Posts by Jessica Nelson4

A woman will never truly reach her full potential in this life unless she shares a deep, committed, long-term bond with a man.

😁

I sent this over to my wife earlier today—just wanted to share the sentiment, thanks! <3

Thanks, I caught that one too... I haven't checked out the slate for today just yet, but in my opinion, that was an absolutely stellar pick.

Drew Castillo5 said:My bank has been badgering me for my ID for a month now regarding a deposit, and today they had the audacity to demand my Mastercard details for a simple transfer. It’s becoming quite an annoyance.

Are you kidding me? To make a deposit like that, you generally have to be a CEO or hold some kind of special authorization. Honestly, even you would find yourself needing to show ID for all of that anyway.🙏

I’ve honestly never run into any issues with online banking at Chase, whether I’m managing my personal accounts or my business ones. If anything, the only thing that really bugs me is when I’m sending a few thousand dollars to someone from my business account and have to manually add them to my approved payees list; otherwise, I could probably transfer millions without a second thought, and the bank wouldn't care one bit 😬

Thomas Long10 said:Don't have the bandwidth to dig through this entire thread. Does anyone know if the IRS is going to come sniffing around if I deposit 10 $0.00 into my checking account?

It shouldn't be an issue at all; just this past month, I moved about 20k through my and my wife's joint checking account, even though we typically cycle our entire salary through there two or three times a month, and since they haven't reached out to us in over a year, I assume we're in the clear.😁

Nathan Morris3 said:I was just responding to what you said about how if Wells Fargo or the Federal Reserve asks the same question, you'd probably just close your account there too. It sounded kind of hopeless to me, maybe like encouraging people to give up. Tell me if I'm misreading it, but that's just how it came across, sorry.

I get why you're trying, I really do, but I'm worried it won't actually matter.

To be honest, it probably will matter. But I guess I just don't want us to be discouraged by being called "funny."
When we finally realize everything has gone south and we've lost control over our own lives—like our cash or privacy—I just want to know I at least tried to do something about it.
I mean, honestly, watching us switch banks might be entertaining for you, but it's just as amusing for me to read bank arguments when you call them out on laws that say the exact opposite of what they claim. It gets a bit sad when you realize none of it changes the outcome. At least things are better now that Rhode Island is part of the European Union, since there are more layers of oversight to make sure laws are actually followed.

Not everyone on this forum takes things as seriously as Biden does. I certainly didn't mean any offense toward Laura Chavez93 (though I have to say, I really dig her username 😁)...

Nathan Morris3 said:I was just responding to what you said about how if Wells Fargo or the Federal Reserve asks the same question, you'd probably just close your account there too. It sounded kind of hopeless to me, maybe like encouraging people to give up. Tell me if I'm misreading it, but that's just how it came across, sorry.

I get why you're trying, I really do, but I'm worried it won't actually matter.

To be honest, it probably will matter. But I guess I just don't want us to be discouraged by being called "funny."
When we finally realize everything has gone south and we've lost control over our own lives—like our cash or privacy—I just want to know I at least tried to do something about it.
I mean, honestly, watching us switch banks might be entertaining for you, but it's just as amusing for me to read bank arguments when you call them out on laws that say the exact opposite of what they claim. It gets a bit sad when you realize none of it changes the outcome. At least things are better now that Rhode Island is part of the European Union, since there are more layers of oversight to make sure laws are actually followed.

