This e-mail touting an improvement to Citibank's online banking is not "good news" in my eyes:
Hi, Stephen. Good news! We've increased the daily and monthly limits for outgoing Inter Institution Transfers. You can now transfer up to $10,000 per day and $15,000 per month, originally $2,000 and $10,000 respectively.
As a reminder, with the Inter Institution Transfers Service, you can make a one-time transfer or set up recurring transfers for free between your Citi® and non-Citi checking, savings, money market and investment accounts. If you'd like to make a transfer today or learn more about Inter Institution Transfers, please visit Citi® Online.
I'll pay bills online, but allowing cash transfers to other banks runs the risk of a damaging hack. As we've
stated before,
For any account the theft of which would be very painful I have never allowed electronic transfers.
No comments:
Post a Comment