[lbo-talk] on-line banking

[John Thornton]

Run away from on-line banking, at least for your primary account for the 
time being. I've lost much money that has simply disappeared into foreign 
accounts and is not recoverable according to both the authorities and the 
banking institution I use. It isn't as if the last place the money was 
parked before being withdrawn isn't known and the names on the accounts are 
also known. This does little good sometimes. I now keep a separate account 
just to use for on-line transactions and put only enough in it to complete 
those transactions. Any other way is asking to get burned. The bank does 
not guarantee that your money is safe either. As an account to use only for 
that purpose it's not a terrible thing but limit your exposure by only 
putting the amount of money necessary to cover the next immediate transaction.

John Thornton


>Anyone have any experience, positive/negative, with online banking, like 
>ING direct?
>Please write back.
>
>Thanks,
>
>Joanna
>
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