(Oct 26, 2023 12:08 PM)noEsc Wrote:  Hard to say exactly. The front line reps typically submit a report and that goes over to fraud teams beyond that I'm not 100%. But I'd imagine someway or another gets sent to the feds.

(Dec 29, 2021 03:22 PM)noEsc Wrote:  As title says im a banker i work with bank accounts, certificate of deposits, and credit cards. Im fairly knowldgeable on banking regulations and budgeting that may or maynot assist you all for your personal finance questions... ask me anything.

I of course will not give out customer info or name of where i work.

(Oct 26, 2023 08:27 PM)tradez Wrote:  what do you do for fun?

(Oct 26, 2023 10:25 PM)Loud Wrote:  How often do you see fraud within your business?

(Nov 4, 2023 01:38 PM)noEsc Wrote:  Lately I play mobile games with my spouse.

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Quite literally everyday. It's probably half the calls I handle every day. I'd estimate I take 25-40 calls a day as well.

(Oct 29, 2023 11:30 AM)Tor Wrote:  What's your best piece of advice for someone looking to improve their financial situation?

(Nov 4, 2023 01:55 PM)Crowned Wrote:  Since you see fraud everyday, do you mostly react to larger sums of money or even the small ones? How do I launder money without the banks noticing? 😁

(Nov 4, 2023 02:00 PM)noEsc Wrote:  Improving finances tips is kind of difficult for me to be effective for that person or for you so it's hard for me to say since everyone's different. I'd be happy to give more personalized info and guidance in direct messages if you don't want your personal info public here ( I'm not selling anything but as I type this that might not be a bad idea ) and I'd be glad to help. I find educating people in finance pretty rewarding and fun.

However, understanding how credit works, and using credit cards to your advantage is so underutilized. There's a lot of people that think it's scary or dug a 'inescapable' hole but it's much easier to dig out of and benefit from it's crazy. Knowledge has huge power in credit.

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Fraud is almost always done under 10k unless it's wire fraud. I think because I've become so accustomed to fraud it's not really the amount or volume but the situation. It's absolutely crazy the amount of people that still fall for the most basic scams... Paying the "irs" in gift cards... Or the "my social security number was hacked" and paying them in gift cards or whatever. The ones I enjoy looking at is people that think they're so slick trying to filter money through a personal account and it's actually for this business, or laundering. Some people are just so obvious.

Edited*** not answering money laundering questions. I didn't before but my answer was probably borderline. I'm not risking it.

(Nov 4, 2023 09:11 PM)Crowned Wrote:  In which country do you work? If you do not want to answer that, at least which region? EU? NA? I completely understand your wanting to stay somewhat anonymous. As I suppose, the banking system is a bit different from country to country. From your responses, I'm guessing it's NA?
Do you see many people with horrific credit scores who are still trying to get loans or whatever else it may be?
What's the easiest/fastest way to significantly improve your credit score?

Sorry for so many questions 😁

(Dec 29, 2021 03:27 PM)noEsc Wrote:  definately... FDIC only insures up to so much but thats really only if the bank fails... which they wont because feds will always bail banks out.
but some rich people really dont care because they have more money in other places so they really dont give a shit. it pisses me off to be honest.

edit: unless you mean unsafe against fraud... but at that point it doesnt matter. bank is legally obligated to refund FRAUD per regulations. but even when fraud happens theres limits in play that stop that sort of thing.

(Nov 5, 2023 07:21 AM)Immortal Wrote:  They did not bail out Svb (Silicon Valley Bank) that was 48hours and gone.

(Nov 5, 2023 08:51 AM)noEsc Wrote:  What do you mean? Are you implying I said they bailed out svb? Svb wasn't really bailed out.

(Dec 29, 2021 03:27 PM)noEsc Wrote:  definately... FDIC only insures up to so much but thats really only if the bank fails... which they wont because feds will always bail banks out.
but some rich people really dont care because they have more money in other places so they really dont give a shit. it pisses me off to be honest.

edit: unless you mean unsafe against fraud... but at that point it doesnt matter. bank is legally obligated to refund FRAUD per regulations. but even when fraud happens theres limits in play that stop that sort of thing.

(Dec 29, 2021 03:27 PM)noEsc Wrote:  definately... FDIC only insures up to so much but thats really only if the bank fails... which they wont because feds will always bail banks out.
but some rich people really dont care because they have more money in other places so they really dont give a shit. it pisses me off to be honest.

edit: unless you mean unsafe against fraud... but at that point it doesnt matter. bank is legally obligated to refund FRAUD per regulations. but even when fraud happens theres limits in play that stop that sort of thing.

(Nov 5, 2023 09:58 AM)Laughing Man Wrote:  Gotcha, so stuff my mattresses full of $100 bills to keep it liquid but safe!

(Nov 5, 2023 10:35 AM)Sirius Wrote:  Wdym? He said that your money is essentially safe against fraud and theft

(Nov 5, 2023 09:58 AM)Laughing Man Wrote:  Gotcha, so stuff my mattresses full of $100 bills to keep it liquid but safe!

(Nov 5, 2023 12:02 PM)Laughing Man Wrote:  Yeah but is it safe from the government.

because honestly t(-_-t) the government.