Nosy banks

wiredlynx28 said:What does Chase have to do with this? 🤣

Explain to me how, why, and based on what specific reasoning my previous point is incorrect. Argue your position. I know exactly where my facts are coming from, so I'm genuinely curious about the basis for your claim that I'm wrong.👍

I guess that's the thing. Saying "if banks lie or manipulate you, just switch to a different one" basically sounds like telling people not to complain or demand that laws actually be followed. And, well, I think a lot of folks are just totally fed up with banks acting this way and lying to their customers.

It might be fine with you if banks in the US act the way they do, but please let us—those of us who don't have as much wiggle room—try to do something about it.

Is it really such a huge ordeal to lose a few minutes and just fill out that survey—even with all its silly questions? Is it truly easier to spend hours venting and taking it out on a forum, bragging about how much you can lash out at an innocent customer service rep who isn't even allowed to argue back? Then that employee goes home and vents to her husband—who then takes it out on his subordinate at work—and that colleague eventually snaps at a teller at Chase. We end up with this endless cycle of bitter, frustrated Americans making life in this country feel just a little more unbearable every day.

I don't personally believe the bank is going to close a client's account (though, let's face it, anything is possible), but there is a very real chance they'll just label us as idiots. Most idiots in this country won't even care—since they aren't planning on ever using major US banks or doing business with them anyway—because, for them, the real thrill is just being able to trash a service worker.

feraljackal2 said:Is it really such a huge ordeal to lose a few minutes and just fill out that survey—even with all its silly questions? Is it truly easier to spend hours venting and taking it out on a forum, bragging about how much you can lash out at an innocent customer service rep who isn't even allowed to argue back? Then that employee goes home and vents to her husband—who then takes it out on his subordinate at work—and that colleague eventually snaps at a teller at Chase. We end up with this endless cycle of bitter, frustrated Americans making life in this country feel just a little more unbearable every day.

I don't personally believe the bank is going to close a client's account (though, let's face it, anything is possible), but there is a very real chance they'll just label us as idiots. Most idiots in this country won't even care—since they aren't planning on ever using major US banks or doing business with them anyway—because, for them, the real thrill is just being able to trash a service worker.

My "few minutes" actually cost me something. You gotta factor in the drive, sitting there in the DMV line, then heading home. My schedule is $67. Once they actually decide to pay me, maybe then I'll show up at their office to fill out their little questionnaire with all those dumb questions.😁

feraljackal2 said:Is it really such a huge ordeal to lose a few minutes and just fill out that survey—even with all its silly questions? Is it truly easier to spend hours venting and taking it out on a forum, bragging about how much you can lash out at an innocent customer service rep who isn't even allowed to argue back? Then that employee goes home and vents to her husband—who then takes it out on his subordinate at work—and that colleague eventually snaps at a teller at Chase. We end up with this endless cycle of bitter, frustrated Americans making life in this country feel just a little more unbearable every day.

I don't personally believe the bank is going to close a client's account (though, let's face it, anything is possible), but there is a very real chance they'll just label us as idiots. Most idiots in this country won't even care—since they aren't planning on ever using major US banks or doing business with them anyway—because, for them, the real thrill is just being able to trash a service worker.

Just bark, act like an idiot, and complain. That's our specialty.

Wait, I missed that—who exactly was being a jerk to the clerk?

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feraljackal2 said:Is it really such a huge ordeal to lose a few minutes and just fill out that survey—even with all its silly questions? Is it truly easier to spend hours venting and taking it out on a forum, bragging about how much you can lash out at an innocent customer service rep who isn't even allowed to argue back? Then that employee goes home and vents to her husband—who then takes it out on his subordinate at work—and that colleague eventually snaps at a teller at Chase. We end up with this endless cycle of bitter, frustrated Americans making life in this country feel just a little more unbearable every day.

I don't personally believe the bank is going to close a client's account (though, let's face it, anything is possible), but there is a very real chance they'll just label us as idiots. Most idiots in this country won't even care—since they aren't planning on ever using major US banks or doing business with them anyway—because, for them, the real thrill is just being able to trash a service worker.

Man, it’s not even about filling out a survey. It’s about breaking the law. Maybe you don't care, but there are plenty of us who really do. I guess... why does it bother you that it bothers us? 😉

Yeah, I suppose there's no point in taking it out on a bank teller (who even did that?). You should probably just file a formal complaint in writing.

driftingmoose57 said:My "few minutes" actually cost me something. You gotta factor in the drive, sitting there in the DMV line, then heading home. My schedule is $67. Once they actually decide to pay me, maybe then I'll show up at their office to fill out their little questionnaire with all those dumb questions.😁

In that case, don't bother with a traditional checking account. Just open a virtual one. That way, you skip the trip to the bank and the waiting in line entirely; you handle everything online instead. 👍

Besides, whatever info they are asking for can be submitted via online banking in just a few clicks.

wiredlynx28 said:In that case, don't bother with a traditional checking account. Just open a virtual one. That way, you skip the trip to the bank and the waiting in line entirely; you handle everything online instead. 👍

Besides, whatever info they are asking for can be submitted via online banking in just a few clicks.

