I HATE BANKS JUST CAN'T STAND 'EM  2:10 pm November 4, 2011

Saturday Is Bank Transfer Day, So What Will You (We) Do?

by Ken Layne

Fuck these people.It says a lot about the Internet that the first thing we saw about the November 5 Anti-Bank Action Day was a snide remark. Something along the lines of “Good job dumb hippies, banks are closed on Saturday.” First of all, not true at all! Bank headquarters are closed on Saturday, but most bank branches nationwide are open on Saturdays, at least until noon. And, for those who still have weekday work schedules, Saturday makes a lot more sense than, say, a weekday. Anyway, tomorrow — Saturday, November 5 — is Bank Transfer Day. If you’re still using a Wall Street Bank, meaning any of the big chain banks, it’s time to Occupy your branch office and close your account. And a lot of credit unions are staying open late, so you can go right to your new local credit union and deposit the cashier’s check from BofA or Chase or Wells Fargo or whatever.

Here’s some data from a new Harris Poll on America’s hate affair with Big Banks:

NEW YORK, Nov. 3, 2011 /PRNewswire/ — Big Banks may be vulnerable to losing customers to credit unions on November 5th, Bank Transfer Day, where according to social media, tens of thousands have signed up to drop Big Banks in favor of joining a credit union. While credit unions enjoy best in class customer retention rates (87% Extremely/Very Likely to Continue), the nation’s largest banks fail to engender the same degrees of loyalty from their customers. For example, only two in five of Bank of America’s customers are extremely or very likely to continue (40%), as are less than half of JP Morgan Chase’s customers (46%) and just over half of Wells Fargo/Wachovia’s customers (54%).

Not everybody can easily get out of the chain banks. If you’ve got a mortgage and credit cards and car loans and all that crap tied up with your checking and savings accounts and bill pay and etc., it is a pain in the ass to quit the bank, as it was intended to be. But even if you just close one account, like the Savings account with $42.09 that earns a few nickels of interest per year, go ahead and do it. Every little bit of business (and capital) you take away from a Big Bank will make a difference!

Here is a heartwarming story that will prove the point: Your editor’s first-grader took part in a school contest to see which class could collect the most unwanted Halloween candy, and the winning class would get a party. Being cynical about such things, your editor first suggested the crappy school’s idea of a “party” would be to just give the unwanted candy back to the “winning class,” and the second (entirely plausible) theory being that the fat teachers would just stash it all in their break room. Still, we rushed to segregate all the lousy treats yesterday morning — candy corn, hard sticks of gum, weird unmarked old-people candy, all the teeth-rotting sticky crap that never quite comes out with the flossing — and that last bag of unwanted treats took the class over the top. They won the party. (Still no idea what “the party” entails, although reports of the dismal letdown will be coming in shortly.) One kid’s shitty dollar-store candy did the trick.

So that $42.09 you take out of that savings account that, honestly, you kind of forgot you still had or otherwise you would’ve PayPal’d it to Babeland or something and gotten yourself a present, it could make a real difference! At the very least, you’re costing the bank that much just to hog the counter for 15 minutes and use that employee’s time and the real estate and the utility bills and the security guard’s hourly subcontracted wage and all the other “costs of doing business” the bank has to recoup by getting $700 billion bailouts from Bush and Obama.

Conversely, getting tiny worthless accounts out of the “consumer banking system” may also help big banks, by reducing the number of low/no-profit accounts they maintain — according to Rupert Murdoch’s journalism department, anyway. So by all means, close those accounts. If Rupert Murdoch says it won’t matter, you want to make sure to do it. And then make sure you take the time this week or next and shut off all your bill pay and whatever, and start your new Credit Union bill pay, and get all that stuff working so that you continue to hurt the banks. (They make a fortune on the “float” between debiting your account and “processing” the immediate electronic payment to your utility or credit card company, which is also a Big Bank, several days later.) Also, don’t borrow money. Just don’t borrow money. Do you know when you need a new car/house/diamond dildo/teevee? When you have the money. Or, when you take those things from The Rich.

