Monday, May 4, 2009

Bank Accounts

In an interesting development Wells Fargo Bank has decided to stop opening Resident Agent Accounts. The Resident Agent type of accounts are those where you did not need to come into the bank to open the account. You would fill out all of the paperwork and send it in along with your tax returns, verification that you are you via ID and utility bills. I do not understand how these can be problem accounts as they are completely verifying everything about you. But I do find it interesting that this occurs after the federal government "bails" them out. Anyone else find this interesting?

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