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| It is here: crime tax! |
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| SiliconWizard:
--- Quote from: magic on August 30, 2022, 09:07:08 pm ---Speaking of American banks... I left behind an account with some two digit sum on it. A few years later they mail me that the account is about to be considered abandoned and the funds forfeited to the state government. Too much effort to get the money out of there (cards are long dead, the password is the card number, the nearest branch office is in another country). A few months later my account receives a free upgrade to a different plan. A small monthly fee may be charged unless XYZ conditions are met. A year later, the account is drained dry and I never hear from them anymore. --- End quote --- So much for the funds forfeited to the state! The bank wasn't gonna say goodbye to your 50 bucks! |
| SiliconWizard:
--- Quote from: tautech on August 30, 2022, 09:15:02 pm --- --- Quote from: nctnico on August 30, 2022, 01:13:46 pm ---I just got an email from a bank. It says I have to pay a monthly fee for customer research. :wtf: Why do I have to pay a bank to research whether I'm happy with them? This must be a crappy translation from someone phishing for information. Let's check the links in the email... they all look legit. Let's read the message more carefully... FFS it really says that I have to pay a monthly fee to compensate the bank for the effort they have to put into checking my account for criminal behaviour. :wtf: :rant: --- End quote --- Likely to do with your Gubbermint laws on money laundering. We need pay these costs too in both time and money, albeit the monetary costs are hidden in various bank and money institution charges. The time component is a one on one phone survey we must undertake with our FOREX provider every 2 years which we get an email warning that is to take place soon. They need to ensure you are not using them for laundering the proceeds of illicit dealings and thereby making them an accessory. Right PITA it is and a sign of the times we live in. ::) --- End quote --- Oh, I'm sure people actually laundering money are completely terrified by those very tough measures! Meanwhile there are tons of modest people getting buggered by their bank because they received a transfer from their grandpa and now they need to justify the entirety of their sources of income for the past two years with tangible evidence, otherwise they'll get their account blocked. If you think that's sci-fi, not even so! :-DD |
| tautech:
--- Quote from: SiliconWizard on August 30, 2022, 09:25:18 pm --- --- Quote from: tautech on August 30, 2022, 09:15:02 pm ---Likely to do with your Gubbermint laws on money laundering. We need pay these costs too in both time and money, albeit the monetary costs are hidden in various bank and money institution charges. The time component is a one on one phone survey we must undertake with our FOREX provider every 2 years which we get an email warning that is to take place soon. They need to ensure you are not using them for laundering the proceeds of illicit dealings and thereby making them an accessory. Right PITA it is and a sign of the times we live in. ::) --- End quote --- Oh, I'm sure people actually laundering money are completely terrified by those very tough measures! --- End quote --- Maybe you missed absolving themselves of being a party to money laundering is behind this. Highlighted for your reference. ;) |
| bdunham7:
--- Quote from: SiliconWizard on August 30, 2022, 09:25:18 pm ---Meanwhile there are tons of modest people getting buggered by their bank because they received a transfer from their grandpa and now they need to justify the entirety of their sources of income for the past two years with tangible evidence, otherwise they'll get their account blocked. If you think that's sci-fi, not even so! :-DD --- End quote --- There are some banks here that are demonstrating significant obtusity in their implementation of anti-money-laundering protocols. It isn't paranoia on their part as far as I can tell, it is simply incompetence and incoherence in their understanding of basic facts and their own policies coupled with a lack of accountability--some of these banks have their 'fraud department' siloed so that nobody in management can even talk to them. They must think they are the NSA and ATF all rolled into one. The key is to figure out which banks these are (I won't name names here) and simply move your assets elsewhere. If you own a small business, it is a very good idea to have a banking relationship (not necessarily your sole one) with a bank small enough that they know who you are personally and approximately what you do. Otherwise you may find that all your money is frozen at a very inopportune time. |
| SiliconWizard:
It's easier than ever to open multiple bank accounts these days, and I strongly suggest doing so. Certainly do not put all your eggs in the same basket. |
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