I Am Now TBTF Bank-Free

I have gotten rid of all of my accounts with JP Morgan Chase. I am not TBTF Bank-free.

There were some issues with the second credit card. I thought about getting one through my IRA broker or the U of I Alumni Association, but they are both through a company owned by Bank Of America. It looks like a lot of affiliate cards are handled by Bank Of America.

Then when I got the card, there seemed to be no way on their website to make a payment. I made a small payment through my bank. It took about a week, which I really did not like.

Then I went back to the credit union site, and it turns out the credit card is run by a company EZCardInfo. I have not been able to figure out who owns them. They seem to do third-party credit card processing for a lot of credit unions. When I searched for excardinfo on Google, I got a lot of hits to the sites for different credit unions. I had to set up an additional user name and password with this site, I had to pick a security image, and go through four security questions. It’s nice that they take security seriously, but it would have been great if I had an idea of how many steps were in the process as I was going through it.

So after I made a few payments, I called Chase and shut down both of my remaining Chase accounts.

I do not know if I will stay in Texas for the rest of my life. If I do not, having banks in Texas may be more hassle than it is worth. But a lot of people say they are tired of the big banks kicking them around, yet the market share of the big banks actually increased. Maybe a lot of other people have tried this experiment and failed, or maybe a lot of people do not strive for consistency in their lives.

That said, I might still invest in Wells Fargo. I know they have kicked some people around, but I have accepted it might be necessary to have a bit of amorality when investing.

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Page created on 2015-05-31_12:09:51, last modified on 2022-02-17_13:07:52.

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