4 comments

  • alex43578 41 minutes ago
    NYTimes with the clickbait title.

    A glitch prevented her account from being displayed for a few days, then was resolved. Your money, when covered via FDIC/SIPC and federal regulations, doesn’t just “disappear”.

    • rootusrootus 34 minutes ago
      I don't know that I'd call it clickbait, that's underselling it a bit. If you can call your bank and they flat out pretend you don't even exist, that you are not a customer, or whatever -- that's more than just a display error. Her accounts weren't even visible to bank staff. That's a pretty significant error.
      • teeray 26 minutes ago
        That's why you save local copies of records (statements, etc.). "Computer says no" can be fought with "judge says yes".
        • abracadaniel 16 minutes ago
          Paper statements are now opt-in most places, so most people won’t have local copies of the records anymore. It’s extremely important, because there is no duty for a company to provide historic data. None of my banks provide detailed data back more than a couple of years.
      • BobbyTables2 14 minutes ago
        One had a bank do that with a safe deposit box. They had no record of it.

        Pretty much had to physically find it myself. Was the last time I let that happen…

    • mothballed 27 minutes ago
      FDIC usually doesn't protect against attacks on individual depositors. Fraud, scams, and theft for instance arent covered. If your bank just steals it FDIC usually won't be for that.

        Deposit insurance coverage protects depositors against the failure of an insured bank; it does not protect against losses due to theft or fraud, which are addressed by other laws
      
      https://www.fdic.gov/resources/deposit-insurance/brochures/d...
  • danso 1 hour ago
  • OutOfHere 20 minutes ago