Bank Transfer Day is also a great way to take part in the Worldwide Protests without camping out at an actual #OWS site, although we highly recommend you at least visit your neighborhood occupation and drop off some warm gloves and a sack of apples or whatever. Give a hoot! [Bank Transfer Day]

 
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{ 202 comments }

chascates November 4, 2011 at 2:11 pm

How can I transfer an overdrawn account?

chicken_thief November 4, 2011 at 2:16 pm

Ask them to bail you out?!

Lionel[redacted]Esq November 4, 2011 at 2:21 pm

Tell they you are are a friend of John Corzine?

Tommmcattt November 4, 2011 at 2:40 pm

Ask the Gingrich campaign.

OneDollarJuana November 4, 2011 at 3:09 pm

Ask the Prime Minister of Greece.

Negropolis November 4, 2011 at 10:25 pm

Consult Donald Trump who is an expert on such matters?

Barb November 4, 2011 at 2:12 pm

I've already done it, cross my heart. I am in a Credit Union now.

Oblios_Cap November 4, 2011 at 2:15 pm

Me, too!

weejee November 4, 2011 at 2:19 pm

Me three

Lionel[redacted]Esq November 4, 2011 at 2:21 pm

Been with a Credit Union for nearly 20 years now.

OneDollarJuana November 4, 2011 at 3:09 pm

Transferred four accounts from BofA to our CU a couple of weeks ago.

CarnyTrash November 4, 2011 at 2:25 pm

I have as well.

prommie November 4, 2011 at 3:26 pm

Lookit the p'ness on you! You are a well-thumbed one indeed.

ProgressiveInga November 4, 2011 at 4:53 pm

Did it yesterday and it felt so goooood. Oh, and I transferred my monies to a Credit Union from BofA, too!

nounverb911 November 4, 2011 at 2:13 pm

I wouldn't be surprised if most bank branches took a holiday tomorrow.

OneDollarJuana November 4, 2011 at 3:10 pm

I understand that BofA sez if any protestors (i.e., people who wish to close accounts) show up they will close that branch for the day.

emmelemm November 4, 2011 at 3:19 pm

Wait, really? They ADMITTED that?

LesPaultard November 4, 2011 at 3:30 pm

As if pissing off their customers is going to help.

tessiee November 4, 2011 at 11:15 pm

No surprise there. They're cowards, like most bullies; only brave when throwing disabled elderly people out of their foreclosed houses.

nounverb911 November 4, 2011 at 2:14 pm

Mugging people on their way out of banks tomorrow could be highly profitable.

Dok-cupy Everything November 4, 2011 at 2:38 pm

"Criminals Plan Day of Muggings On Liberal Website"– BigGovernment.com headline

flamingpdog November 4, 2011 at 8:03 pm

Banks mugging people inside the banks, people mugging people outside the banks. Never a miscommunication.

Chet Kincaid November 4, 2011 at 2:15 pm

Is it even necessary to go to a branch? Can't you just write a check to the credit union, and then call or go online to close your old account after it clears?

usernameguy November 4, 2011 at 3:07 pm

I always had to write a letter to close an account, but no you don't have to visit a branch. This is also how you should cancel credit cards, because then you're not on the phone with "Steve" for 20 minutes while they try to get you to change your mind, and because you have a paper trail.

Of course, that cuts down on the spectacle of Bank Transfer Day.

Redhead November 4, 2011 at 3:36 pm

And send the letter certified mail, where they have to sign when they receive it. Worth the $1.50 or whatever it costs, so they can't say they never got it.

OneDollarJuana November 4, 2011 at 3:12 pm

Only if you want some charges to accrue. Say you have $100 in your account. You write a check for $100 to the CU. Your slime bank then needs to charge you because you don't have the minimum amount in your checking account anymore, so you gotta deal with them anyway.

Besides, it was way fun when the teller asked if there was anything she could do to keep us as customers and I just answered "No".

justkillmenow November 4, 2011 at 3:33 pm

When I moved to a CU a few years ago the old bank wanted to know WHY I was leaving. That was a fun conversation. "Well, let's see. The president put his drunk, wife-abusing son in charge of a branch of your bank. That branch then failed. I'm pretty sure I don't want people that stupid anywhere near my money."

sati_demise November 4, 2011 at 5:24 pm

ah yes, well I ignored a bill from a bank account I closed out for .01 cent. Really. for a year or so and they finally quit sending it.

