Does chase show the direct debits that are due to come out before they actually come out & does it show money going in, like your salary, like what monzo does?
Thanks in advance
Thank you
So in the USA, Chase has an IHG credit Card. Here in the UK, it was offered by creation but that contract has just been terminated⌠so I wonderâŚ
Chase stopping anyone using their account to buy crypto from next month just seen the email.
https://reddit.com/r/chaseuk/s/XmuvVUk5XG
Chase email verifying no crypto payments as of 16th October.
I donât buy the argument that they are trying to stop people from getting involved it in as itâs a threat ⌠etc to their business.
Itâs a threat in the sense they are continuing to see people get scammed by bad actors which means they end up with complaints, & sometimes paying out as a result despite many occasions not being the banks primary fault. So what else are they to do?
People demand they have less ability to be scammed by their bank, the government puts pressure on as well which means ultimately this is going to happen with other banks.
Itâs just easier to prevent it all together than to deal with the complaints I imagine.
Itâs about risk, reputation, financial loss (complaints, payouts for potential negligence, distress and inconvenience of payments being held for checks etc).
To put barriers in place to protect them, and as a result, customers from financial harm, is a good thing IMO.
Customers are duped into opening crypto accounts and being told theyâll get ÂŁÂŁÂŁÂŁÂŁÂŁ for a ÂŁÂŁ input on their side, and the way crypto is managed at present thereâs little recourse in terms of refund or prosecution. Itâs not easily traced and moved around much easier than it is bank to bank.
See it day to day at work and itâs a sad affair really.
Blame could be placed on banks for not working hard enough, or customers investing in something they really donât understand, or the crypto platforms not being regulated in a way that can mitigate loss.
Itâs easier to say no crypto than it is to force the regulators to put more action into crypto and to make it safer, which tbf I donât think will happen for a very very long time.
I agree on this, but as a private business a bank can really choose what they do and donât want running through their accounts.
Itâs easier this way, like with Starling, saves a lot of hassle and resource.
Some banks do have specialist teams for investment payments which is a way forward, specifically trained on such payments.
There are different levels of Crypto risk, doing transactions through Coinbase for example is very different to doing them through some newly spun up exchange that doesnât pass the sniff test.
It is likely a pretty simple calculation in terms of cost of fraud. Moreover, likely as well being free and easy with crypto likely attracts customers they arenât that interested in (willing to take more risk, poor).
I am totally clueless with crypto. Same with stocks really.
These types have never really caught my attention but maybe I should learn more with it.
Iâd be cautious about (even vaguely) lumping these two things together.
With stocks, youâre buying a stake in a business that is (hopefully) growing and expanding. The business is (hopefully) full of enthusiastic staff working hard to develop new ideas, grow the customer base, and maximise profits. Thus, your share in the company (hopefully) grows in value.
Crypto, on the other hand, does nothing. It sits there. Itâs like buying euros or dollars or collecting postal stamps. They do nothing. Youâre just hoping that someone will be willing to pay even more for it in future than you paid for it today.
I know theyâre widely different, just saying I donât really understand either, or any type investment tbh
Hmmm, are there any statistics on the number of crypto scams vs the number of all other ânormal bank stuffâ scams? I suspect crypto is in the minority, but I could be wrong.
UK banks are blocking cryptocurrencies left right and centre because there is pressure by the powers that be to not allow people too much freedom with their money. (insert âchange my mindâ meme here)
Just seen this in the app, Digital ID:
Shows details of my driving licence I uploaded when I applied.
Same, itâs not even a photo of it either itâs just a list of the details pulled from it.
Especially so as it pulled an incorrect number from my address so I have to remove it and re-add it anyway.
God damn those endless Plum notifications are incredibly obnoxious and irritating. Makes me appreciate Chase even more.
Iâve got the Digital ID on the Chase App now. Think they may of enabled it for all now.
How do you find it? I canât seem to see it, probably not got it.