Why is opening a bank account so difficult?

Discussion in Bank Accounts started by Adeal4u • Apr 30, 2012.

  1. bryce12

    bryce12Active Member

    Joined:
    Jun 10, 2012
    Threads:
    6
    Messages:
    123
    Likes Received:
    0
    Well let me be blunt, this is because of the terrorists. Before 911, it was very easy to open a bank account but once the government started to crack down on unscrupulous elements, they overhauled the entire system. Now the banker is more likely to NOT open you account than to open it and the procedure to open an account is more of a harassment than an inquiry.
     
  2. thenextGeek

    thenextGeekActive Member

    Joined:
    Sep 4, 2012
    Threads:
    1
    Messages:
    529
    Likes Received:
    44
    I am pretty surprised that the bank manager yelled at you. I mean, aren't they not allowed to do that to their clients? I'm also curious as to why they are asking the details of your past bank account when in fact you are going to make a new one. It doesn't make sense really and I suggest that you report that bank manager to the upper ups so that they can provide a solution regarding the arrogant manager. It'll be bad for other customers to experience what you experienced.
     
  3. JJohnston

    JJohnstonNew Member

    Joined:
    Sep 5, 2012
    Threads:
    5
    Messages:
    21
    Likes Received:
    0
    Hmmm, I have to say, I've never heard of that happening before. I work for a bank and while we do want to know who our applicants bank with currently or who they banked with previously, we certainly wouldn't harass anyone that couldn't remember. In fact, we get a lot of people where my bank is their first bank.

    There are some other requirements that make it difficult though, like two forms of ID required and the opening deposit. Many times individuals that just turned 18 only have a State ID and very little funds.