Oh, come on now, there's no need to take offense. I sometimes feel like we're living in an overly sensitive world, so please, try to take a joke once in a while... if my posts truly discourage you that much, then I genuinely feel for you. You've latched onto one specific sentence of mine, and now we're stuck in a loop that's just cluttering up this thread. I actually find it quite heartening to see everyone fighting the good fight, and yes, it is entertaining for me. It's similar to how I enjoy the occasional struggle against some blowhards, but well, that's just how life goes 🙂

...well, it certainly seems possible 😬

Nathan Morris3 said:Well, it's funny to you that we switch banks when we don't like how they treat us. But I guess it's even funnier that you probably wouldn't switch banks if you were unhappy with their service. And where did you get the idea that everyone asks the same things? You mentioned it's "likely they'll ask elsewhere." Maybe, maybe not, but there's not much of a stand there if you just accept it. Besides, we talked about this before—not everyone asks. I had pretty decent experiences with JP Morgan Chase, Wells Fargo, and even the FAA (at least regarding this). Citigroup and Bank of America were pretty bad. So, instead of making fun of our methods—which might even be a little Gandhi-esque—maybe try doing something small yourself instead of just being part of the crowd that gets used to injustice. Tell us, how do you "question" this kind of banking behavior? Do you write formal complaints or report them? If you've gotten any responses, maybe share them with us.

I guess not everyone understands the laws as well as I do, but that "why even bother?" attitude makes me feel a bit sick, because it doesn't help anyone.

I had a bit of a run-in with some staff over at Bank of America recently, which was honestly quite a headache. There was this one instance where I let about fifteen dollars slide during a transaction, and things just seemed to spiral from there. $0.00 I sat down at the counter and they basically told me that they’ll just handle things however they see fit now because people are being so difficult, which was quite a bold move on their part—so naturally, they gave me a call later to smooth things over. It’s funny you mention that, because in my neck of the woods, if I recall correctly, there are about four Bank of America branches nearby, and I’ve actually started noticing a bit of a pattern where they seem to shuffle all the customers who had issues at one location over to a specific branch just to get them out of the way. 🙏

Nathan Morris3 said:Well, it's funny to you that we switch banks when we don't like how they treat us. But I guess it's even funnier that you probably wouldn't switch banks if you were unhappy with their service. And where did you get the idea that everyone asks the same things? You mentioned it's "likely they'll ask elsewhere." Maybe, maybe not, but there's not much of a stand there if you just accept it. Besides, we talked about this before—not everyone asks. I had pretty decent experiences with JP Morgan Chase, Wells Fargo, and even the FAA (at least regarding this). Citigroup and Bank of America were pretty bad. So, instead of making fun of our methods—which might even be a little Gandhi-esque—maybe try doing something small yourself instead of just being part of the crowd that gets used to injustice. Tell us, how do you "question" this kind of banking behavior? Do you write formal complaints or report them? If you've gotten any responses, maybe share them with us.

I guess not everyone understands the laws as well as I do, but that "why even bother?" attitude makes me feel a bit sick, because it doesn't help anyone.

Why even pose the question when you end up providing your own answer by the third sentence? It’s a bit circular, isn't it? Whether they actually want to or not is anyone's guess, which is exactly why I phrased my post as "it's highly possible" rather than making a definitive claim that it's a certainty.

Nathan Morris3 said:Well, it's funny to you that we switch banks when we don't like how they treat us. But I guess it's even funnier that you probably wouldn't switch banks if you were unhappy with their service. And where did you get the idea that everyone asks the same things? You mentioned it's "likely they'll ask elsewhere." Maybe, maybe not, but there's not much of a stand there if you just accept it. Besides, we talked about this before—not everyone asks. I had pretty decent experiences with JP Morgan Chase, Wells Fargo, and even the FAA (at least regarding this). Citigroup and Bank of America were pretty bad. So, instead of making fun of our methods—which might even be a little Gandhi-esque—maybe try doing something small yourself instead of just being part of the crowd that gets used to injustice. Tell us, how do you "question" this kind of banking behavior? Do you write formal complaints or report them? If you've gotten any responses, maybe share them with us.

I guess not everyone understands the laws as well as I do, but that "why even bother?" attitude makes me feel a bit sick, because it doesn't help anyone.

