I'd love to know who they get to do this job

You MUST meet the following guidelines in order to qualify for this shop:

You are an existing customer with XXXXXXXXX with an Advantage OR MyAccess checking account
You have total account balances greater than $30,000 with XXXXXXXXXXXXXXXX
You have no relationship with XXXXXXXXXXXXXXXXX
You have a brokerage account at another financial institution

Maybe its me but if I had 30 grand in a checking account I wouldn't be mystery shopping.

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The above all for $20.00...takers, the line starts here.

Live consciously....

It pays 75.00 which is why I clicked on it but when I saw the specs I just LOL'd.

Why would anyone give them this kind of information?

We use a local credit union for our banking and are trying to get our mortgage over there as well. I despise this particular large bank (who used to be Fleet) and if I had 30 grand I would never put it there. If I had THREE GRAND I would never put it there.

I did two investment shops for a credit union that paid $70.00 each. We could give an alias, no credit check, no funds required, said I was coming into some $$ settling Mothers will, basically just finding out what Banker suggested, took 40 minutes, but report took 4 hours +.

You might still be msing with $30,000 in bank, as that is not alot these days.

Live consciously....

30 grand in checking - not savings. I did the same type of shops that you did and that was fine but the report was a nightmare.

You may think you'd stop shopping if you had $30,000. Maybe not, unless you found something you liked better. Money in the bank equals independence and financial security. It feels good, and the more you get, the more you want.

Mary Davis Nowell. Based close to Fort Worth. Shopping Interstate 20 east and west, Interstate 35 north and south.

I've worked since I was 15 and its not even just the money - its keeping your brain working - and your independence. The 5 years I spent home doing nothing when the kids were little pushed me to the edge almost. I just can't see someone who has brokerage accounts, 30 grand in a checking account, etc doing jobs like this, especially around where I live.

I question more why anyone would leave $30k in a checking account. Certainly in bank shops within the past year I have run into a couple that pay a nice interest rate on $0-$25k in checking accounts, but over that the rate falls to roughly that of a savings account. I am assuming these are to be personal checking as opposed to business checking accounts where monthly expenses could readily use half to two-thirds or more of that. For the individual, there are better places to put money.

I could see it in an account such as my mother in law has that is a money market that holds the trust from my father in law, but as a standard checking account? No. And I'm sure if you did have that amount of money in a checking account consistently the bank would have been bugging you like mad about investments already.

Yup, they are all too ready to tell you about buying their FDIC insured high yield CDs that are based on high dividend stocks, but they can't tell you more because it is a securities product so can only be discussed by their licensed investment brokers. Now if you would just like to leave your name and number they will have one contact you.

$30,000 may not be a lot these days, however, that kind of money being kept in a checking account? Totally doesn't make sense.

I know that banks I have shopped consider your "balance" your total of checking and savings as well as if you have a HELOC or mortgage with them, then its easy to go over the 30K mark. And not for nothing if I did have thirty grand the last bank I would leave it in would be this one.

Maybe slightly off topic, but a few years ago, in the midst of grad school (poor grad student, mind you) I had a car stolen and when I was cashing my insurance check, the teller at my bank roped me into talking with an investment banker. He literally said to me - wow, with all this money you have and how young you are, we could do a lot for you.

I wouldn't have bought make up from this investment banker, let alone take advice on how she thought I should spend/invest my money. I really felt backed into a corner and just sat in fear for nearly half an hour listening to this women go on and on. I then pulled all that money from the bank and opened a new account elsewhere. :-)

Reminds me of what I've been hearing lately with all the bank shops I've done. I try not to reveal my disgust for the 0.01% interest they're giving away on savings accounts, but I start getting roped into talking with another investment person.

I love doing bank jobs for small local banks; they are usually "home grown" and have terrific people working there.

The big ones with their "investment bankers" turn my stomach - they are nothing more than a used car salesman in a more expensive suit.

I saw that shop and found nothing wrong with it. I just did an account opening for that same company. If I had that bank, I would do the shop. $30,000 in this economy is not that much money.

$30 000 in a simple savings account would be a believable, easy-to-get-to emergency fund. but in chequing? I'm with the folks who think that sounds odd.

I just completed this job, and according to the senario you just have to tell them you have that much money in other accounts at other banks to get them to sell you on a particular account. It was the easiest $75 I have ever made.

Triple Platinum Certified - Shopping South Central Kansas

Other banks? It said in the scenario I got that it had to be at this particular bank.

kittybratt Wrote:
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> I saw that shop and found nothing wrong with it.
> I just did an account opening for that same
> company. If I had that bank, I would do the shop.
> $30,000 in this economy is not that much money.

A lot of that depends on what part of the country you are in. 35+ years ago when I lived in NYC my rent for a crummy little 1BR apartment was close to $800 per month. I moved to the Chicago area where I bought a 3BR house in the suburbs with a monthly mortgage payment of around $450, but heating the place and other costs of ownership got it to around $1000 per month average. Now I'm in an area where the cost of living is a whole lot lower overall so 35+ years after NYC my total monthly housing expenses are about half what they were in NYC. Meanwhile I'm sure I could not touch that crummy little 1BR apartment in NYC for anywhere near $800. $30,000 as an 'emergency fund' would handle several years of living expenses here or one major uninsured loss (which is why we buy insurance). So if I were going to keep that kind of money in a bank it would be in the form of laddered CDs with various maturity dates, not in a checking account.

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I'd love to know who they get to do this job

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