Forum Post: List of US banks openly supporting OWS
Posted 13 years ago on Oct. 17, 2011, 9:29 p.m. EST by msabinoe
(8)
This content is user submitted and not an official statement
I want to transfer my money out of Chase but I don't want to go to a community bank that has the same fee/penalty structure of the Big Banksters. Little Banksters are not much better than Big Banksters.
Are there any banks openly supporting OWS in the US?
Thanks, Mark E Metuchen, NJ
"Together we can ensure that these banking institutions will ALWAYS remember the 5th of November!! If the 99% removes our funds from the major banking institutions to non-profit credit unions on or by this date, we will send a clear message to the 1% that conscious consumers won't support companies with unethical business practices.
• Research your local credit union options • Open an account with the one that best suits your needs • Cancel all automatic withdrawals & deposits • Transfer your funds to the new account • Follow your bank's procedures to close your account before 11/05
FIND A CREDIT UNION USA: http://www.findacreditunion.com/ CANADA: http://locator.cucentral.com/ UK: http://www.findyourcreditunion.co.uk/"
Try a Credit Union. Owned by the members.
I think the Little Banksters are what could help. Lots of little banks with lots of competition from one another.
The Big Banksters are much worse than the Little banks. The have the power to destroy the world with their criminal greed. Little banks do not. Fees at the Little Banks are a relatively small price to pay for reducing the size and influence of Big Banks.
Our country is operated on the principle - Of the BIG banks, by the BIG banks and for the BIG banks.
Of course, credit unions are always an option too. But I would not discount the Small Banks.
Good points April. I have made my decision but just need to execute it properly. It is a lot of work to move everything but well worth it.
Glad to help. I have been trying to get my husband to move to a small bank. He has been resisting my attempts because of that same reason. It's a pain to move everything. Also, he is concerned about ATM access/fees. Another thing to consider. But I think it is worth it too! It actually makes me want to vomit in my mouth every time I have to walk into the branch of my BIG bank! It just makes me sick! I just need to convince him, but I'm pretty sure I'll be able to get him to come around! Good luck. Happy bank moving!
I don't mind the people who work in my local Chase branch, they're just employees trying to make a living. But the business model of their employer is what sickens me. BoA posted $6+ billion in profits over Q2? Just sickening...
I just wish USAA (the Veterans Bank) got back into the commercial banking game...they do commercial insurance, just not commercial banking.
mark, please...Move your money out of chase...even if the fee structure is no different...please move your money, chase is involved in all sorts of criminal activities
the moveyourmoneyproject website can help you find a local bank by zip code
Understood...I'm going to have to do something.
This is taken from a US History website. The first banks were created because the government needed money to get them out of debt after the war. They used these banks (and still do) to get us to deposit our money so they could use it to repay their debts! TAKE YOUR MONEY BACK!!
The war left us in debt. Some states were bankrupt. We needed one unified currency ... Hamilton suggested a central bank. (Please note the classical facade!) 1840 BANK NOTE
Click to learn more about this 1840 bank note, number 8894 The First Bank of the United States was needed because the government had a debt from the Revolutionary War, and each state had a different form of currency. It was built while Philadelphia was still the nation's capital. Alexander Hamilton conceived of the bank to handle the colossal war debt — and to create a standard form of currency.
My company's credit union doesn't have commercial accounts, and my wife and I have a small LLC for some rental properties we own.
The primary concern is finding a bank that can serve my business needs as well as those of the community rather than try to enrich themselves at the expense of the consumer.
http://moveyourmoneyproject.org/
Thanks sickmint79, I used this awhile back when it was first published but my local credit union doesn't have commercial accounts. The two local banks are fee-ridden and not ideal, and neither publicly support OWS...
Why do you feel it necessary to use a bank at all? Did you ever stop to wonder WHY banks were started in the first place? All banks, credit unions, etc are the same...they just tout different slogans, and all of them are bs.
To properly circulate money and shift resources. For example, when an individual would like to start a business, they made need initial capital. They would go to a bank and get a loan to start their business. A business that will hire new employees and provide an added value to the community. They then pay the loan back and the bank can distribute it to the next guy looking to start a business. This is really easy to understand.
If you don't have the money to start a business, keep saving! Why on earth would you want to let others use your money? Are you benefiting from this?
Yes - you're being paid interest. If you're not currently using it, someone else will pay you to let them temporarily use it. If you're not familiar with the concept of interest, I think you need to take a Finance 101 course and then come back to the debate. That's really basic stuff.
There are those of us who run businesses and require the services of banks. Not all corporations are evil leviathans.
Yes and all doctors are the same. And all car mechanics are the same. And all politicians are the same.
Spouting off uninformed BS does nothing but hurt the legitimacy of this movement.