Author Archives: Jason

About Jason

Jason R. Koepke is Founder and Data Strategist at GNT LLC, a risk-analysis and data strategy firm that provides analytical and technical services to the public and private sectors. His work and research has been featured in the academic, financial, and technical industries.

One More Reason To Hate The Banking Industry

Today, I received a letter from Wachovia, my bank. In this letter, Wachovia claimed to be “committed to meeting [my] needs” by telling me how to handle my money. More specifically, they told me that I was exceeding the number of times I could transfer money from my savings account into my checking account. Furthermore, if I have the nerve to do what I want with my money once more, they will kick the money in my savings account into my checking account and shut down the savings account.

Oh no! I might lose the one percent or so of internet I earn on it! Oh no, I will have pissed off one more bank because they won’t let me control _my_ money! Oh no!

Looks like I will just accelerate my planned transition to do all of my banking with ING, which has a checking account that earns 4+ percent.