I’m certainly not making fun of anyone here. It honestly feels like there's a widespread lack of reading comprehension lately, almost as if we're all suffering from some sort of new-age internet syndrome where people only skim the surface. I simply mentioned that I found the situation amusing or entertaining to read, but that was never my intention to mock or ridicule anyone.

Nathan Morris3 said:Well, it's funny to you that we switch banks when we don't like how they treat us. But I guess it's even funnier that you probably wouldn't switch banks if you were unhappy with their service. And where did you get the idea that everyone asks the same things? You mentioned it's "likely they'll ask elsewhere." Maybe, maybe not, but there's not much of a stand there if you just accept it. Besides, we talked about this before—not everyone asks. I had pretty decent experiences with JP Morgan Chase, Wells Fargo, and even the FAA (at least regarding this). Citigroup and Bank of America were pretty bad. So, instead of making fun of our methods—which might even be a little Gandhi-esque—maybe try doing something small yourself instead of just being part of the crowd that gets used to injustice. Tell us, how do you "question" this kind of banking behavior? Do you write formal complaints or report them? If you've gotten any responses, maybe share them with us.

I guess not everyone understands the laws as well as I do, but that "why even bother?" attitude makes me feel a bit sick, because it doesn't help anyone.

I already posted my thoughts above, where I went ahead and put down 15. $0.00 I walked up to the counter and simply told them they’d have to figure it out on their own. Honestly, if they were struggling with their own internal processes, that wasn't my burden to bear, though I did end up heading back once they gave me a call to get everything squared away. In this particular instance, the friction arose because I refused to sign a manual ledger detailing exactly how much cash I was depositing and to whom. I had been consistently using my business account and providing my signature on the standard deposit slips, but the teller insisted that wasn't the case. I calmly suggested she take a quick look at the last few million dollars in transactions, which clearly showed a history of consistent deposits, yet she still tried to argue that I must have been filling out those extra forms every single time. I just looked her in the eye, told her they'd need to handle it themselves, and walked out. They realized their mistake relatively quickly, called me, and by the time I returned, the whole situation was perfectly resolved.

I recall an instance when I first opened a currency exchange bureau, and a clerk there told me quite candidly, "I'm new here; this is my first time working at an exchange." Fast forward a few months—though I don't visit that particular branch very often—and she suddenly returns acting as if she were the ultimate authority on currency exchanges, even though the poor woman couldn't even count cash properly.

The only inquiries I ever faced were things like whether I was a U.S. citizen or if I had any interest in moving funds into their investment vehicles. My answer was always a polite, "No, thank you." At one point, I had about $2,500 sitting there, so I decided to withdraw it all; I simply didn't want to deal with waiting a full business day just to access my own money when I needed it.

Nathan Morris3 said:Well, it's funny to you that we switch banks when we don't like how they treat us. But I guess it's even funnier that you probably wouldn't switch banks if you were unhappy with their service. And where did you get the idea that everyone asks the same things? You mentioned it's "likely they'll ask elsewhere." Maybe, maybe not, but there's not much of a stand there if you just accept it. Besides, we talked about this before—not everyone asks. I had pretty decent experiences with JP Morgan Chase, Wells Fargo, and even the FAA (at least regarding this). Citigroup and Bank of America were pretty bad. So, instead of making fun of our methods—which might even be a little Gandhi-esque—maybe try doing something small yourself instead of just being part of the crowd that gets used to injustice. Tell us, how do you "question" this kind of banking behavior? Do you write formal complaints or report them? If you've gotten any responses, maybe share them with us.

I guess not everyone understands the laws as well as I do, but that "why even bother?" attitude makes me feel a bit sick, because it doesn't help anyone.

I truly do understand why you're putting in the effort, but I can't help feeling a bit skeptical about whether it will actually make a difference, mostly because I suspect the banks don't actually crave all this data themselves; they probably just received a directive from above and honestly couldn't care less.