Jukesgrrl November 4, 2011 at 10:48 pm

Mine sent three pennies to me in the mail (no shit) with a handwritten note from the poor schmuck teller who had closed my account (following the usual begging) saying she had not calculated my balance properly when she cut my check. I wondered if they made her pay for the first-class stamp that was on the hand-addressed envelope. So it cost someone more than 40 cents to return my three pennies. The reason those crooks need a bailout … or performance art?

tessiee November 4, 2011 at 11:17 pm

It was worth 37 cents to them to humiliate a low-level empolyee.

bumfug November 4, 2011 at 3:25 pm

When I opened my account yesterday with First City CU (only criteria for enrollment – live, work or go to church in L.A.) I saw that they will assist new members in closing their old account and transferring the funds.

Jukesgrrl November 4, 2011 at 10:55 pm

When I took my mother to a credit union so she could close her B of A accounts they did the work to transfer her Social Security check to her new checking while we were sitting there. The bank in Ohio where her pension is was a little harder, but they gave her all the information she needed.

And people say the Federal government can't run systems. Note, it took less time to call the SSA and initiate an account transfer that actually was completed in less than a week than it did to snail mail paperwork (their requirement) to a private bank that only has accounts in the thousands. Nice going, SSA!

orygoon November 4, 2011 at 2:15 pm

Top o' the day to you, Ken!

Occupy V572 November 4, 2011 at 2:15 pm

Community banks and credit unions reimburse "foreign" ATM fees. What other reason could anybody have for staying with Chase or BOA or WF? Yes yes, on-line check writing and crap like that. Write a few checks once in a while! It's better than letting your cable company dip into your checking account whenever they feel like it.

Oh, you didn't know they could do that? Once you give somebody the ABA and account numbers, it's like being married. They can take "your" money whenever they feel like it. But that's okay, if you think Comcast or Time-Warner or Cox are fine honorable companies that would never screw you, you'll find out!

And don't worry: your big bank will be delighted to get your mortgage check every month even if you move your checking account elsewhere.

weejee November 4, 2011 at 2:21 pm

We should bail on the cable companies too, also.

Wait, what? Oh yeah, Mrs. weej & I haz none cable to bail, or bale even.

Occupy V572 November 4, 2011 at 2:26 pm

Of all the annuities to evil ogre-like companies I have to pay – cell phone, condo taxes and fees, electric, car insurance, $4.10/gallon gas, 30 bottles of Pinot or Cabernet a month – the one that makes me the most furious is the stinking monopoly cable company and the idiot subcontractors they send around to “fix” things, who know less about RF engineering than I do.

In a high rise cable's a regrettable necessity

snackypants November 4, 2011 at 11:15 pm

I <3 you, Occupy V572, mostly because of your comments, but also because you drink 30 bottles of Pinot or Cab a month.

Occupy V572 November 4, 2011 at 11:23 pm

Wow, I love typographic funzies yet am baffled by “I <3 you.” Also think I’m flattered. Here:  ¶ § ¹ ² ³ ‡☞ ⁂ There’s plenty more where that came from.

Oblios_Cap November 4, 2011 at 2:21 pm

I always pay by check. I like the fact that the float time is considered a problem in banking circles. They've managed to reduce to the point that you really have a hard time kiting checks.

Occupy V572 November 4, 2011 at 2:30 pm

Be careful. The fine print on my cable bill says if you pay by check they’ll use your account and ABA numbers to “convert” your check to an EFT/ACH – that is, snatch your money immediately. Evil Kochsuckers. You have to “opt out” but I write DO NOT ACH! on every check.

weejee November 4, 2011 at 2:34 pm

♪♫ ACH, du lieber Augustin ♫♪ The olde Austrian black plague song revised for the banking & billing plague?

Redhead November 4, 2011 at 3:45 pm

I have a credit union account. Their "online check service" means that you go onto their website, fill out the amount, who to make it out to and their mailing address, and the credit union mails them a cashier's check or money order the next day, so it doesn't have your bank account number. You can set it up to save the mailing address of bill companies, but there's no automatic drafting unless you set it up for them to mail that cashier's check on the same day each month. They even pay for the postage and don't charge you for it.

