Nosy banks

James Rogers53 said:No, there's no way a bank can just pull that data from the government—I don't see how that's confusing.

The government (meaning this isn't some local regulation, either) isn't actually asking for your personal info—they’re just forcing banks to know exactly who they’re dealing with. And it doesn't just start and end with a single questionnaire; entire departments are dedicated to this stuff.
Just try sending money or making a payment to Russia and let's see what happens. 😁

The reality is that terrorism financing and money laundering are taken incredibly seriously—no bank wants to be the one getting dragged into a scandal for letting that happen under their watch.

When it comes to this whole deal, the relationship between the state and the banks is pretty much a two-way street. But like you said, it's legally easier (and frankly, a lot more polite) to push these regulations through the banks rather than shoving them directly down the throats of citizens—that way, the government maintains its "plausible deniability."

In my opinion? Throwing around terms like "terrorism financing" and "money laundering" is often just code for trade protectionism.

If the government handed your private info straight to a bank, you could actually sue them for it!

Full disclosure: I actually filled out the questionnaire at Zayre, but I refused to sign it, so that was that... for now.

Tyler Chavez3 said:When it comes to this whole deal, the relationship between the state and the banks is pretty much a two-way street. But like you said, it's legally easier (and frankly, a lot more polite) to push these regulations through the banks rather than shoving them directly down the throats of citizens—that way, the government maintains its "plausible deniability."

In my opinion? Throwing around terms like "terrorism financing" and "money laundering" is often just code for trade protectionism.

If the government handed your private info straight to a bank, you could actually sue them for it!

Full disclosure: I actually filled out the questionnaire at Zayre, but I refused to sign it, so that was that... for now.

I did the exact same thing—filled it out but refused to sign—and after a few months, they sent me a notice demanding I comply or face having my accounts frozen.
So, I headed down to the bank, withdrew my cash, and I'll be closing all my accounts shortly...

Laura Chavez93 said:I did the exact same thing—filled it out but refused to sign—and after a few months, they sent me a notice demanding I comply or face having my accounts frozen.
So, I headed down to the bank, withdrew my cash, and I'll be closing all my accounts shortly...

Maybe you should have maxed out a credit card or something first? Honestly, let them try to block everything over some data stuff. :rolf:

Man, I wish I could do the same, but I feel like they’d just make my life a total nightmare when I tried to open a new account elsewhere.

Laura Chavez93 said:We shall see after May 25th...

So, I was just setting up my online banking over at JPMorgan Chase—super easy, right?—and then this random pop-up hits me asking if they can use my personal info for all that marketing and junk stuff... I mean, obviously not! So I just clicked NO.

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.

I find myself wondering what tomorrow actually holds... 🍿
Quincy:

Starting May 25th, every citizen within the European Union will be granted enhanced oversight and genuine control over their personal data—including the "right to be forgotten" once they no longer wish for their information to be processed. They will also have the right to know exactly how long their data is being stored, as well as the ability to request corrections, deletions, or file formal complaints. Personal data encompasses a vast array of details: a physical address, email addresses, phone numbers, photographs, Social Security numbers, educational background, professional credentials, salary info, credit history, bank account details...

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.

They always do this, always asking.

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.🙏

So, my bank is hitting me up online, asking for all my private personal info—as if they don't already have it on file! Honestly, I told them to just forget it. If they’re so desperate for data, maybe they should go ask some undocumented immigrants in South Texas how they manage to open bank accounts without any paperwork at all.

Are we playing games here, old friend?

I mean, seriously... what kind of bank would you even walk into where they wouldn't ask you for a single shred of documentation just to open an account?

It doesn't say they ask for those details during the initial application—rather, it happens once you move everything online... They’re essentially just verifying what’s already on file, because if they didn't have that information to begin with, they wouldn't have an account at JPMorgan Chase in the first place.

claims that people from Mexico can just open accounts without any paperwork

coastaltiger72 said:So, my bank is hitting me up online, asking for all my private personal info—as if they don't already have it on file! Honestly, I told them to just forget it. If they’re so desperate for data, maybe they should go ask some undocumented immigrants in South Texas how they manage to open bank accounts without any paperwork at all.

well, if they know which specific bank it is, let me know because I'd love to head down there myself... though I'd probably end up getting sunburned or tripping over my own feet since my Spanish is non-existent, so maybe they'd just assume I'm one of them and actually let me open an account...

Bang! 🙂 Just when I thought things were quiet...
I received a notice from JPMorgan Chase today regarding my business account—they need me to update some information. They’re practically threatening me, stating that if this isn't handled by March 31st, they reserve the right to: "terminate specific agreements entered into with the business entity." 🤔 Naturally, just like every other time, they insist I have to show up in person at a branch...
Since I already submitted all this documentation for the business account a few years ago, I really have no desire to waste my time trekking down to a branch again. Besides, I find these kinds of threats toward a client to be quite unprofessional—it's hardly how one conducts business—so this time, I intend to see this through to the end. ☕
My question is this:
Has anyone here actually had their account frozen by JPMorgan Chase following one of these notices? I'm trying to decide whether I should just move everything over to a different bank—one that doesn't make a habit of harassing its customers under the guise of anti-terrorism and anti-money laundering regulations.

A continuation of my previous point: just a few days before the March 31st deadline, I get a call from my local JPMorgan Chase branch—they claim they need a photo of my ID because the old one expired, asking me to send it over... I sent it via email, but really, is it necessary to resort to threatening an account freeze over such a thing?🙄

Good grief, you're such a snitch:🙂🙂

They’re emailing me, threatening to shut down my account.

🙂

Just give them the info they're asking for. It's not like they're after your kidney.

Laura Chavez93 said:A continuation of my previous point: just a few days before the March 31st deadline, I get a call from my local JPMorgan Chase branch—they claim they need a photo of my ID because the old one expired, asking me to send it over... I sent it via email, but really, is it necessary to resort to threatening an account freeze over such a thing?🙄

A real man would have told them where to shove it and just switched to a different bank altogether.

They can take that threat and stick it right up their ass, that's what they can do.☕

It seems Laura Chavez93 always carries some sort of lingering resentment toward banks; maybe she should find a more productive way to spend her time.

Hi there. I have a quick question regarding JPMorgan Chase. I’m currently over in Canada, though I assume the banking structure is essentially the same here in the States. Basically, I opened up a savings account that gives me full access to my funds—meaning I can deposit or withdraw money as many times as I want without any hassle. I did receive a savings agreement, but curiously enough, it doesn't actually list the specific amount I deposited. On top of that, this particular type of savings doesn't come with a physical passbook or any kind of paper trail to track my activity; everything is just handled through the mobile app. So, when I log in, I see my checking account (which I assume is tied to my debit card) and then my savings account right next to it. It seems fine on the surface, but I can't help but feel a bit uneasy—how secure is it to not have a hard copy or a written record of my balance? For instance, back when I dealt with Wells Fargo, I had a physical card and every single transaction was documented clearly through those card statements.

I'm not entirely sure what you mean by a "paper trail." If you're talking about transaction history or account statements, I assume you can just pull those up in the app, export them as a PDF or an Excel sheet, and print them out yourself if you really need to. Either way, your bank should be able to provide official printed statements upon request... though they'll probably hit you with a fee for the privilege.

Does anyone in Washington, D.C. actually use JPMorgan Chase? I’ve been wondering if the terms and conditions are identical to what we see back home—specifically regarding those physical paper trails, you know, like at Wells Fargo where they provide a passbook that logs every single transaction you make. Sure, in the USA, you can just track everything through a mobile app, but isn't there a certain level of insecurity with relying solely on digital tools?