November 5th, 2011
|02:46 am - Awesome protest and Bank Transfer Day|
Here's an awesome story of someone protesting and handling opposition perfectly, as well as a story of police who did their job perfectly.
In any case, the protest in question was the protest of banks and the suggestion that today (November 5) should be bank transfer day, where people protest the new fees and more generally, the vile policies of the various large banks by moving their money into credit unions and other small community owned banks. I highly support this, I can't take part, because I already moved my money to one. Three months ago, I was deeply annoyed by the fact that my bank of many years (US Bank) suddenly changed my a $25 fee for a wire transfer from the UK for a project that I'd done. Becca had been suggesting using her credit union for a while, which among other virtues is only five blocks away from here. So, I switched my account and in addition to them having a policy that they do not charge for receiving wire transfers, around that same time I received mail from US Bank noting that their "rewards checking" program with their debit cards would no longer offer any rewards (despite not changing its name). So, it you are able, transfer money from large banks to credit unions, if nothing else, the less money the large banks have the less they will be able to screw around with the national and world economy.
I can't do it either because I need to stick with some current bank policy/benefits things. But, hey, that policeman was amazing! You hear so many cop horror stories that it's almost shocking to hear of one who's doing it right. =D
You can always move *some* of your money!
The bulk of my funds, checking and savings, go into a credit union, but I still have a small balance in a big-bank account with better overseas debit/ATM access for business travel.
we will be doing this, but not this weekend, at least sort of.
we already moved all our stuff from bank of america to ing direct [who were them promptly ought by capital one] but mark just found a credit union that we will be looking into hopefully this month...
I started the process on Thursday, but given all the vagaries of direct deposits and debits, there’s no way I could do the dramatic gesture today. It’ll show up in the overall statistics for the month, though.
|Date:||November 6th, 2011 08:02 am (UTC)|| |
*nods* It took me around three weeks to move everything, redo paypal, credit card payments, automatic payments, and suchlike.
I'm already part of a credit union. they don't have the same thing over here in Korea, but my credit union in the states is wonderful and does not charge for receiving money from my Korean bank so I'm doing the best I can.