And for bill companies that do electronic payments, the credit union does the same thing – you enter the date and amount, and they submit the electronic payment, with the account number of your account with the company but NOT your bank account number. God I'm so glad I switched to the credit union almost 10 years ago.

tessiee November 4, 2011 at 11:21 pm

"They can take "your" money whenever they feel like it. But that's okay, if you think Comcast or Time-Warner or Cox are fine honorable companies that would never screw you, you'll find out! "

Some of my cool trendy friends…

What?
I have cool trendy friends!

Anyway, some of my cool trendy friends say I'm just too "lame" and "out of it", because I don't do online bill paying. Aside from the fact that I don't think I'd like to check my balance and find out it's several hundred dollars less than I thought it was because of something I *actually owed*, I *really* don't think I'd like to find out it's several hundred dollars less than I thought it was because someone at the cable company was late on their Mercedes payment and figured I'd be glad to help them out.

Occupy V572 November 4, 2011 at 11:27 pm

Always knew you had cool, trendy friends, tessiee.

tessiee November 4, 2011 at 11:25 pm

"Oh, you didn't know they could do that? Once you give somebody the ABA and account numbers, it's like being married."

What, they can sit around on my couch and complain that I wear too much make-up, don't cook anything they like, get paid shit money at my piddly job, and don't clean the house?

Occupy V572 November 4, 2011 at 11:30 pm

I miss you so much…

tessiee November 5, 2011 at 1:17 am

I miss my piddly job and the shit money paycheck that went with it so much.

Occupy V572 November 5, 2011 at 6:21 am

Ouch…I’m sorry. Freud tells us that, in dream symbology, shit = money. But everybody’s still got to have some.

chicken_thief November 4, 2011 at 2:16 pm

Switched from BofA to USAA last month.

Occupy V572 November 4, 2011 at 2:26 pm

You won't be sorry. USAA Bank is the best bank there is.

jqheywood November 4, 2011 at 4:09 pm

I switched from CapitalOne to USAA yesterday. When CapitalOne bought out Chevy Chase, the fees went through the roof. Of course, it is going to take a while to cancel the accounts while we wait for checks to clear.

HipHop0Potamus November 4, 2011 at 4:37 pm

Welcome to the land of 25% off flower delivery.

Oblios_Cap November 4, 2011 at 2:18 pm

If Rupert Murdoch says it won’t matter, you want to make sure to do it.

Just don't phone anybody first to let them know, or Ole Rupert will overhear you and have the police waiting at your bank to arrest you on some trumped-up charge!

Lionel[redacted]Esq November 4, 2011 at 2:23 pm

Worse, he might send Bill O'Reilly and the FOX police!

el_donaldo November 4, 2011 at 2:19 pm

Since anyone can now open an account with USAA F.S.B., everybody should. They are the best bank in the world ever, so long as your comfortable with a wholly virtual bank with no bricks-and-mortar branches. And why wouldn't you be?
https://www.usaa.com/inet/pages/bank_main

The best bank in the world ever.

Occupy V572 November 4, 2011 at 2:26 pm

So true.

ShaveTheWhales November 4, 2011 at 2:36 pm

You can also deposit checks by scanner, if you don't happenz to have a smartie phone.

orygoon November 4, 2011 at 2:53 pm

"the administrator" is a fool–but yeah, I suppose–if you have a scanner. USAA is pretty amazing. A guy who studied business way back when business was young told me about the supposed ideal corporation–it has duties not only to shareholders, but to labor, to customers, to the community–there were five, maybe to "Mother Earth" was one of them. I don't know how USAA stacks up overall, but they are good to their customers. And in the zillion phone conversations I've had with reps, their workers don't sound to oppressed. They certainly KNOW their shit, anyway.

Guppy November 4, 2011 at 8:33 pm

You can use a scanner, a smart phone, you can take it to a UPS Store and have them do the scanning for you, or you can go true socialist/Luddite and mail the check to them in one of their postage-prepaid envelopes.

