| Futuremogul888 | 01-03-2014 04:50 PM |
Re: Want to open about 60 boa accounts. Any potential problems with this?
Quote:
Originally Posted by Omgoozle
(Post 516072)
This is hands-down one of the dumbest questions I've ever seen on these boards.
You need to stop everything you're doing right now because you are horribly uninformed about a potentially dangerous situation. If you don't, please be sure to hit Enter on your keyboard to send us your last message before the FBI tazes you at your computer desk so we know exactly how it ended up for you.
To understand the situation you need to look at this from the banker's perspective. Excuse my realistic racism but if you are of any kind of ethnic group whatsoever, or if you are poor, or if you are a new customer to the bank and you try to pull this sh!t at a bank I'd be surprised if you make it back to your car without a new pair of metal bracelets.
You need to look into KYC banking laws. Look into the SEC rules and regulations that are the backbone of security in the banking industry.
I am surprised and a little disturbed at the passive voice you're hearing from other experienced members of this community but I have no problem telling you that you are treading a very thin line that you (a) obviously know nothing about and (b) don't want to be on.
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Go into a bank. Open a checking account. A few days or weeks later go back and open a few savings accounts. Be ready with a good reason why you need these. They will ask.
| What a bunch of over-exaggerated nonsense.
It is not against the law to open that many accounts at one bank. As Joe mentioned there is no supporting facts to your rant. This is because (a) you don't know what you are talking about and (b) there are no facts to support your BS. If the Op goes to a bank and says he wants to open 60 accounts most likely the banker will just say no. No dragging out in handcuffs or a visit from homeland security or the FBI.
If you would have simply said this is not wise, I would have agreed with you. It would make a banker a bit nervous because it looks excessive and suspicious. It is more then likely against BOAs policy to open that many at a time per person.
While I would never recommend trying to open more then 5 bank accounts at a time. It is definitely possible to have several dozen accounts at a bank without raising an eyebrow. There are certain things you can do that will virtually eliminate risk of suspicion at the bank and will make having that many accounts even seem perfectly reasonable. However even then, you don't want to have all your eggs in one basket. Diversify your bank accounts.
While you are right that bankers are paid commission for account openings (sales), they are still responsible for applying good judgement if they want to keep there job. Can a car salesman sell 60 cars to one person on the same day just because he wants the commission?
Also Omgoozle, whats with bringing race into this. This situation has nothing to do with race what-so-ever. People who bring race into things that have nothing to do with race and allege discrimination where there are many much more logical explanations for an action are just plain ignorant. | 
