Paypal was an early example, and was (and is) a great business. But in the last ~2 years some newer entrants became much better products qua products than Paypal is. Some of them seem like a better basic banking product than any actual basic banking product.
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Me: "Sorry, I work in the industry and geek out on this stuff. Yes, I'm mortgage shopping opened an account with them for the same reason as you: because one of you will get a mortgage from me. Does that work for you?" That, of course, worked for them.
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One of the reasons I try to write about this sort of thing so much is to make the point that in addition to the mechanical operation of systems there is substantial human subjectivity and that there are ways to play the game better than the default. I'd prefer they not be secret.
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Probably because they think you're committing fraud.
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I am endlessly amused by financial institutions' willingness to write "Informed about regulations/etc effecting us" as one of the things that front-line employees should be on the lookout for as as a sign of a potential fraudster.
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