Jukesgrrl November 5, 2011 at 1:32 am

I thought you had to have at least one vet in the family to get to use USAA. Have they changed that policy?

orygoon November 4, 2011 at 2:19 pm

Your kids handed in their candy for a party with apples and raisins and other Michelle-Obama-type treats. Please take pictures of the disgusted little faces for us. Verbal ones, I guess, since we're a classy site and all.

slowhansolo November 4, 2011 at 2:19 pm

Just try walking into the office of the person who runs a megabank. Last time I did so at my local credit union, Judy asked how my kid was by name.

Oblios_Cap November 4, 2011 at 2:23 pm

Mine even gives me some free life insurance! They must be in cahoots with the wife.

ifthethunderdontgetya November 4, 2011 at 2:19 pm

Here is a heartwarming story that will prove the point:

The little bag of candy corn that could.

*sniff*

I'm all choked up now, Ken. Ya big lug!
~

kingofmeh November 4, 2011 at 5:19 pm

it's like the end of "horton hears a who!" but with less seussian fantasy and more gritty, modernist tragicomedy.

YouBetcha November 4, 2011 at 2:20 pm

I stuff it all under the mattress in the guest bedroom.

SorosBot November 4, 2011 at 2:27 pm

Grandma, is that you?

Oblios_Cap November 4, 2011 at 2:46 pm

You have bedrooms? Truly you are a 1%er!

YouBetcha November 4, 2011 at 3:05 pm

To be fair, the guest bedroom is where I conduct business. So really, I'm an over-regulated small business owner.

Biel_ze_Bubba November 4, 2011 at 2:54 pm

Why not? It's convenient, and your mattress pays a competitive rate vs. the big banks.

Woodshedding November 4, 2011 at 3:05 pm

You've won a free gift! What was your address again?

YouBetcha November 4, 2011 at 3:12 pm

6043 Hudson Rd, Suite 330
Woodbury, MN 55125

Woodshedding November 4, 2011 at 3:39 pm

ROFL!!! Thanks, Michele! BTW, if you'll be wearing that, I'll try to arrive when you're there, rather than after hours as I'd planned.

widestanceshakedown November 4, 2011 at 2:20 pm

I went credit union pre-recession and have not missed a damn thing. Do it, people!

Tundra Grifter November 4, 2011 at 2:20 pm

Next week we can all go into bank branches and make detailed inquiries about our account(s), account(s) we might wish to open, request change for $1 and count it several times, and generally stand in line (particularly in states where it's cold outside).

I believe Saul Alinsky pulled this off (in Chicago?) a number of years ago. Hyde Park comes to mind…

SorosBot November 4, 2011 at 2:28 pm

Let's try and cross holding $1000 cash, in ones, off our bucket list tomorrow!

north_of_moscow November 4, 2011 at 2:31 pm

Nickels!

Generation[redacted] November 4, 2011 at 2:49 pm

"Give me five bees for a quarter," we'll say.

sati_demise November 4, 2011 at 5:28 pm

Considering the metal in nickels is worth 6 cents, great idea.

Ken Layne November 4, 2011 at 2:46 pm

Be super nice to the tellers when you do this! They're the first ones to get laid off, and they are no fans of management. Come the revolution, etc. …

Tundra Grifter November 4, 2011 at 3:24 pm

Ken:

Being a teller is not only the worst job in a bank – it's one of the worst jobs in the country.

For a few bucks an hour you've got to perform hundreds of routine transactions without an error, try to sell customers products they have no interest in, be polite, and put up with the petty tyrants posing as bank managers.

I agree with you 100% – "Be super nice to the tellers!" And everyone else we must deal with every day. It doesn't cost anything to be nice – and you just might make someone's day!

Terry November 4, 2011 at 3:02 pm

This also plays out every single business day at any bank near a large retirement community. After having made a number of trips to banks and post offices near Leisure World, I am firmly convinced that the senior citizens do this sort of thing just to annoy the rest of us.

Tundra Grifter November 4, 2011 at 3:25 pm

Years ago a bank SVP told his regarding senior banking "…or, as we like to call it, the entertainment business."

Nothing like watching the geezers flirting with the tellers!

