Comments on: Ally Bank Foolishly Losing Our Business

By: jim d

jim d — Fri, 26 Feb 2010 01:54:54 +0000

that’s (previous post) refers to brick ‘n’ mortar banks. but online banks can verify identity easily also

By: jim d

jim d — Fri, 26 Feb 2010 01:45:04 +0000

kitty says:
May 25, 2009 at 8:11 pm

I wouldn’t be too tough on banks that check your credit and too happy about the bank that doesn’t check it: in most cases of online banks this is indeed an extra check for your own security: to make sure you are who you say you are and to prevent identity theft.

that a bogus concept. i have 6 forms of gov’t issued photo id. driver’s license, passport card, passport, police officer’s license, fire department photo ID and a TWIC card (port security ID) and have offered to show the bank them,. all they want to see is driver’s license.

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Fri, 26 Feb 2010 01:36:20 +0000

Yeah I get it Andrew but you don’t. Ally requires a minimum credit score to open the account – nothing to do with identification which can be verified independently of a FICO score. But nice try.

By: Andrew

Andrew — Fri, 26 Feb 2010 01:21:54 +0000

Kinda late on the post – your missing the point. in this case it is not about the score so much as the established history they can use to identify someone! Get it? And also in response to this

“I and millions of other Americans have opened millions of bank accounts, long before FICO even existed. ”

Were those millions of accounts online bank accounts Mr. ToughMoneyLove? I dont think so..

By: August Woerner

August Woerner — Mon, 11 Jan 2010 15:12:56 +0000

Ally Bank falsely advertises on TV that there is no penalty for early CD withdrawals, I bought a CD from them and tried to withdraw it four months from maturity. This is a bank, “too large to fail.” So, in protest, I decided to withdraw my money from their bank. I phoned therm. I was first told they would charge me for mailing me the check, more if I wanted a wire transfer. Then they said there would ba a penalty for early withdrawal. Rather than pay those penalties, I decided to wait until the CD matured.

By: Private

Private — Sat, 02 Jan 2010 10:13:37 +0000

It’s a ponzi scheme. Remember “Made” OFF?
It’s a ponzi scheme. Remember “Made” OFF?
It’s a ponzi scheme. Remember “Made” OFF?
It’s a ponzi scheme. Remember “Made” OFF?
It’s a ponzi scheme. Remember “Made” OFF?

By: Kyle

Kyle — Wed, 16 Dec 2009 03:05:15 +0000

Why would you put money in a low interest savings account in anticipation to pay off a higher interest mortgage? You are losing money each month.

Put the money on the mortgage and close the savings.