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Zendough?

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Anonymous
Not applicable

Re: Zendough?


@Anonymous wrote:

 

Yes, dear Emerita, it does bother me.  Still, I suppose they get a lot of the same data from their monthly soft pulls.  Alliant CU also has an account aggregator function. 

 

On a scale of 1 to 100, I trust Allliant about 95% and USAA about 93%.  Any other bank is just about SOL on the trust factor.


BoA has an account aggregator as well. A few years back, I thought, "Cool!" and linked all my accounts. That started an onslaught of BoA marketing calls, and junk mail. I received quite a few direct marketing calls from their affiliates. It took a while, and a direct reference to one of my linked accounts for me to figure out why the sudden onslaught of sales pitches. I deleted the accounts, and opted-out with BoA directly. It left an icky taste in my mouth that they so quickly & thoroughly leveraged that information for their own purposes, that I will never use one with any financial institution again. I went back to Microsoft Money (at the time, before it went belly up). And, I just have to remember userids & passwords for mobile apps on my iphone <sigh>.

Message 21 of 35
Anonymous
Not applicable

Re: Zendough?


@Anonymous wrote:

@Anonymous wrote:

 

Yes, dear Emerita, it does bother me.  Still, I suppose they get a lot of the same data from their monthly soft pulls.  Alliant CU also has an account aggregator function. 

 

On a scale of 1 to 100, I trust Allliant about 95% and USAA about 93%.  Any other bank is just about SOL on the trust factor.


BoA has an account aggregator as well. A few years back, I thought, "Cool!" and linked all my accounts. That started an onslaught of BoA marketing calls, and junk mail. I received quite a few direct marketing calls from their affiliates. It took a while, and a direct reference to one of my linked accounts for me to figure out why the sudden onslaught of sales pitches. I deleted the accounts, and opted-out with BoA directly. It left an icky taste in my mouth that they so quickly & thoroughly leveraged that information for their own purposes, that I will never use one with any financial institution again. I went back to Microsoft Money (at the time, before it went belly up). And, I just have to remember userids & passwords for mobile apps on my iphone <sigh>.


 

I still use MS Money!!  Smiley Happy

 

I knew there was a nefarious reason why banks offered free account aggregators.  I wonder why they even offer free billpay.

Message 22 of 35
chasmith
Valued Contributor

Re: Zendough?

USAA has an aggregator as well, I use it out of curiousity.

 

I switched from MS Money to Quicken this year since Money is discontinued.  I use Quicken and the fee-based Quicken Bill Pay.  I won't trust my financial record keeping or my bill paying to a bank - and when I've looked at bank billpay services I get the impression they work the float, deducting before the payment is actually delivered.

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Message 23 of 35
haulingthescoreup
Moderator Emerita

Re: Zendough?

 


@Anonymous wrote:

@haulingthescoreup wrote:

Out of curiosity, since you appear to be using USAA's account aggregator, are you at all perturbed that it seems like they might be aware of the specifics of your credit usage with other lenders?

 

I thought about starting to use it, and then I thought, no, as much as I like them, I really don't need for my main bank to be able to see all the nitty-gritty details of my transactions with other lenders.

 

Just curious.


Yes, dear Emerita, it does bother me.  Still, I suppose they get a lot of the same data from their monthly soft pulls.  Alliant CU also has an account aggregator function. 

 

On a scale of 1 to 100, I trust Allliant about 95% and USAA about 93%.  Any other bank is just about SOL on the trust factor.


 

I'm OK with them seeing total amounts charged on my other accounts via soft pulls. Who knows, maybe they'll get inspired to do something in the rewards area!?!

 

But if I'm able to log in to USAA to see if a new PenFed charge has hit, or a new Chase Freedom charge has posted, I assume that they can see this as well. When charges post, they list where the card was used. They might even have the category of usage (groceries, music, etc.); I don't know. And I haven't decided if I'm OK with that. That's way more than they can see with a simple soft pull.

 

Unlike others, I don't care if they see my charges at Booze 'R' Us.  Smiley Happy  If a bank doesn't like where I use its card, I'll be happy to cancel that card. I'm just not sure that I want them to be able to paint a portrait of my life via my usage of other lenders' CC's, since I'm one of those who uses plastic for everything. Quite literally, the only things I routinely use cash or checks for are a roll of quarters for the laundry room and my weekly check to church.

 

I'm with you on the trust level, but still... I don't want to be a new guinea pig for marketing majors to study. Let them go peruse Facebook or something. Smiley Tongue

 

And as for Mint, which was being discussed earlier, they have never, ever managed to be able to update my USAA accounts, except for the initial day of registration. And since that's most of my retirement, all of my banking, my auto insurance, and two of my CC's, that means that Mint is useless for providing any kind of overview of my finances.

 

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 24 of 35
Anonymous
Not applicable

Re: Zendough?