Jukesgrrl November 5, 2011 at 1:36 am

The pharmacies, too. I can't believe how many times I've watched some poor pharmacy clerk have to scream dosage instructions to a deaf old person who just doesn't get it. Another underpaid career.

Occupy V572 November 4, 2011 at 2:21 pm

Don't borrow money? How are you supposed to buy a house? Sure, you have to buy a house because real estate is a great investment and they're not making any more of it and you cannot lose!

Until you do. Renting is shorting the housing market. Not a bad idea in light of recent events.

hagajim November 4, 2011 at 2:21 pm

Have three different accounts – all at CUs! Fuck all ya big banks.

karen November 4, 2011 at 2:21 pm

Been with a credit union since I was itty bitty, thanks to the mommers creating a savings account for me. The mom, sister, and I all have and maintain our credit union accounts.

Though I'm surprised my sister hasn't switched to JPMorgan or something, seeing as how she's a psychotic fan of Glenn Beck.

SorosBot November 4, 2011 at 2:29 pm

Does she have her investments in gooooooold?

Generation[redacted] November 4, 2011 at 2:50 pm

Difficult to open a new account when all your money is in the form of gold bars and survival seeds.

Occupy V572 November 4, 2011 at 2:57 pm

Always wondered about how "liquid" gold would be after the economic catastrophes its adherents love to forecast. Do you take a big bar of it down to McDonald's and shave off enough for a Happy Meal?

HistoriCat November 4, 2011 at 4:39 pm

No – you hand over the big bar to the nice person who is pointing a firearm at you so they won't blow your head off.

Occupy V572 November 4, 2011 at 4:44 pm

And that is why the 2nd Amendment is in the Constitution, praise Jeebus!

Generation[redacted] November 4, 2011 at 5:08 pm

They'll do the same thing the Romans did when their empire fell. Bury the gold and go begging like everyone else. Just try to be satisfied knowing that some archaeologist will be very happy when they discover your buried treasure 1,000 years from now.

emmelemm November 4, 2011 at 5:19 pm

Only if he's as hot/sexy as Indiana Jones.

tessiee November 4, 2011 at 11:31 pm

"Always wondered about how "liquid" gold would be … Do you take a big bar of it down to McDonald's and shave off enough for a Happy Meal? "

No, you trade it to me for these magic beans.

Tundra Grifter November 4, 2011 at 3:25 pm

Or overpriced Swiss francs.

CapnFatback November 4, 2011 at 2:22 pm

November 5th? The banks are going to get so Fawkesed up.

Lionel[redacted]Esq November 4, 2011 at 2:24 pm

I understand that Herman Cain is transferring a lot of money…, just not to a new bank.

OccupytheDashboard November 4, 2011 at 2:27 pm

I understand that douchebag is threatening to sue Politico. I lol'd.

Lionel[redacted]Esq November 4, 2011 at 2:39 pm

For what? Reporting something he has confirmed is true? Dear God, only FOX News and other Murdoch holdings would be left. It is a cunning plan!

OccupytheDashboard November 4, 2011 at 2:52 pm

I must have an illness. I check the yahoo news comments from time to time and the Cain fanboys are out of mom's basement in force today. Now they're calling the "please don't bring charges against me" payoffs, severance packages.

"Dear employee,

Since you were forced to see Mr. Cain's package, we are giving you this severance package as a thank you for not severing Mr. Cain's Package"

Tundra Grifter November 4, 2011 at 3:27 pm

OTD: What a non-story! Some idiot is "reporting" that the Cain Campaign is considering suing. Big Whoop! They "report" that "the idea is being discussed."

Like, "Why the Hell wasn't Herman ready for this one?"

Lionel[redacted]Esq November 4, 2011 at 4:32 pm

Especially when Poltico contacted him the week before for comment.

Of course, the answer is: He doesn't want to be president. There is no money in that. He just wants to sell books and be paid obscene amounts to give bad speeches. Of course, from that stand point, this probably just helps. As Sarah Palin has shown, there is nothing like the media reporting the truth about you to make you a victim in the eyes of Conservatives so that they throw money at you.

Jukesgrrl November 4, 2011 at 11:19 pm

Politico said they even gave him a heads up of "we're going to print this so be forewarned." People who have donated to Cain should be suing him for stupidity.

