Nov 5th: Bank Transfer Day! Move Your Bank Account!

Discussion in 'Occupy Movement' started by skip, Oct 28, 2011.

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  1. skip

    skip Founder Administrator

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    The Occupy movement is asking people to move their accounts from the Big Multinational Banks to Credit Unions on Nov 5th, 2011.

    The big banks are bleeding the people dry at the time of the worst financial crisis in our lifetimes. They keep raising rates and fees which few people can afford right now.

    So it's wise to move your account to a local bank that doesn't lose your money by betting on derivatives and cries they're not making enough money!

    Here are 10 reasons why you should close out your account and join a credit union. I'm joining a credit union today, not gonna wait!

    http://www.nafcu.org/uploadedFiles/...st/SF82-Benefits of CU InsertUpdated10.11.pdf
     
    skip, Oct 28, 2011
    #1
  3. Boogabaah

    Boogabaah I am not here

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    done.
     
    Boogabaah, Oct 28, 2011
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  5. Aerianne

    Aerianne Lifetime Supporter Lifetime Supporter

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    [​IMG]
     
    Aerianne, Oct 28, 2011
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  7. Jo King

    Jo King wannabe

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    I moved when chase took over washington mutual
     
    Jo King, Oct 28, 2011
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  9. skip

    skip Founder Administrator

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    I did it! My new credit union charges NO FEES for checking or savings (even for business!). No ATM fees. First batch of checks are free! Low, low interest for loans, and they are EAGER to lend money, especially to new start-up bizes!

    And right now they're seeing a HUGE influx of cash as people move money from the Big banks to CUs. So they have more money than ever to lend. And guess what? Lending money is how they make money (remember when big banks used to do that?). Since they charge no fees for other services, loans are essential to their biz.

    And it's easier to bank at a CU! No deposit or withdrawal slips. Want cash, just walk up to the teller and ask for it! No check made out to cash needed!

    And my CU had NO LINE at all when I walked in there on a Friday afternoon! Imagine the lines at the Big banks!

    And yes, the CUs are backed up by the FDIC, just like regular banks, up to $250,000 so your money is safe.
     
    skip, Oct 29, 2011
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  11. SpacemanSpiff

    SpacemanSpiff Visitor

    I prefer to just use my 1000lb safe and not leave a trail for the government
     
    SpacemanSpiff, Oct 29, 2011
    #6
  13. Argiope aurantia

    Argiope aurantia Member

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    I don't think my city has a credit union... D:
     
    Argiope aurantia, Oct 29, 2011
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  15. Justin_Hale

    Justin_Hale ( •_•)⌐■-■ ...(⌐■_■)

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    Justin_Hale, Oct 29, 2011
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  17. Argiope aurantia

    Argiope aurantia Member

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    If nothing else, our bank is small and local, even though it's for-profit. Those aren't so bad. We don't have the means to travel out-of-town for banking.
     
    Argiope aurantia, Oct 29, 2011
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  19. indydude

    indydude Senior Member

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    I've heard over 300 small banks have closed or been bought by corporate banks since the recession started. The TARP funds were to save banks not to be used to make the corporate banks bigger and more powerful. I belong to two credit unions already. My mortgage bank, National City, recently got bought by PNC. I need to refinance on Nov. 5th or at least try if my credit number isnt to low.
     
    indydude, Oct 29, 2011
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  21. Kinky Ramona

    Kinky Ramona Back by popular demand!

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    I never had a bank account, have always been with a credit union. :) It was the smarter choice in the first place, much fewer fees and lower fees when applicable, such as bounced checks and late payments. But I don't trust them enough to leave money in my account for long, I just use my checking account to pay bills online and do online shopping.
     
    Kinky Ramona, Oct 29, 2011
    #11
  23. Lodog

    Lodog Senior Member

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    When I first started banking I used a credit union. Then I switched over and found out that other banks suck.
     
    Lodog, Oct 29, 2011
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  25. MayQueen~420~

    MayQueen~420~ ♫♪♫♪

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    Fuck banks! I use a pre-paid debit card, way too many people I know have been screwed by banks.
     
    MayQueen~420~, Oct 29, 2011
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  27. Jo King

    Jo King wannabe

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    pre-paid, how much does that cost you
     
    Jo King, Oct 29, 2011
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  29. midgardsun

    midgardsun Senior Member

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    bank runnnnnnnnnnnnnnnn!!!!!

    https://www.youtube.com/watch?v=qu2uJWSZkck"]The Bank run - YouTube
     
    midgardsun, Oct 30, 2011
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  31. puffed up in my ford

    puffed up in my ford Senior Member

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    this!! fuck any type of bank.
     
    puffed up in my ford, Oct 30, 2011
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  33. midgardsun

    midgardsun Senior Member

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    list of recent bank runs
     
    midgardsun, Oct 30, 2011
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  35. Argiope aurantia

    Argiope aurantia Member

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    This looks like fun! Bring it on!
     
    Argiope aurantia, Oct 30, 2011
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  37. indydude

    indydude Senior Member

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    While we're at it cut up all your Big Bank credit cards and go with pre-paid cards. Only pre-paid cards that are from local credit union. And dont give business to Big Box stores like Wally-Mart.
     
    indydude, Oct 30, 2011
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  39. Aerianne

    Aerianne Lifetime Supporter Lifetime Supporter

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    The Credit Union National Association (CUNA) reports that a whopping 650,000 Americans have joined credit unions since Sept. 29 -- the date that Bank of America announced it would start charging a $5 monthly debit fee, a move it backed down on this week. To put that in perspective, there were only 600,000 new members for credit unions in all of 2010.
     
    Aerianne, Nov 5, 2011
    #20
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