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Originally Posted by smpllf
That is 1 way to earn money but for me it's a bit risky. Lately I heard a lot about missing data. Even if I close the account most of the financial institutions still keep my personal info in archive tape/disk. What if the tape or hard drive that has my info is lost - it's not worth it. I don't feel comfortable giving them my personal info to open another account just to get some $.
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Understood. But just think of all the institutions that can lose your personal data: the IRS, the SSA, the FBI, your state tax department, the DMV, your brick-and-mortar bank, schools and colleges you previously attended, any company that you have a loan through, military organizations (if you previously served), credit bureaus, any company that handles personal information for other companies, your mail carrier, the post office, anyone with access to your mailbox, utility companies, anyone that can hack into your computer with financial information on it, ..........................