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Since it seems this is PNC, I am one of those who now needs to find a new bank. Any recommendations? I used PNC for my checking/credit but already use an ameri

Since it seems this is PNC, I am one of those who now needs to find a new bank. Any recommendations? I used PNC for my checking/credit but already use an american express high yield savings. I was thinking maybe Capital One?

Eric_WVGG 7y ago
no no no that’s just switching from Coke to Pepsi I’ve been using USAA for over ten years now, it's magical. Contrary to popular belief, you don't have to be a service member for it. If I couldn't have USAA I'd look into local credit unions.
- tentboy 7y ago
  If you see my other comment, I don't think I am going to switch right now but it is good to check out alternatives. I am from the DMV area and capital one is huge here and pushes the narrative that they are an elite tech company VERY hard around here with recruiting. I figured they would have the most secure systems out there with the army of SWEs they recruit in this area
Spooky23 7y ago
Why? The compliance requirements don't require hashing (iirc, "commercially reasonable" protection is/was the standard), so you should assume that any other bank is doing the same thing, as they probably are. All that is needed to steal your money is the bank account number, which you probably have mailed out or otherwise provided to numerous random third parties, who process them with other third parties. There's almost no information in there that isn't already available to anyone who cares to look. A more reasonable approach that actually impacts your security would be: - Opt-out of electronic communication and get paper statements and account notifications. (This ensures that you receive notice, in the mail, about changes of address and other changes) - Opt-in to notifications about large transfers or low balances. - Disable Bill Pay features at the bank. - Disable external ACH transfers. - Request wire transfer privileges, which with some banks allows you to get a physical token to secure access to your account. - Use a dedicated PC/iPad/Chromebook/etc for your banking to reduce the risk of malware capturing your banking details. If you're going to switch banks over this, look for a credit union small enough that they use an off the shelf banking solution, and figure out what the default configuration of the solution is.
- tentboy 7y ago
  Thanks for recommendations. I will admit I overreacted when I saw the headline and found out it was PNC. Just not the thing I expected to start my day hearing. I already use 2FA, a unique password only with PNC and alerts on all account activity, including logins. I will look into some of the things you listed!
PascLeRasc 7y ago
I moved from PNC to SoFi a few months ago and I'm very happy with them. ATM fees everywhere are automatically reimbursed and their customer service is fantastic. Make sure if you have a Virtual Wallet account with PNC to manually downgrade it to the lowest tier, and keep $500 in it until you're ready to close the account. It'll charge you $7/month otherwise, more if you're at a higher interest tier currently.
dontbenebby 7y ago
Where are you located? I've had good experiences with Dollar Bank if you're in Pittsburgh.

Eric_WVGG 7y ago

no no no that’s just switching from Coke to Pepsi I’ve been using USAA for over ten years now, it's magical. Contrary to popular belief, you don't have to be a service member for it. If I couldn't have USAA I'd look into local credit unions.

tentboy 7y ago
If you see my other comment, I don't think I am going to switch right now but it is good to check out alternatives. I am from the DMV area and capital one is huge here and pushes the narrative that they are an elite tech company VERY hard around here with recruiting. I figured they would have the most secure systems out there with the army of SWEs they recruit in this area

Spooky23 7y ago

Why? The compliance requirements don't require hashing (iirc, "commercially reasonable" protection is/was the standard), so you should assume that any other bank is doing the same thing, as they probably are. All that is needed to steal your money is the bank account number, which you probably have mailed out or otherwise provided to numerous random third parties, who process them with other third parties. There's almost no information in there that isn't already available to anyone who cares to look. A more reasonable approach that actually impacts your security would be: - Opt-out of electronic communication and get paper statements and account notifications. (This ensures that you receive notice, in the mail, about changes of address and other changes) - Opt-in to notifications about large transfers or low balances. - Disable Bill Pay features at the bank. - Disable external ACH transfers. - Request wire transfer privileges, which with some banks allows you to get a physical token to secure access to your account. - Use a dedicated PC/iPad/Chromebook/etc for your banking to reduce the risk of malware capturing your banking details. If you're going to switch banks over this, look for a credit union small enough that they use an off the shelf banking solution, and figure out what the default configuration of the solution is.

tentboy 7y ago
Thanks for recommendations. I will admit I overreacted when I saw the headline and found out it was PNC. Just not the thing I expected to start my day hearing. I already use 2FA, a unique password only with PNC and alerts on all account activity, including logins. I will look into some of the things you listed!

PascLeRasc 7y ago

I moved from PNC to SoFi a few months ago and I'm very happy with them. ATM fees everywhere are automatically reimbursed and their customer service is fantastic. Make sure if you have a Virtual Wallet account with PNC to manually downgrade it to the lowest tier, and keep $500 in it until you're ready to close the account. It'll charge you $7/month otherwise, more if you're at a higher interest tier currently.

dontbenebby 7y ago

Where are you located? I've had good experiences with Dollar Bank if you're in Pittsburgh.