Forum Post: closing bank account with BA & citi
Posted 13 years ago on Oct. 16, 2011, 12:09 a.m. EST by dorrimichaels
(6)
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I heard that were running on the banks that took our $ and still continued to pay the ones responsible for our crisis hug bonuses...& our government said or did nothing!! I'm all for this!! Is this a united front? Best way to get there attention is to STOP DOING BUSINESS with the crooks...hello nation!! Wake up & stop playing victim!! Take action or shut up and park your opinions with the very ones who do not care about the 99%.
Please offer a list of banks that are for the most part less dirty than the ones we know about. Closing my accounts 1st thing Monday morning!! Cash isn't a bad place to be right now anyway!!
I posted this tonight in another forum: New Goal for the 99%: Pull ALL of your money out of each and every bank that got bailed out or you feel is ripping you off with monthly fees and hardly no interest rate. MOVE your MONEY to someplace safer and where it's respected! Otherwise big corporations and banks will just keep sucking us dry.
I started paying everything in cash. But much to my surprise one of my utility companies won't take cash. Big surprise the bankers got their congress to pass a law some years ago. Now companies can turn down cash. Great for banks. But I just buy a money order and pay them with that.
That's right I closed my account and got my cash months ago. When you take out cash they get pissed. They made me wait three days, then two more. They said they didn't keep that much cash on hand. The manager came and got me from the teller window and took me into his office, he tried to talk me out of it. He rambled on with all kinds of BS, tried to scare me suggesting someone might mug me or brake into my house. I explained that If I'm goanna get robbed I'd rather go head to head with a guy with a gun at least I can look him in the eye and shoot him. Anyways, I said bankers steel more than gunmen ever thought of. The more they tried to talk me out of it the more I shared facts and feelings about bankers, they were visibly mad, said they had to fill out a lot of forms when people took out this much money, insinuated the government would be watching me closely. I explained that I understand fractional reserve banking and therefore understand why they didn't want to part with the cash but I stayed calm. I was in his office for over an hour then he told me I would have to wait three days. I said no problem give me you card and I'll call you Wednesday, Wednesday rolled around and they still didn't have it all so I took what they had and said I'll call you tomorrow, the next day they had some more and by Friday I had all of my money but I never got mad. Even when I was hitting them with some very offensive facts about what low lifes bankers are I kept a calm polite demeanor.
So was the "we don't keep that much cash on hand" for real or a stall tactic. Can you imagine if hundreds or thousands went into the same bank to pull their money out? I'm pulling my cash out on Monday.
No it's true, they keep just enough cash on hand to get though a typical day they kind of treat it like fresh fruit. At the particular branch I was at he said they keep less than 10,000 on hand. All banks work off the fractional reserve system if all their depositors demaned their cash and gave them a week to come up with it they can only come up with about ten percent. Watch the Documentary called Money Masters on YouTube it is about three hours long but it covers the entire history of banking real interesting.
A lot of banks don't keep much cash on hand. They don't want you to know your money's not in there. It's my understanding they take your money and lend it back out at favorable rates (institutional loans), in effect, making a profit off your money. Another dirty little secret of the banking industry.
Use a credit union or community bank.
Dude, i spent all my money on weed. That's why i'm protesting! WE NEED MORE WEED ! I swwear if everyone got free weed, we'd all be happier.
for sure.