Is it American to do this? I know where I would do my banking real quick, huh?
2007-02-13 08:22:21 · 4 answers · asked by zeepogee 3 in Business & Finance ➔ Personal Finance
This was in the Wall Street Journal today (2/13/07). I posted a question about it under "Credit."
I think it's outrageous. Has everyone forgotten that illegal aliens are CRIMINALS?? Why are we enabling illegal aliens to come on over and blend in undetected by offering them credit cards, mortgages, and bank accounts??
Besides, if you don't have a credit history or a social security number (which you don't need in order to open this B of A account), then why would you pay your bill?! You're not any worse off than you were before. So the rest of us will pay higher interest rates and fees to cover all the defaults this could cause.
I think its a huge, unnecessary, and unAmerican risk that B of A is taking.
2007-02-13 09:21:44 · answer #1 · answered by lizzgeorge 4 · 0⤊ 0⤋
All banks have to follow laws from the US Patriot act as far as lending and even opening up bank accounts. They have to have proper identification required by the act and Know Your Customer (KYC) procedures. Even if somebody doesn't have a social security card they have to have other identification a secure reliable form of ID issued by a Consulate.
2007-02-13 10:58:39 · answer #2 · answered by Meesha 2 · 1⤊ 0⤋
Bank of America is simply in it for the money like all banks
2007-02-13 09:07:08 · answer #3 · answered by hobo 7 · 0⤊ 0⤋
I bank there, but where did you hear this from?
2007-02-13 08:50:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