If you are currently both an employee and a customer of the bank and you got laid off would you move your money and close your accounts with them? Why or why not?
13 replies (most recent on top)
The person asking this is obviously from Retention (AKA the department with the most sets of knee pads). Otherwise why would they add the "Why or Why Not?" Sounds like they are trying out a new survey question for disgruntled customers. What a tool.
You know, they say there are no stupid questions....
Chase bank is an awesome bank. Their online tools are awesome and intuitive. It's a well executed banking experience.
Never open any account where you work. It's always a poor idea. The people you work with who have access will always be checking your account out.
I’ve been working at the bank for 8 yrs & I’ve never banked at U.S. Bank. I bank at chase & capital one. Chase is so easy to bank with. I was able to go into a branch by myself & open a joint acct & my husband stopped into a different branch a few days later to sign & be added. If I owned a business I’d process with square SO much cheaper & their product actually works!
I am still working there, and I moved all my money out b/c of the nonstop layoffs.
I was laid off late last year, kept all my accounts but will never do any loans or lines of credit in the future. Only took a couple months to land something better. Severance was pretty good since I put in over 15 years, was able to bank a good portion of it. Happier and in a better financial position than I was before getting the axe. Thoroughly enjoyed analysts comments this week they arent buying the first quarter results since its mainly based on savings from layoffs.
Oh yeah, I'd move your money.
Keep $100 in checking, $50 in savings, $5,000 limit credit card used once every 6 months on field, $25,000 line of credit used once e er 4 or 5 years for an appliance or a lawnmower, products are not competitive with other regional bank products and not in the same zip code as Chase Saffire or American Express Platinum and not sure what Peyton Manning would say about the fumble on Smartly, rules change 90 days after launch, new checking balances and cash back levels, seriously ?
https://clark.com/credit-cards/us-bank-smartly-card-changes/
The US Bank Platinum checking, which is free to alumni (my understanding) is great. The bank cannot be making money off of me since I don't keep money I don't need to spend. As long as it is free I will keep it.
Former employee here.
The Fidelity 401k has a good roster of extremely low cost index funds. I am keeping that account for now, primarily because Fidelity is the record keeper.
I moved the cash balance funds out of US Bank.
Credit Unions offer better alternatives for checking accounts.
Except for the 401k at Fidelity, their products are not competitve.
Yes, I would close accounts.
I would move it out to get the satisfaction of firing them.