Tundra Grifter November 5, 2011 at 12:19 pm

Jukesgrrl: Exactly! Last night (Friday – 11/4) Shields & Brooks agreed. Mr. Cain had ten days' notice Politico had the story. Ten days! And he couldn't get his story straight even then.

So far, my favorite right wing nut response has been Off-the-Mark Levin's. He compared Mr. Cain's faulty memory to knowing what brand of washing machine you owned 12 years ago. Says a great deal about Ole Mark's life, doesn't it?

HobbesEvilTwin November 4, 2011 at 2:24 pm

haven't banked with a big bank since the days of Bay Bank, I mean BankBoston, er Fleet Bank, no, BofA. Ha, well I'm glad I got out when I did.

Lascauxcaveman November 4, 2011 at 2:25 pm

If you’ve got a mortgage and credit cards and car loans and all that crap tied up with your checking and savings accounts and bill pay and etc., it is a pain in the ass to quit the bank

Which is why my money (such as it is) is staying with US Bank. That and the fact that they're only semi-evil.

OccupytheDashboard November 4, 2011 at 2:26 pm

I <3 my credit union…have done so for the last 25 years.

EatsBabyDingos November 4, 2011 at 2:26 pm

Other ways to screw up big banks:

Open a credit card with Biggie Bank. Immediately pay $1000 on the credit card while it has no balance-works like a free ATM, and the bank earns nothing on it. Overdraw by $10, you get a float until you pay another grand during the grace period.

Woodshedding November 4, 2011 at 2:56 pm

Sorry if I'm just being slow, but why give the bank your $1000 up front? Why not just pay in full every month at the last minute?

Also: as far as I can tell, my HSBC card does this egregious thing where they lump any overpayment I make into "pending transactions." My available credit, of course, is diminsihed by the amount of said pending transactions. Evil, pure evil. (I know, "so what else is new…")

EatsBabyDingos November 4, 2011 at 3:57 pm

Instead of having a deposit and a credit account, because you only need one. Nationally, checking accounts with debit features average $37 per month in fees (this includes all users and includes all maintenance fees, overdraft charges etc), or over $400 per account per year. Eliminate deposit accounts.

Woodshedding November 4, 2011 at 4:46 pm

Ah, I see, thanks. And Jeezus! AVERAGE $37/mo!?!? And they still wanted to charge an extra five? My credit-union debit card is refused at POS if there's not enough funds. Guess that simply never occurred to the innocent banks.

JustPixelz November 4, 2011 at 2:27 pm

"…that earns a few nickels of interest per year…"

Whoa there moneybags! My Health Savings Account — on which Chase charges me a $3 per month fee (!) — pays about 50 cents interest per month. On a $5K balance. It's almost impossible to transfer these funds. Fortunately my health is getting worse, so I'll probably spend it all soon and avoid those fees!

Blueb4sunrise November 4, 2011 at 2:41 pm

WIN!

Open Account
Get sick
.
.
.
.
PROFIT!!!!!

Oblios_Cap November 4, 2011 at 2:42 pm

Some people have all the luck!

McRibzgood November 4, 2011 at 2:29 pm

I have always had my money at a smaller locally owned bank. So I was doing this even before all the cool kids started to catch on. POSERS!

mrpuma2u November 5, 2011 at 1:17 pm

Yup me too. I used to work at a small community bank until the shitbirds at the FDIC seized it and sold it to the evil scuzzwads known as US Bank. Now I bank at another small bank. When I am down @ Occupy Chicago I tell everyone to do this. Piss on the big banks. They have pissed on us for quite a while.

mormos November 4, 2011 at 2:29 pm

already use a credit union. i don't like being charged to use my own money.

EatsBabyDingos November 4, 2011 at 2:30 pm

I barter hobo beans.

coolhandnuke November 4, 2011 at 2:30 pm

Account closed months prior, but I might just drop by some financial institution and dangle my eight inch life-like simulate of the male anatomy in their window.

Ken Layne November 4, 2011 at 2:48 pm

Mom?

coolhandnuke November 4, 2011 at 3:03 pm

Yes my son. But you can call me Chaz from now on.

