brisknomad6 said:I've been trying to use my local bank's online portal... The setup was a nightmare, and getting anyone on the phone was even worse—just endless busy signals and hold music. Once I finally got everything running and tried to move some money, the server kept crashing. Transfers get stuck in limbo, and they don't even honor the original transaction date when they finally process them...
Now, because of one of those delayed transfers, I'm in a massive hole... If you pay a cell phone bill a day late, who cares? But what happens when you have a strict, legally mandated deadline and the bank sits on your funds until the next day, causing you to miss it? Everything falls apart.😠
It’s true. Even here, moving money to an outside account takes at least a full business day. It’s honestly ridiculous considering how much computing power exists and how few major banks there actually are. They probably just pocket the interest and call it a day.
If you rely on them for business, you might want to draft a contract with the bank so there's actual accountability when they screw up.
I’m no economist, but it all feels like a scheme to squeeze a few more bucks out of paradise. What’s really the difference between paying for a highway through taxes or just paying a toll? It just shifts the burden onto the people actually driving on it. But what happens when we start building hospitals the same way? Who ends up footing the bill for those private investors' profits?
Is it just me, or does it seem like the government pays a lower interest rate on its debt than what private investors demand for their returns?
I got my license at seventeen and haven't had a single issue since. I’ve put tens of thousands of miles on the road and haven't been in one accident—at least not one where they actually caught me 😁.!!!!!
I’m with crimsonjackal8 on this one. It might not be as cut and dry as chemistry, biology, or physics, but it still relies on legitimate methods, doesn't it?
I run this tiny little group—just four members, though only two are actually active. I’ll probably recruit a third once I track them down and talk them into joining 😁.
It’s called Xnet if anyone cares; feel free to join 🙂. It doesn't really matter what we do, but it's better than being on your own, isn't it? 🙂
Right now, there's probably some keylogger tracking every single thing you type. Not to mention, intercepting your connection isn't exactly rocket science either.
Once they have your login, they've got your account number too. Honestly, the odds of losing your physical card are slim, and once you realize something is wrong, you can just freeze everything instantly.
But if someone snatches your PIN or your credentials online? You won't even know it happened until it's too late.
If you want an insurance payout, you actually have to prove someone else was behind the transaction.
Your PIN and other static info are easy enough to scrape, leaving you with zero proof that it wasn't you. If the logs show you logged in using your own PIN, what are you going to do?
If the bank itself gets hacked, that's one thing—that's visible. But in cases like this, there's basically no way to distinguish between legitimate access and a fraudster.
I’m not saying the tech is bad, just that it's redundant. I’m sure big banks like Wells Fargo have looked into deploying this kind of hardware, but the math probably didn't add up. Since all deposits in the US are FDIC-insured up to $250k, why bother with these extra precautions? If I had more than that, I’d just spread the cash across different accounts so there's nothing left to lose.
Sure, but how are you actually going to prove someone swiped your funds if they logged in using your own PIN?? It might work on paper, but I highly doubt it’s that easy in the real world.
It’s the same monthly subscription model here. It's free for me since I'm a student, but otherwise, it runs about... $67So then you just do whatever you want and charge whatever you feel like?
The logic regarding stocks that Jacob Wilson50 laid out still holds up. It’s a pricey way to play it, though—it isn't the bank itself taking the cut, but rather the administrators running the whole show. Is anyone actually surprised?
It works just like any other computer, and it’s a hell of a lot more secure than relying on a basic PIN. Not that anyone actually cares about that sort of thing.
Eric Newman65 I don't know how things work here in the States, but over at my bank... It’s just not allowed. The law says they can just fix the transaction if they spot an error—though how exactly they catch those mistakes is anyone's guess. At the end of the day, you’re the one who has to settle things with whoever received the funds by mistake. Personally, I always double-check the recipient name after entering the account number; seeing the company name pop up makes it a lot harder to miss a typo.
They charge 😢. Around here, banks have always been predatory, but since you don't really have an alternative—they're all cut from the same cloth—you just deal with it.
And they can pretty much do whatever they want.
Checking account stuff
Wire transfers and payments (not international, if I recall correctly)
Everything related to loans (except the massive ones like mortgages)
Stock trading
Mutual fund trading
Retirement accounts (the private ones, not government programs)
Opening accounts and getting cards
I think that covers it. (Not that there's much else worth doing at a bank anyway 🙂 )
I use the same setup, though I have a card with one-time codes from NordVPN. It feels secure enough for me. Besides, I don't have enough cash for it to even matter much. 😁
As for practicality, it just irritates me when they charge you a fee just to do their own job for them. 😢
When it comes to actual security, though, I’m way more worried about my credit card.
Ethan Williams5 said:Oh, here we go with that "wise" logic: it could never happen to me 😁
Not really, though I suppose intelligence helps. The reality is just a gut feeling that capitalism is going to wreck us all along with the entire planet, while AIDS isn't even a close second.