🙂
By the way, what is going on with the posts in this section lately? It seems like people get a little too worked up and immediately turn aggressive toward one another. I think I'll go read a more relaxed thread instead.🕺

Nathan Morris3 said:What part isn't right? The part where all banks ask these nonsense questions. The only right thing to do is switch banks and take it up with the Federal Reserve, the FTC, the bank itself, and spread the word... I see you're criticizing us who complain and switch banks—basically, those of us doing the questioning. Now you say we need to question things, but you think it's "funny to quote how we flee from such banks." I guess you don't get our way of fighting back, or maybe you think your method of "questioning" is better. I haven't figured out what your method actually is yet, so please, share it with us.

Unfortunately, I guess ethical banks can't really afford lawyers who would fight the system in such a confrontational way, so you shouldn't expect much there. Compliance is just so demanding that a lot of places take the path of least resistance. From what I know, many of our banks basically just used a KYC template from PwC, took the easy way out, and just don't care about this stuff. I don't think there's any direct malice behind it, just maybe some lack of interest in protecting personal data.

I bolded that part because it was my response to your claim that "all banks ask the same questions," implying there's no point in questioning them if they all act the same way. On the contrary, we absolutely need to question it. Of course, I find it amusing to read about someone switching banks over specific questions, especially when it's highly likely they'll face the exact same inquiries elsewhere. If I were seeing someone moving fifty thousand dollars a month—who knows, maybe they are—it would be a different story, but since the IRS now has visibility into checking accounts, it feels somewhat futile. I certainly understand your way of fighting back, though I have my doubts about whether it will truly yield results. I sincerely hope it does, because you are standing up for something morally sound. My amusement is a separate matter, as I'm currently dealing with much larger headaches because of this whole mess. For instance, they're asking me if I'm an American citizen or not, and honestly, I really care.

Nathan Morris3 said:I remember this situation from maybe 10 or 15 years ago. I saw a T-Mobile ad promising free minutes and stuff like that. So I go to buy a SIM card, and the guy at the counter tells me the ad isn't totally accurate because the first minute actually costs money (some kind of "connection fee"), and only the minutes after that are free. Naturally, I immediately filed a complaint with HackerOne, saying the ad was misleading and all that. HackerOne's response was basically: "It's allowed to use ads like that because everyone does it, and people just assume the first minute isn't included."

So, it happens because they tolerate individuals who don't really question anything, and because the competition happily adopts these same shady tactics (maybe even with a handshake deal). The result is that you end up with something that is technically against the law, but it's become so standard that you don't even have the tools to fix the broken Mississippi anymore. I don't know if it's allowed in other European Union countries, but in Austria, they definitely banned that kind of advertising for free minutes.

The idea you're suggesting—that since "all banks ask the same questions," we shouldn't bother questioning them—seems pretty destructive and almost anarchic, I guess. You have to wonder where that leads. Does nobody actually care if banks (whether it's one or all of them) are doing something potentially illegal? Civil resistance, even if it's just passive, seems to be the only thing left for people, but it looks like many are trying to kill that off too. I don't really get what the interest is or who benefits from silencing those of us providing this kind of resistance or activism. From what I can see, we aren't hurting anyone.

That isn't quite right. While there is certainly room for further scrutiny, what I find truly amusing is how someone might jump ship from one bank to another, only to ditch the second one just as quickly if they try to follow suit. If that pattern continues, we could easily reach a point within two years where they are forced to finally commit to a single institution, even if the selection process involves some rather pointed questions—perhaps even ethical ones. 🎉

Laura Chavez93 said:👍
It is quite curious... these people claim to have no issues with banks, yet they descend upon a thread specifically discussing banking matters just to insist the topic is trivial... if the roles were reversed and they were the ones being targeted, I suspect they would launch twenty different threads online, start a Facebook group, call every journalist in town to write exposés, and stage protests with signs right outside the doors of Wells Fargo🙂

