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BankingTech FinTech

[Discussion] Need help trying to open a new account. (Please tell me what the best path to take would be)

June 26, 2020 at 12:37AM

Long story short…I had a bank of America account that I owed money on that was closed 2 or 3 years ago.

My question is which option would be best for me?

  1. Try to talk to bank of America and pay them off in hopes that they'll let me open a new account. (If I did go this route, would they definitely allow me to open a new account with them?)

  2. Try a "2nd Chance account” at Wells Fargo or another bank that offers something similar.

  3. Try to pay off bank of America and try to get cleared from chexsystems so I can open an account somewhere else? (Not sure how long this process would take, but I really want to open an account soon…so if this takes a while, it wouldn't be ideal)

Thanks!

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BankingTech FinTech

Fed: Most Banks Remain ‘Sufficiently Capitalized’ in COVID Stress Scenarios

June 26, 2020 at 12:01AM

All 33 banks participating in the Federal Reserve’s 2020 supervisory stress tests would remain above minimum regulatory capital levels under three COVID-related downside scenarios.

The post Fed: Most Banks Remain ‘Sufficiently Capitalized’ in COVID Stress Scenarios appeared first on ABA Banking Journal.

via ABA Banking Journal https://bit.ly/31kPz1g

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BankingTech FinTech

Staycation holiday scams soar, banking watchdog warns

June 26, 2020 at 12:01AM

UK Finance reports surge in fake listings and refund scams for trips cancelled due to Covid-19

Consumers are being warned about a sharp rise in coronavirus-related holiday scams, including a spate of fake caravan and motorhome listings targeting those planning a summer staycation.

The warning from UK Finance, the banking industry body, comes three days after the government announced an easing of the lockdown rules in England aimed at helping to get the tourism sector back up and running.

Continue reading… via Banking | The Guardian https://bit.ly/3hYT2bX

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BankingTech FinTech

CDC Posts Information for Banks, Bank Employees

June 25, 2020 at 11:57PM

The Centers for Disease Control and Prevention has posted webpages for bank employers and employees with tips for protecting staff and slowing the spread of COVID-19.

The post CDC Posts Information for Banks, Bank Employees appeared first on ABA Banking Journal.

via ABA Banking Journal https://bit.ly/2ZgDS9s

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Finextra FinTech

French SME banking startup Memo raises funds for launch

June 26, 2020 at 01:01AM Memo Bank, a French digital lender targeting SMEs, is gearing up for launch after securing $23 milli… via Latest Finextra Research Payments Headlines https://bit.ly/31gUfVT
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Finextra FinTech

BBVA launches Apple Watch app in Uruguay

June 26, 2020 at 01:01AM BBVA has tapped its global mobile banking platform to overhaul its app for US customers and launch a… via Latest Finextra Research Payments Headlines https://bit.ly/2YxV7nb
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Finextra FinTech

KBC to roll out wearable payments to all customers

June 26, 2020 at 01:01AM Belgium’s KBC is rolling out wearable payments tech to all clients following successful tests with 1… via Latest Finextra Research Payments Headlines https://bit.ly/2YxVbmV
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Finextra FinTech

SolarisBank and American Express team on installment payment loans

June 26, 2020 at 01:01AM Germany’s solarisBank and American Express have come together to create a new installment payment op… via Latest Finextra Research Payments Headlines https://bit.ly/3eExNtK