Nathan Morris3 said:... so I looked over the questionnaire, and yeah, there are questions they technically don't even need to ask by law. I just don't get why you're trying to convince us otherwise when we all have the internet and can just look up the law ourselves to see what's actually required. I'm guessing you aren't in banking, but maybe check with a pro to see where in the Law/regulations/international treaties/guidelines/... it says they can ask about someone's total income.
"ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT" "GUIDELINES FOR IMPLEMENTING THE ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT FOR ENTITIES UNDER THE JURISDICTION OF THE U.S. FINANCIAL REGULATORS" "Agreement between the government of the United States of America and the government of the Republic of America to Improve Microsoft International tax Compliance and to Implement FATCA"
I read everything—nothing changed in the Act, so I'm not sure why you're insisting the Law is wrong, or like there's some higher authority than domestic and international laws???
Just to repeat: per the Law, the bank is only supposed to ask for the "source of funds or assets that are or will be the subject of the business relationship or transaction" (Article 16. Section 10). The question on this form is totally different, and banks are basically trying to grab info on every single bit of income a citizen has, even stuff that has nothing to do with their transactions. There's a huge difference between those two things, I guess.
Guys: maybe file a complaint with the FTC, and tell the bank to show you the specific Article and Section of the Law that lets them demand your income details.
But you don't actually have to answer the question about other income!
Works like a charm! You buy what you need and just pay a minimum of 4 or 5% monthly, though you can always throw down more. Interest kicks in on whatever balance is left, and if you go over your revolving limit, expect that hit on your next bill immediately. Installment plans? Those have to be paid on schedule—no double delays allowed here.
Lawrence Alvarez2 said:That's just not true if you're looking for a card specifically for something like PayPal; you'd have to open a whole new account for that! And obviously, I need a card... I mean, how else am I supposed to grab cash when I'm traveling?
All you need is one card. You get paid out in whatever local currency the ATM uses, and your account just gets charged in whatever currency is on the card. Simple enough?
That’s not right. At JPMorgan Chase, you only need one foreign currency account because it can hold multiple currencies at once. That means they only hit you with the fee once—usually in whatever currency the card was issued in, which is most often USD.
Here we go again, another classic glitch just like the last update. They pushed out the latest version of the mobile banking app, but now the old PIN is useless and you’re forced to request a full reactivation from scratch. If you use the online portal, it’s a minor headache, but if you don't? Yeah, you're in for a much bigger mess.
Everything you need to know about checking accounts is HERE The monthly maintenance fee is $2.25. If you're one of those $2.75 types, just call Chase at 1-800-365-365 on Monday
Yeah, I went ahead and redistributed my new keys and activated the updated mobile banking app, but besides checking my transaction history, the whole thing is basically a brick—just throwing constant system errors at me. BTW, I pretty much did everything without needing this guide, except I didn't close out the app first. I'll give that a shot again. EDIT: In the meantime, an alert popped up on my phone, similar to a notification from Meta. Looks like it’s actually working now, at least for the stuff I actually use.
I ended up nuking the app and reinstalling it. At least now it’s actually asking for activation parameters, though I can't request them just yet. We'll see what happens later this afternoon or tonight. PS Looks like this belongs in that thread about "how JPMorgan Chase manages to lose customers so fast?"👎
It’s not exactly e-banking, more like mobile banking, but still: Yesterday I got a notification saying a new version of the mobile app would be ready sometime today. They even included a link to installation instructions since it's apparently "something special." The new version hit the Apple Store today, though it claims it was released on February 2nd, 2014!? Now those instructions have vanished. I started the update, so now I'm just sitting here waiting to see what happens... So, the app installed fine, but it won't accept my current PIN, and it isn't asking for any setup info either. What am I supposed to do now?
I’ve been with my bank for over 25 years, and yet, they just had the nerve to ask me yesterday—during an actual meeting with my personal banker—what my most common transaction types are and what my typical maximum spending limit looks like. Isn't the first part a bit redundant since it’s all right there in their own system? Honestly, though, giving them a heads-up on expected high-value transactions actually makes sense; wouldn't that make spotting and proving fraud way faster?