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Give written instructions to your bank requiring them know to engage in transactions over a certain amount without a certain set of verification procedures (for
by cascom 5y ago
Give written instructions to your bank requiring them know to engage in transactions over a certain amount without a certain set of verification procedures (for example a call back with a prearranged password for any wire was one that I had with my old bank), and have them acknowledge receipt in writing as well. In the unlikely/unfortunate event that your money is stolen - recouping from the financial institution will be more straightforward if they didn’t follow procedures and you can prove it.
- supernova87a 5y agoWhat typical retail bank allows you to set such kinds of custom procedures?
- BenjiWiebe 5y agoI'm curious about that too, but don't forget you can talk to your banker directly without going through a random commenter on the internet. :) I'm pretty sure my bank won't do that though, since I'm currently mainly using an online-only bank.