@haulingthescoreup wrote:

 


@Anonymous wrote:

@haulingthescoreup wrote:

Out of curiosity, since you appear to be using USAA's account aggregator, are you at all perturbed that it seems like they might be aware of the specifics of your credit usage with other lenders?

 

I thought about starting to use it, and then I thought, no, as much as I like them, I really don't need for my main bank to be able to see all the nitty-gritty details of my transactions with other lenders.

 

Just curious.


Yes, dear Emerita, it does bother me.  Still, I suppose they get a lot of the same data from their monthly soft pulls.  Alliant CU also has an account aggregator function. 

 

On a scale of 1 to 100, I trust Allliant about 95% and USAA about 93%.  Any other bank is just about SOL on the trust factor.


 

I'm OK with them seeing total amounts charged on my other accounts via soft pulls. Who knows, maybe they'll get inspired to do something in the rewards area!?!

 

But if I'm able to log in to USAA to see if a new PenFed charge has hit, or a new Chase Freedom charge has posted, I assume that they can see this as well. When charges post, they list where the card was used. They might even have the category of usage (groceries, music, etc.); I don't know. And I haven't decided if I'm OK with that. That's way more than they can see with a simple soft pull.

 

Unlike others, I don't care if they see my charges at Booze 'R' Us.  Smiley Happy  If a bank doesn't like where I use its card, I'll be happy to cancel that card. I'm just not sure that I want them to be able to paint a portrait of my life via my usage of other lenders' CC's, since I'm one of those who uses plastic for everything. Quite literally, the only things I routinely use cash or checks for are a roll of quarters for the laundry room and my weekly check to church.

 

I'm with you on the trust level, but still... I don't want to be a new guinea pig for marketing majors to study. Let them go peruse Facebook or something. Smiley Tongue

 

And as for Mint, which was being discussed earlier, they have never, ever managed to be able to update my USAA accounts, except for the initial day of registration. And since that's most of my retirement, all of my banking, my auto insurance, and two of my CC's, that means that Mint is useless for providing any kind of overview of my finances.

 


 

 

I agree with you, Emerita.

 

By the way, you also shop at Booze 'R' Us???  Smiley Happy

Message 25 of 35
Anonymous
Not applicable

Re: Zendough?


@chasmith wrote:

USAA has an aggregator as well, I use it out of curiousity.

 

I switched from MS Money to Quicken this year since Money is discontinued.  I use Quicken and the fee-based Quicken Bill Pay.  I won't trust my financial record keeping or my bill paying to a bank - and when I've looked at bank billpay services I get the impression they work the float, deducting before the payment is actually delivered.


MS Money is coming back.  The latest version is still being supported pending a re-release of Money in something like an open source version.

 

USAA has two methods by which they pay bills you have scheduled.  One, of course, is electronically and your account is debited when they withdraw the funds.  If, however, they cannot pay electronically, they send a check drawn on your account.  Those funds are debited when the check actually clears.  I'm not sure how other banks do this.

 

In any event, isn't writing as check also allowing your bank to work off the float?

 

I just don't get why banks are so "kind" as to give us a free, nifty bill paying service.  Somehow, somewhere ... I smell a rat.

Message 26 of 35
vanillabean
Valued Contributor

Re: Zendough?

 


@haulingthescoreup wrote:
I'm OK with them seeing total amounts charged on my other accounts via soft pulls.

 

I'm not sure what a soft pull is in this context, but if a credit card statement's payment amount is withdrawn from your bank, then obviously the bank can see that amount.

 

Message 27 of 35
Anonymous
Not applicable

Re: Zendough?


@Anonymous-own-fico wrote:

 


@haulingthescoreup wrote:
I'm OK with them seeing total amounts charged on my other accounts via soft pulls.

 

I'm not sure what a soft pull is in this context, but if a credit card statement's payment amount is withdrawn from your bank, then obviously the bank can see that amount.

 


I think Emerita means that when your creditor does their periodic soft pull of your credit report they can see what all your credit card balances were and how much your payment was for.

Message 28 of 35
haulingthescoreup
Moderator Emerita

Re: Zendough?

 


@Anonymous wrote:

...By the way, you also shop at Booze 'R' Us???  Smiley Happy


I have a personalized cart, thank you.  Smiley Happy

 

 

Newest find: Bogle Vineyards Old Vine Zinfandel, 2007 or 2008. I hope everyone thinks it's super-icky, because I've gone to a lot of trouble to NOT develop a palate and thus enjoy wines that go for $5 - $9.99 a pop. And this one's at the top of my price range. I usually hover in the $5.99 range.

 

I won't buy Two-Buck Chuck, though. I do have my standards. Smiley Very Happy

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 29 of 35
vanillabean
Valued Contributor

Re: Zendough?

I remember buying a six-pack of Two Buck Chuck at Trader Joe's a few years ago when it was quite the rave. I don't drink a lot of wine, so no problem. Smiley Very Happy

 

Message 30 of 35
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