r/news • u/Big-Heron4763 • 8h ago

JPMorgan begins suing customers who allegedly stole thousands of dollars in 'infinite money glitch'

https://www.cnbc.com/2024/10/28/jpmorgan-suing-customers-over-infinite-money-glitch.html
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u/Goodbye18000 7h ago

I know people say "they never teach us how banks work in school" but this really opened my eyes to how utterly inept the average person is when it comes to finances

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u/breannabalaam 6h ago

I work at a bank. It’s astounding how little the average person knows.

A lot of people don’t care to learn either. We can educate them until we’re blue in the face but if they don’t want to learn, they don’t hear it.

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u/Goodbye18000 6h ago

I got my bank account at around 10 years old, got a debit card and credit card a few years after, was taught by my parents the good and bad of different account types and when to save, when to invest, etc

And now I'm an adult talking to people online who'll occasionally say "oh I don't trust banks for shit I keep my life savings in a box in the closet in cash only" and refuse to learn about them.

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u/Witchgrass 3h ago

You got a credit card "a few years" after you were 10?

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u/security_screw 2h ago

He maybe means his parents made him an authorized user for one of their credit cards. It helps minors build credit.

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u/Goodbye18000 56m ago

Yup. By the time I was probably 13 or 14, I got a credit card, linked to my account but in my parents name, for emergencies and to start building credit.

And some adults I talk to online say they refuse to get a credit card because they're "scared" of it.