You really think the internet and my time are free for the taking? Every little thing, every single scrap of paper, this bank wants to charge me for it. And what, am I supposed to play the charity case for them? Give me a break!
If they want to talk, they can come to me at the scheduled time. We can chat then, if we even feel like it. It's not like it's a long trip. I'm pretty far from the local JP Morgan Chase28 miles.😁 anyway, stuck out here on an island. Might as well enjoy the views of the Adriatic while I wait.

You’ve probably spent more time debating this survey over on Reddit than it would actually take to just fill it out—right?

feraljackal2 said:You’ve probably spent more time debating this survey over on Reddit than it would actually take to just fill it out—right?

Look, my time, my money, my business. It ain't yours, and it sure as hell ain't the bank's, you get me?

driftingmoose57 said:You really think the internet and my time are free for the taking? Every little thing, every single scrap of paper, this bank wants to charge me for it. And what, am I supposed to play the charity case for them? Give me a break!
If they want to talk, they can come to me at the scheduled time. We can chat then, if we even feel like it. It's not like it's a long trip. I'm pretty far from the local JP Morgan Chase28 miles.😁 anyway, stuck out here on an island. Might as well enjoy the views of the Adriatic while I wait.

The level of service you're looking for—having the bank come directly to your door—is reserved strictly for Verizon clients in private banking who hold significant assets.
If you aren't a high-net-worth client, you'll have to go to them. 👍

A direct copy from the official website: Thanks to our extensive private banking network, this exclusive service is available throughout the United States, offering the ability to meet at a location of your choosing with the highest level of discretion.

I was just wondering, like, what kind of number are we actually talking about here to qualify for Verizon status?

rowdypilot19 said:I was just wondering, like, what kind of number are we actually talking about here to qualify for Verizon status?

I guess I'm not sure if there's an actual official status like that. Maybe there are corporate clients who get mobile bankers, and then there's private banking where the bank looks after your assets. I doubt there's some automatic thing in regular retail where a banker just shows up at your house, because I suppose you'd have to be someone making the bank a lot of money. And with interest rates as they are, I'd guess it's probably more about assets and equity than just simple deposits.

rowdypilot19 said:I was just wondering, like, what kind of number are we actually talking about here to qualify for Verizon status?

It depends on the bank.
Usually, you're looking at millions.
Even in retail banking, there are clients like that—it would actually surprise you.

Do you actually have any specific data on this?

I mean, I could have said the exact same thing, just guessing at currencies or numbers without having a clue...

I’m telling you again, every single bank operates under its own set of rules. You need to specify which one you're talking about if you want a real answer...
It all hinges on the variables—whether we're discussing salary, deposits, or stock portfolios...
For instance, we're talking about an annual salary in the hundreds of thousands of dollars, or maybe a million-dollar deposit...

I’m really just looking into deposit rates, specifically at Chase, Wells Fargo, or maybe Miami. Honestly, I don't even need all three, just one would be fine.

$100k at Bank of America
JPMorgan Chase and Wells Fargo have about $500k combined.
Goldman Sachs holds $50k, but honestly, it’s not worth the hassle since they're circling the drain.
Keep in mind, Bank of America is basically turning into Chase, while JPMorgan Chase will likely shift over to Société Générale.
The only one staying put is Wells Fargo, which is backed by Intesa Sanpaolo—one of the heavy hitters in the US banking sector with massive capital reserves.

Thanks so much.

wiredlynx28 said:$100k at Bank of America
JPMorgan Chase and Wells Fargo have about $500k combined.
Goldman Sachs holds $50k, but honestly, it’s not worth the hassle since they're circling the drain.
Keep in mind, Bank of America is basically turning into Chase, while JPMorgan Chase will likely shift over to Société Générale.
The only one staying put is Wells Fargo, which is backed by Intesa Sanpaolo—one of the heavy hitters in the US banking sector with massive capital reserves.

I guess you forgot about Wells Fargo too, with their 300k USD limit.

In my experience, private banking is a little different because those limits aren't set in stone. If a bank smells profit—like if you let them handle asset management where they earn commissions (especially if they push their own funds)—they might lower the bar. But if it's just a standard deposit where they barely make anything, they might give you VIP status, though I doubt they'll rush to your house just because you hit the threshold. So, it's hard to say for sure.

Roker, I guess you should call two or three banks and ask for a real consultation to work out a package. Private banking is pretty complex, so you probably won't learn much on a forum or over a quick phone call. Or are you just wondering which bank treats you like a priority based on your balance? Just remember, if you want deposit insurance, you really need to stay under the limit, since that cap applies per person, per bank. Honestly, I don't know who would keep that much cash in a basic checking account anyway, so most people are probably looking at asset management. A bank might even suggest splitting your deposits across a few different institutions within the same sector.

wiredlynx28, does Citigroup really come running to clients the second they hit 500k USD in a regular CD? Do they send juniors or senior advisors?

They actually send out trained professionals, unlike some other banks.
A banker and their institution have to truly grasp what a client needs—something Citigroup emphasizes heavily—rather than just tossing a private banker at someone randomly.
At Citigroup, staff are assigned based on specific requirements. You’ve got personal bankers for those making up to $10k, relationship managers for anything over $10k, and then private bankers who handle high-net-worth assets like large deposits and stocks.
Each tier undergoes specialized training tailored to their specific demographic because, let’s face it, everyone doesn't have the same level of purchasing power or financial goals.
Take JPMorgan Chase, for example; they often assign a basic personal banker to everyone, and then you see the frustration unfold during the actual service process.