#BankTransferDay?

  • Posted by a hidden member.
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    Nov 05, 2011 3:59 PM GMT
    800px-Bank_Transfer_Day_poster..jpg

    You gonna move your money?
  • Posted by a hidden member.
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    Nov 05, 2011 4:14 PM GMT
    According to reports 5.4 billion has been transferred in the month of October leading up to today.. we shall see just how much moves after today.
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    Nov 05, 2011 4:21 PM GMT
    GrowAPair saidYou gonna move your money?

    I already use both. The thing about the free marketplace, which many condemn, is you have the freedom to vote with your feet. If you feel the bank fees are too high and/or the service lacking, you have the freedom to go to credit unions or smaller banks. Isn't that how things should work?

    Same with beer. If you're tired of the bland national brands, you can support local microbreweries. It's called freedom of choice.
  • creature

    Posts: 5197

    Nov 05, 2011 5:02 PM GMT
    It's not just individual accounts, but people are also moving business accounts:

    http://www.huffingtonpost.com/2011/11/04/small-businesses-switching-from-big-banks-to-local-banks_n_1070547.html

    Good for them!
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    Nov 05, 2011 5:04 PM GMT
    Yep. I did it yesterday.
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    Nov 05, 2011 5:18 PM GMT
    creature saidIt's not just individual accounts, but people are also moving business accounts:

    http://www.huffingtonpost.com/2011/11/04/small-businesses-switching-from-big-banks-to-local-banks_n_1070547.html

    Good for them!
    "Since he transferred his business accounts to Seattle Bank, Meinert no longer has to deal with the powerless branch banker. He has noticed some immediate differences. "For one, I had a conversation with the executive vice president. That's a huge difference in itself," he says, laughing. "The higher-ups of the bank are able to come to my restaurant and have a meal. They are customers of my business, and I'm a customer of theirs. It's also just the whole vibe of knowing people and knowing they're decision-makers of the bank. I've been able to meet board members of the bank. They're local people who live here, work here -- they're going to be at this bank for a long time.""

    And there it is!
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    Nov 05, 2011 5:34 PM GMT
    I closed my Bank of America accounts. I'm now with a local credit union.
  • NerdLifter

    Posts: 1509

    Nov 05, 2011 5:42 PM GMT
    Opened a credit union account a couple months ago. Already closed one of my Bank of America accounts.
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    Nov 05, 2011 6:10 PM GMT
    In 2010, the top 25 banks controlled about 61 percent of all deposits, but made only 20.3 percent of all small business loans. Smaller banks held about 39 percent of all deposits but made 79.4 percent of all small business loans. Want to help the economy? Switch to small banks and credit unions.
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    Nov 05, 2011 6:18 PM GMT
    i've been a credit union acct holder since i was 16. there are almost zero fees.

  • Nov 05, 2011 6:24 PM GMT
    I work for a local bank in Chattanooga. We had a few people come switch to us today mainly because of the great bonuses being given. Our bank has very low service charges compared to other banks and many customers qualify to have service charges waived because of various reasons. Overall, I'm proud to be apart of the company.
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    Nov 05, 2011 6:26 PM GMT
    I was banking with a local bank before it became cool. Does that make me a trend setter? lol
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    Nov 05, 2011 7:28 PM GMT
    I participated yesterday (Friday) and closed my Chase account and opened one with a local credit union.
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    Nov 05, 2011 10:19 PM GMT
    socalfitness said
    GrowAPair saidYou gonna move your money?

    I already use both. The thing about the free marketplace, which many condemn, is you have the freedom to vote with your feet. If you feel the banks fees are too high and/or the service lacking, you have the freedom to go to credit unions or smaller banks. Isn't that how things should work?

    Same with beer. If you're tired of the bland national brands, you can support local microbreweries. It's called freedom of choice.


    Yes! I have always said that for every dollar you spend or allow someone else to manage for you, each one of those dollars is a vote on your part that determines the structure of the market we live in.
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    Nov 05, 2011 10:32 PM GMT
    flatstate2010 saidI was banking with a local bank before it became cool. Does that make me a trend setter? lol


    No, it makes you hipster cat.

    hipster_cat_of_the_day.jpg

    [img]http://www.zootpatrol.com/wp-content/uploads/2011/01/hipstercat.jpg
    [/img]
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    Nov 05, 2011 10:39 PM GMT
    You know, I did just the opposite, a few years ago. I really, really tried to stay with a local bank but they just fucked me again, and again, and again.

