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AngelaK's avatar

Today I read how bank algorithms are causing banks to close accounts of perfectly legal, normal people and their personal and small business accounts. I am not talking about for millions either! Because of amounts less than 10k! And the bankers cannot help them! The computers trump human reasoning and logic.

This country is getting scarier and scarier by the day.

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Butterfly2510's avatar

Well my back went out last week and it gave me a lot of time to reflect on things. I decided as much of a pain as it will be to do it, I’m moving my money from Chase to Frost Bank, in Dallas. Hopefully, the first of many such resolutions to accomplish like buying a handgun, stocking up on water, peanut butter etc!! They’re coming after us after they put Trump in jail and I want to be ready for whatever they have up their sleeve. Whitney Webb is on Dr Mercola. I highly encourage everyone to listen to it.

I mean our USG thinks MAGA people are more of a threat than Hamas!! Are any of us comprehending that? Totally insane.

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Mark St's avatar

All of this and more is important. What is vital is getting to know your neighbors. It's easy to not invest enough time for that part.

Tons of variables depending on where you live, but even a small group of people who have a plan in case of whatever comes down the pike can make all the difference.

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R1ghtTh1nk's avatar

Why Frost Bank? I'm looking to move savings, too.

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Pluto’s aura's avatar

Small banks are the best. Use two different ones.

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Butterfly2510's avatar

We got a home loan from them to remodel and we had a great experience. When we walked in for the loan closing, they were so kind and so personable, and I’ve never had that from Chase before. Also, I think I mentioned I wanted to bank with a state bank.

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Mrs. Mantle's avatar

Frost Bank based in San Antonio, an excellent local bank that has grown but wisely and not too big. The founder, who passed a couple of years ago, went to my church, the family, too. Great service and responsiveness. You don’t wait on hold forever and the customer service people are native English speakers in the USA.

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CaplT's avatar

Wow! Link?

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AngelaK's avatar

https://nytlicensing.com/stories/LoTWqoLy

'Why banks are suddenly closing down customer accounts '

I read it on Yahoo. Put it into Google. It was originally a New York Times article and as you see, their licensing won't allow access through the link.

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J Boss's avatar

Move your accounts and money to local or regional banks that are not huge. Use cash as much as possible to eliminate record of activity. Back to basics!

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