Yeah, you're absolutely right. At the end of the day, we’re all just folks hanging out on an internet forum. Some of us just sit back and read without ever typing a word, and others have been doing the exact same thing for years. A few of us even deal with banking institutions constantly, both personally and professionally. Honestly, I find it quite amusing to imagine someone walking into a Wells Fargo or even asking the Federal Reserve the same questions—you’d probably find your account closed there too. Like someone once pointed out, it’s a full cycle; eventually, it’s bound to happen.🍿

Laura Chavez93 said:I decided to head to the first major bank I could find nearby—one with a solid network of ATMs across the city and the rest of the states... and if Bank of America starts giving me any trouble
I’ll just move my funds over to another institution and close everything out, much like I did with Wells Fargo... ☕

I truly wish I had that much free time in my life....🙂

As for compensation, 😁

Michael Morgan5 said:And why would that be an issue?
The woman is just giving you the lowdown on what the bank’s official policy is without making you wait in some endless line at Chase.

I couldn't agree more! 👏

feraljackal2 said:U.S. Bank? 😁

When you step back and look at it, Citigroup really is one of the better options—their entry-level staff is actually quite well-trained, though perhaps I just caught them on a good day.

It really depends, you likely just caught them on a good day. 🙏I’ve been banking with Citigroup for a few years now for my business needs, and I was honestly on the verge of moving everything over to JPMorgan Chase or Capital One because of some incredibly frustrating little hiccups... I eventually realized that the local branch here in my city tends to staff almost everyone who isn't particularly capable, so most of the business clients I know actively avoid that specific location in favor of the others.

wiredlynx28 said:No one can predict exactly what’s going to be under scrutiny; we'll just have to wait and see.
The word is they’re planning to audit anything that looks even slightly suspicious, regardless of the dollar amount involved.
Basically, they’re hunting for unpaid taxes above all else, specifically targeting any transactions or deposits that don't align with a person's reported income.
Take a simple example: if someone earns $50,000 a year but their bank statements show $100,000 flowing through their accounts, the IRS is obviously going to ask where that extra $50,000 came from. It's that kind of math.

But why should that be a problem? I personally find myself moving more money through my accounts than my actual paycheck several times a month. Between using our savings, managing household expenses with my wife, or even just lending a little cash to a friend, the numbers fluctuate quite a bit. Sometimes I'll even send $1333 some funds to a buddy via my account just so he can play a hand at the casino online. Why would the IRS need to come knocking on my door every single month over that?

electricbadger89 said:I’m not talking about a salary here. It’s more like my boyfriend sends money to my account every month—sometimes $100, sometimes more, depending on what's needed. I also send money to my mom to help her out with hers and stuff. What’s the deal with that?
Who is actually going to stop me from sending or receiving money that isn't strictly earned income?

And why should I care about the IRS over this?

From Apple iPhone 15

My wife and I frequently transfer around $1667 every month, usually with funny little memos attached, ranging from "Paying you because you absolutely crushed me in a game of Pokémon" to "Covering the utilities since I'm feeling generous"... I really hope someone reading this gets a little chuckle out of that story. 🙂🕺

Nathan Morris3 said:I think I only mentioned PayPal as an example, maybe. As far as I know, you don't even strictly need a credit card; you could just link a bank account or load money directly onto the PayPal balance. Personally, I use a Prepaid card, which I suppose anyone could get regardless of their situation. But I was really talking about receiving payments, not sending them. Even now, technology exists where a tourist can just walk up to a local newsstand, grab some tissues, and pay contactless. Requiring credit cards seems like overkill, since then a small street vendor would have to sign all these contracts with major banks, and I'd imagine the risk is higher too.

Sent from my Nexus 5 with Tapatalk

Since I actually own a small convenience store, let me tell you—if you let someone buy a newspaper with a credit card... you might actually end up losing money on the sale after the fees kick in. 👏

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fadedsailor17 said:it honestly doesn't look quite like that on my phone

I wonder if Reddit is acting up too, isn't it?