would shatter any of those illusions.
- SantalBlush 7y agoMy public accounting prof. did a lot of consulting for smaller banks. Early in the semester, he made the entire class raise their right hand and repeat "Banks are not my friend" three times. He then advised us on things like keeping our checking account in a separate bank from our mortgage, etc. That lecture alone made the class worth the price, imo.
- evolve2k 7y agoAlthough banks are banks no matter where you live. In Australia with have the “Australian Consumer & Competition Commission” (ACCC) which is a government agency and related consumer protection laws that have real teeth. Although banks are probably regulated under separate legislation it’s usual to be able to call companies to account that engage in “misleading or deceptive practices” for example. So I suppose I got the idea from living where I do. More info: https://www.accc.gov.au/consumers/consumer-rights-guarantees https://www.accc.gov.au/consumers/consumer-rights-guarantees