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If you're reading this and you're still choosing to bank with such a corrupt entity... why?

by soupfordummies 3y ago

deleted 3y ago
[deleted]
liveoneggs 3y ago
They have tons of branches and ATM?
- a_subsystem 3y ago
  Not sure why you're being downvoted. This is literally the only reason a relative of mine uses them.
- NoZebra120vClip 3y ago
  I believe that the days of ATMs, and branches, are numbered.
- OkayPhysicist 3y ago
  Do most banks/credit unions not refund ATM fees? Mine has for ages, up to some absurd amount per month. It's like every ATM is my ATM.
hedgehog 3y ago
Breadth of services that are somewhat integrated and available via the web. I've had some fairly negative experiences with them over the years but I haven't figured out a good replacement.
- JohnFen 3y ago
  Even Chase is a better choice.
claytongulick 3y ago
Mostly momentum for me. I have a checking account with them that's been active since the early 90's. Lots of bill pay stuff, and automated transfers and such that I really don't feel like mucking with getting transferred somewhere else. Also, I know this hasn't been other's experience, but they've been pretty excellent for me to deal with over the years. Their online banking works well, and customer support has been great. I'm not thrilled with some of the nonsense fees I've seen crop up, but a phone call has gotten them reversed. Based on their public earnings statement [1] they're financially strong, with almost 5 billion in net income in q2, with a 4B stock buyback. This is another thing I like about them, they are very fiscally conservative - they were one of the few banks that didn't take bailout money in '08. I see the news articles and stuff, but I tend to ignore those things. I've seen so many coordinated media attack campaigns, that I just don't trust it anymore. I'll never forget the fiasco of the coordinated attack campaign against Tesla that turned out to be backed by billionaires that took a short position against Tesla stock. Especially with financial sector stuff, I don't understand what sorts of powerful hidden forces are set out to influence my perception. So I have to base my decisions on my personal experience, which over the past 30 years has been generally pretty good, at least as good as what I've experienced at other banks. [1] https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/earnings/second-quarter-2023-earnings.pdf https://www08.wellsfargomedia.com/assets/pdf/about/investor-...

If you're reading this and you're still choosing to bank with such a corrupt entity... why?

deleted 3y ago

[deleted]

liveoneggs 3y ago

They have tons of branches and ATM?

a_subsystem 3y ago
Not sure why you're being downvoted. This is literally the only reason a relative of mine uses them.
NoZebra120vClip 3y ago
I believe that the days of ATMs, and branches, are numbered.
OkayPhysicist 3y ago
Do most banks/credit unions not refund ATM fees? Mine has for ages, up to some absurd amount per month. It's like every ATM is my ATM.

hedgehog 3y ago

Breadth of services that are somewhat integrated and available via the web. I've had some fairly negative experiences with them over the years but I haven't figured out a good replacement.

JohnFen 3y ago
Even Chase is a better choice.

claytongulick 3y ago

Mostly momentum for me. I have a checking account with them that's been active since the early 90's. Lots of bill pay stuff, and automated transfers and such that I really don't feel like mucking with getting transferred somewhere else. Also, I know this hasn't been other's experience, but they've been pretty excellent for me to deal with over the years. Their online banking works well, and customer support has been great. I'm not thrilled with some of the nonsense fees I've seen crop up, but a phone call has gotten them reversed. Based on their public earnings statement [1] they're financially strong, with almost 5 billion in net income in q2, with a 4B stock buyback. This is another thing I like about them, they are very fiscally conservative - they were one of the few banks that didn't take bailout money in '08. I see the news articles and stuff, but I tend to ignore those things. I've seen so many coordinated media attack campaigns, that I just don't trust it anymore. I'll never forget the fiasco of the coordinated attack campaign against Tesla that turned out to be backed by billionaires that took a short position against Tesla stock. Especially with financial sector stuff, I don't understand what sorts of powerful hidden forces are set out to influence my perception. So I have to base my decisions on my personal experience, which over the past 30 years has been generally pretty good, at least as good as what I've experienced at other banks. [1] https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/earnings/second-quarter-2023-earnings.pdf https://www08.wellsfargomedia.com/assets/pdf/about/investor-...