[CS-FSLUG] OT: Online Bank

[Fred A. Miller]

On 03/24/2013 10:52 PM, Timothy Butler wrote:
> On Mar 24, 2013, at 8:41 PM, Fred A. Miller <fmiller at lightlink.com
> <mailto:fmiller at lightlink.com>> wrote:
>
>> Tim, from a security and who has control perspective, you're ALWAYS
>> better off dealing with a local bank, and keep ALL transactions OFF
>> the Net. Call me old fashioned or any other name you want, but I want
>> to do the best I can to secure my funds and who controls them! I
>> don't like dealing with an entity that I don't know, nor having
>> anything of mine "in the cloud"! ANY business who as it's private
>> info. or access to funds there is NUTS!! 
>>
>> 'My 2 cents....have at it! 
>
> Fred, you could be quite right, although I figure since one's finances
> now travel through the cloud whether one likes it or not (think about
> how most checks are cleared as ACH electronic transfers, for example),
> I worry less than I use to. "If you can't beat 'em, join 'em." :-)

I'm not gonna go there, even though you thought I would....didn'tcha?  ;)\

>
> I manage most of my banking and investment stuff online as it is. The
> only real reason I go into a bank is to make a deposit. I like my
> bank, although they've gotten on my nerves by switching my legacy
> accounts to a new type that includes a monthly fee unless I do direct
> deposits each month. Grrrr...

Well, I know some who've had their accounts messed with, and they were
ALL "on the cloud," NOT local banks. Not that it's a 100% safe, but it's
a much better "bet" than a large non-local entity, AND much easier to
deal with and straighten out something that's gone very wrong. I've
lived long enough to have earned being paranoid and I'm not about to
give it up and with out present Fed. Gov't...............  O:-)

Fred

-- 
"... nothing -- no new legislation, no waiting period, gun or magazine ban --
could have prevented the Connecticut "glory killer" from carrying out his attack." 

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