    (For one thing, they talked me into refinancing my mortgage with them, specifically on the grounds that I'd have local people to talk with if any issues arose. They immediately turned around and sold it to an anonymous fund in a slice&dice package. icon_mad.gif )

    One day, I just walked across the street and put my business accounts in a national bank branch. Not too long after that, the Feds shut that local bank down. And good riddance.
  • 6packabs

    Posts: 216

    Nov 06, 2011 12:30 AM GMT
    Haven't heard of this yet.

    I do love that many people are figuring out the banking system, realizing that the Marxist, privately held Federal Reserve Bank of monopoly is the greatest destructive force in America today. Congressman Ron Paul is the only guy in Washington D.C. who has been shouting the alarm bells for years over this wicked system, what is called the "moneyed monster" which began its cartel in 1913, one of the most destructive years in US history in terms of legislation and the butchering of American freedom.

    Get the book: "The Creature From Jekyll Island" for some of the best and hidden history you've ever read. It's a masterpiece, written by Telly award winning film maker G. Edward Griffin. It is a must have for every personal library.
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    Nov 06, 2011 12:34 AM GMT
    socalfitness said
    GrowAPair saidYou gonna move your money?

    I already use both. The thing about the free marketplace, which many condemn, is you have the freedom to vote with your feet. If you feel the bank fees are too high and/or the service lacking, you have the freedom to go to credit unions or smaller banks. Isn't that how things should work?

    Same with beer. If you're tired of the bland national brands, you can support local microbreweries. It's called freedom of choice.




    Who here is against the 'free Market' ? I have noticed however that you and a few others are against any restraints on the 'slicing and dicing' that brought down the Banks, the markets and our economy with it.

    I too like the 'free market', especially when the free public catch on to the crooked dealings of the largest banks, who took the US Tax Payers for a ride to economic hell. With any luck the now informed and disgusted public may transfer enough their funds to put a crimp in the banks ability to take us on another ride to hell. OH HOW I HOPE !!!!
  • turtleneckjoc...

    Posts: 4685

    Nov 06, 2011 12:42 AM GMT
    I'm gonna be different here....For now, I am keeping my money at Bank of America. I get great service at my local branch and like the fact they have the latest in consumer products and services, which (at least in Central Florida, anyway) Credit Unions do not.

    Back in the day when I was in banking and finance, I did work for a Credit Union for a couple of years. It was run like Billy Bob's General Store!
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    Nov 06, 2011 2:41 AM GMT
    05b1a1f22ff17b013a62a927bd89acd6bbbd739d
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    Nov 06, 2011 2:59 AM GMT
    CHIdude said05b1a1f22ff17b013a62a927bd89acd6bbbd739d


    YES
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    Nov 06, 2011 3:09 AM GMT
    abm1985 said
    CHIdude said05b1a1f22ff17b013a62a927bd89acd6bbbd739d


    YES


    Hey abm, thanks for the list. You are quite beautiful icon_redface.gif
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    Nov 06, 2011 3:19 AM GMT
    6packabs saidHaven't heard of this yet.

    I do love that many people are figuring out the banking system, realizing that the Marxist, privately held Federal Reserve Bank of monopoly is the greatest destructive force in America today. Congressman Ron Paul is the only guy in Washington D.C. who has been shouting the alarm bells for years over this wicked system, what is called the "moneyed monster" which began its cartel in 1913, one of the most destructive years in US history in terms of legislation and the butchering of American freedom.

    Get the book: "The Creature From Jekyll Island" for some of the best and hidden history you've ever read. It's a masterpiece, written by Telly award winning film maker G. Edward Griffin. It is a must have for every personal library.


    +1
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    Nov 06, 2011 3:20 AM GMT
    turtleneckjock saidI'm gonna be different here....For now, I am keeping my money at Bank of America. I get great service at my local branch and like the fact they have the latest in consumer products and services, which (at least in Central Florida, anyway) Credit Unions do not.

    Back in the day when I was in banking and finance, I did work for a Credit Union for a couple of years. It was run like Billy Bob's General Store!


    Excellent points.
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    Nov 06, 2011 3:42 AM GMT
    GrowAPair said800px-Bank_Transfer_Day_poster..jpg

    You gonna move your money?


    Already did, from Wells Fargo to a locally own and run bank. Excellent service, they know my name when I come in the door. I am treated like a valued business and personal banking customer as I moved both accounts there! The big 'banksters' are ruining this country!! Screw them!