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Comment on What Happens When Your Bank Isn't a Bank and Your Money Disappears?parent

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The marketing I got from Chase after the buyout made me realize they may know what assets they got, but not what customers.

True, I am not wealthy enough for Chase to care, but they send me marcom as if I had zero understanding of finance, to the point of it being offensive.

I am in the process of moving my personal accounts out, to another bank who is willing to put me in the correct cohort (I realized I’m paying them ~$500/year for that btw. Which is very little considering the costs). My mortgage would stay at Chase, because of interest rates, and I’ll have to keep getting marcom that assumes I think of it as a IOU and not a financial instrument.

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