The future of finance is self-driving money
For those looking for financial institutions that don&#x27;t gouge you here are some recommendations:<p>* Vanguard - They have been around since the 1970s and started the whole war on investment fees. Wealthfront tries to sell how advanced they are, but it&#x27;s mostly a re-packaging of what Vanguard has been doing for decades. Customers are shareholders so you don&#x27;t have misaligned incentives. They have tons of well managed low fee index funds. Vanguard works for most people
* Ally Bank - they don&#x27;t charge many fees, reimburse atm fees, and give competitive savings rates
* Local credit unions - there are many local credit unions that have very fair policy and terms.<p>I find it ironic that this article hypes all these vc driven startups who are largely have the same incentives as the existing greedy banks and ignores existing institutions that have fair governance models and have been delivering fair and affordable financial products for decades.