this post was submitted on 15 Mar 2024
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AKA "surprisingly, oligopolies are there to make money and care about their customers just enough not to pee on their faces while someone else is looking".

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[–] KevonLooney@lemm.ee 16 points 8 months ago (2 children)

Interesting article, but nowhere near what Wells Fargo was doing. They had institutionalized their fake account openings. The average customer had 8 accounts (including checking, savings, credit cards, mortgages, etc.). That's obviously too many.

[–] cygnus@lemmy.ca 12 points 8 months ago (2 children)

Unrelated to the topic at hand, but I have something like 11 accounts with Tangerine (they're free). It's convenient for budgeting for different things.

[–] dom@lemmy.ca 4 points 8 months ago (1 children)

Yeah, I was gonna say I have 7 accounts. A lot of free ones labeled "vacation" "house projects" "emergencies"

[–] cygnus@lemmy.ca 3 points 8 months ago (1 children)

Exactly, and everything is automated so a percentage of my paycheck gets automatically sorted into each one. It's great.

[–] lobut@lemmy.ca 4 points 8 months ago (1 children)

grr, I hate you guys. You make me feel so disorganized! Why hadn't I thought of this type of thing?

[–] cygnus@lemmy.ca 7 points 8 months ago* (last edited 8 months ago)

It's mostly out of laziness! I'm a big fan of "set it and forget it" approaches to life. It also helps keep track of finances and prevents splurges you can't afford. If I have $300 in my "travel" account, I'm not going to go on a $1500 trip.

[–] isVeryLoud@lemmy.ca 1 points 8 months ago

Tangerine rocks, but their customer service can be... Hilarious.

[–] zqwzzle@lemmy.ca 2 points 8 months ago

So… we should allow them to keep going until it gets that bad?