When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you.
107 56 signed into law October 26, 2001)) requires all financial organizations to obtain, verify and record information that identifies each person who opens an account. We NEVER had issues with the company that they bought out.To help the government fight the funding of terrorism and money laundering activities, federal law (USA Patriot Act (Title III of Pub. The coup de grâce was when they wanted to start charging for paper. Plus, they missed over half of their pick ups over three months. No Richard, not at all! I dropped them because they increased the price. When I see the deduction online at my banks website, I simply record it in my checkbook. It's a recurring payment, just like electric and gas. They send an email notice a few weeks in advance of their auto draft from my checking account. I don't understand, Don old boy you dropped WM because they encourage paperless, yet want other companies to drop the paper?īTW, I too have WM, and agreed to drop the paper. I just need to get other companies to drop the paper. Needless to say, I dropped them for that and other reasons.īut I am OK with paperless. For instance, Waste Management took over our local rubbish removal/recycle company. Paperless payment of bills is great if that's what you want to do, but I think the paper option should remain for those who need it.īut some businesses are charging. For those people, paying their bills would be difficult if they didn't get it on paper. I know it's hard to imagine in 2022, but I suspect there are still lots of people who don't have Internet access (rather it be by choice, location, or because they can't afford it). Frankly, it's scary when you go in a business and your paper money is no good to them. A few months ago, I went to ship something at FedEx and had to put it on my credit card because they would not accept cash. I told them to forget it and I'd go to the post office (I think the PO was charging 90 cents for a MO and the bank wanted something like $5 for one).Īs far as doing away with paper currency and coins, I know there are some who want to do it and I have a big problem with it because if something gets hacked, your funds are locked up and it's also just another way for certain ones to keep track of every cent that comes and goes. Several years ago, I wanted to get a money order at my bank, until they told me what the fee was. The biggest thing that pisses me off about that is the interest they pay on my savings account isn't even that much. I can still get them, but they charge something like $2.50/month (on top of the regular service charge).
#T mo co paperless free
If the time comes where I no longer have Internet access, you all will be relieved of my constant ranting about Insurance companies and not being able to sell anything where I live, and I can easily go back to paying the bills the way I used to.Īs far as the bank, they cut out free paper statements several years ago. The reason I have it that way is in case there is a technical issue or I decide to stop paying Comcast nearly $100/month for Internet. They all have given me the option to go paperless, but I have not done that and I still get paper bills. I started paying all of our bills online when Covid took off and I must say that I don't miss all of those checks I was writing (those high-priced check orders go a lot further now) and I don't miss going in the post office on the first of the month to get a handful of stamps, and having to wait in a line that is wrapped halfway around the place with everyone getting postal money orders to pay their bills.
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