5 ms·
Banks do stuff like this all the time - they are always the long tail of security - could be a topic in itself. I contemplated this for a very long time and dec
by zxcvbn4038 5y ago
Banks do stuff like this all the time - they are always the long tail of security - could be a topic in itself. I contemplated this for a very long time and decided that JP Morgan would rather take the hit for bad security then pay wages and benefits to support people to deal with password resets, lost yubikeys, etc. No other answer makes sense.
My advise to OP is to dump Chase, Citibank, Bank Of America, ASAP. Move your money to one of the millennial focused banks, or an ETrade checking account.
The big banks hate you, they think your stupid, offering you retail banking services is the bane of their existence. They are going to knock you over with $40 fees because you SHOULD pay them to put up with you — at least that is how they see it.
There are much better options these days, just search for zero fee checking.
- coredog64 5y agoETrade is now a subsidiary of Morgan Stanley. While MS is only half the size of JPMC, they’re not really a small bank. (Wikipedia isn’t up to date BTW. Even before the Etrade they had over $1T in AUM)
- nynx 5y agoAny suggestions?
- bubblethink 5y agoGet a schwab account. No fees, fee ATM worldwide, and TOTP.
- c-swa 5y agoUnfortunately can’t change loan providers, as my auto loan when was financed through the dealer ended up at Jp Morgan & Chase.
- JshWright 5y agoYou definitely can do that, if you want to. Refinancing a loan is not especially complicated.
- voakbasda 5y agoAnd pay all those expenses to have the note bought up by one of the same large banks? Selling debt is a very common practice.
- JshWright 5y agoPersonally, I use a local credit union that doesn't sell their loans (there are several CU's and regional banks in my area that make that commitment).
- passivate 5y agoFrom what I've seen CUs are not competitive with the big banks for jumbo loans. I got a significantly worse interest rate on my home loan with the CUs compared to BOFA (who I ended up going with).
- lupire 5y agoWhy do you use a website for your loan? Autopay and never talk to them again until closeout.
- krolden 5y agoOr better yet, use a credit union.