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Banking Horror Stories Print E-mail
Written by Nancy Cardinali   
Monday, 13 February 2006

Banking Horror Stories

How about this for worries in a banking system:

I recently opened a business account at Bank of America. During the process the manager had to get on line to set up my password. Earlier, she had tilted her monitor so I could see it. When I saw Netscape 3.x flash page I nearly screamed! I could not believe that was the browser they were using!

I'm no expert on these things but seems to me it would be REAL easy to track (hack) transactions on that level browser. When I asked her about this she shrugged and said very softly, "You wouldn't believe..."

At this point my account must remain in their clutches (long story) but I would think long and hard before I would open any other services with them or recommend them. Of course, BofA doesn't have a great reputation to begin with.

Any other bank horror stories?

Nancy Cardinali
Comments (1)add comment

DeepSeaLegs said:

  I'm surprised others haven't responded to this. I've had a few real doosies, let me tell ya. One time I had to close my savings account w/ a certain unnamed Bank - actually a CD. When I called they told me I had to be in person - I said I couldn't for certain reasons. They let me do it over the phone and the person helping me was probably new. Anyway, she ended up asking for my private info. When I responded that I didn't have it (I didn't want to search for my tax ID and business phone / address etc as it was a long-defunct business) she pretty much held my hand through it and finished things for me! I said "i think the number is ..." and she would finish my sentences! So giving me access to this account in a trusting but very dubious manner.

And there are many more. It's the nature of the institution.
November 28, 2006

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