3 ms·

Until the alternatives pull themselves out of the centralized system. That’s also their _choice._

• withinboredom 4y ago
  Consumers switch banks all the time…
  • jackson1442 4y ago
    Doesn’t make it any less of a shit user experience. Last time I switched banks they lost my initial deposit - more than half of my cash - and my balance was -$deposit. Took hours of phone calls and (multiple!) branch visits to resolve because the sending bank wouldn’t pick up the phone. One of my most stressful experiences, financially.
    • withinboredom 4y ago
      That sounds like an outlier experience. I’ve used dozens of banks over my lifetime and never had a bad experience except this one time the teller accidentally added a few dozen zeros to a check I deposited.
      • jackson1442 4y ago
        It may be an outlier, but consumers are especially vulnerable to issues like this while switching banks. One small hiccup can make you lose a very large % of your cash on hand, since usually you aren't working with >= 50% of your funds on a daily basis.