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would amazon please become a bank?

 
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articleBot



Joined: 25 Mar 2005
Posts: 11

PostPosted: Fri Mar 25, 2005 12:44 pm    Post subject: would amazon please become a bank? Reply with quote

I know it's trendy to say nasty things about Amazon (one-click, etc.), but man do I wish they'd expand into really useful services, like banking. I've been struggling through nightmare experiences with "online banks" -- none of which have online services that are half as reliable or convenient as Amazon.

I've been through Merrill Lynch (awful awful awful), and then TD Waterhouse (sleek, but thin on service: no download to Quicken, for example), and now the latest was Citibank.

Citibank was recommended to me by Intuit. Said to be one of the "best" online banks. So I applied -- in February. Today, three months and at least 10 calls and 5 faxes later, I stopped the "application" process. Seems they were unable to verify my address (a house we've owned since September 2000) after my wife and I sent in document after document. Today it took them 15 minutes to determine that they weren't "sure" which documents would be needed, but then they helpfully gave me a list of three more I could fax in and they'd then determine whether that was enough.

Forget it, I told them. So I'm back to square-one: Does anyone recommend an online bank which: (1) has direct download to Quicken, (2) Amazon-like-reliability online?

The original copy of the article is found here(lessig blog).
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altyfc



Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland

PostPosted: Thu Jun 30, 2005 9:49 am    Post subject: Reply with quote

I'm not sure Amazon is your answer to online banking. I had difficulty getting them to deliver a product the other day and their level of incompetence took some beating!

Aaron
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munky



Joined: 06 Aug 2005
Posts: 13

PostPosted: Thu Aug 11, 2005 1:49 am    Post subject: Reply with quote

that would be a good idea for them to diversify into, amazon banking

especially since google is threatening their online books retailing business!
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altyfc



Joined: 29 Dec 2004
Posts: 1232
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PostPosted: Thu Aug 11, 2005 11:19 am    Post subject: Reply with quote

Do you really think so?

Aaron
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white out



Joined: 17 Aug 2005
Posts: 3

PostPosted: Wed Aug 17, 2005 5:11 pm    Post subject: Reply with quote

i think they should stick to just selling things, and work on that.. because they're not really so good with their shipping
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PeterGibbons



Joined: 08 Jan 2006
Posts: 128

PostPosted: Mon Feb 27, 2006 10:23 pm    Post subject: Reply with quote

What about ING? Do they provide online banking? I have never used them, but I remember they had a promo in some software I purchased.
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altyfc



Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland

PostPosted: Mon Feb 27, 2006 10:42 pm    Post subject: Reply with quote

Yes, I'm pretty sure you can do online banking with ING.

Aaron
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PeterGibbons



Joined: 08 Jan 2006
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PostPosted: Tue Feb 28, 2006 11:48 pm    Post subject: Reply with quote

I was thinking about this for a while after I posted and I certainly remember ING offering a pretty good interest rate for their checking accounts. It was about 5 years ago, so I do not know how competitive they are now.
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