Beowoof November 4, 2011 at 2:31 pm

Went to a credit union 30 years ago and haven't looked back. Try to avoid those pricks at the banks as much as possible.

Come here a minute November 4, 2011 at 2:32 pm

I've had a credit onion tied to my belt since high school, oh so many years ago.

Ayn Rand Paul Tard November 4, 2011 at 2:53 pm

When I was younger we called 'em fanny onions.

GhostBuggy November 4, 2011 at 4:48 pm

"Give me five bees for a nickle," you'd say. Wait, what were we talking about?

Generation[redacted] November 4, 2011 at 5:10 pm

So the 1%ers won the argument, but I walked away with the turnips!

tessiee November 4, 2011 at 11:37 pm

I needed to buy a washtub for my turkey, which in those days was called a "walkin' bird".

Blueb4sunrise November 4, 2011 at 2:35 pm

What are these so-called 'monies' or 'funds' or 'dollars' of which you speak?

Lascauxcaveman November 4, 2011 at 2:37 pm

Just a suggestion to you who are closing accounts: while you're doing so, be unfailingly polite to the poor plebes in the teller window. They're not the cause of your problems.

BornInATrailer November 4, 2011 at 2:42 pm

But I'm so happy with E*Trade….

ApplesauceRobot November 4, 2011 at 2:43 pm

How about leaving about thirty cents in the savings account so the banks end up losing money every time they mail you a statement?

poncho_pilot November 4, 2011 at 2:47 pm

don't a lot of banks charge you a fee if your balance is under X amount of dollars, though?

Terry November 4, 2011 at 2:59 pm

When I paid off my credit cards with Chase and Citibank, I overpaid each one by less than a dollar. For several months afterward, they had to mail me a statement telling me that they owed me money. It was a petty thing for me to do, but it felt GOOD.

misanthrope November 5, 2011 at 1:18 pm

Please don't do that, good idea in theory but one of big banks favorite last pokes in the eye is to charge a monthly service charge, let it overdraw yes even on a savings account, let that go on for a few months then close the account and report it to Chexsystems with a balance owed. It's truly artful scumfuckery.

Toomush_Infer November 4, 2011 at 2:43 pm

Ha! Ha! Ha! I took all my money out yesterday and invested in Mount Gaye – I should be good through next week!…

LesPaultard November 4, 2011 at 3:35 pm

mmmmmm…..Mount Gay.

tessiee November 4, 2011 at 11:38 pm

Is that a brand name, or an instruction?

LesPaultard November 5, 2011 at 9:21 am

An unfortunately named, and fortunate tasting rum.

barto November 4, 2011 at 2:48 pm

Actually, you should borrow money, if necessary, from the credit union. This helps them, and their rates are usually the best.

Don't be afraid to apply to a credity union just because you're not employed in some large pool, credit unions have moved to community charters – that means they take on all comers, essentially.

MOVE YOUR MONEY!

Jukesgrrl November 5, 2011 at 1:38 am

Credit unions have always been one of the best places to get a car loan.

Woodshedding November 4, 2011 at 2:50 pm

I have accounts at two credit unions and both of them have onine bill pay and make loans. Why do people think they don't, I wonder? Probably corporate media.

I re-fi'd my house loan with the credit union and their costs were $2000 compared to the banks' $3000.

Here's what I've been worrying about, though! It looks to me like there will be no choice but for the big banks to "forgive" ALL loans. Yes, I believe in miracles. This really will happen. But shit, I sure hope the credit unions don't say "sorry, doesn't apply to us! You still owe!"

Ayn Rand Paul Tard November 4, 2011 at 2:52 pm

Whoa, a post by Ken that makes me feel…what is this strange emotion replacing bitterness…happiness?

bloodandirony November 4, 2011 at 1:56 pm

Better yet, start your own bank holding company, and you can get essentialy free money from Ben Bernanke, as well as accepting deposits from fellow liberals.

Also, in what messed-up universe is candy corn one of the bad candies? WTF?

jqheywood November 4, 2011 at 4:27 pm

Yeah, candy corn is one the FSM's finest creations…

tessiee November 4, 2011 at 11:41 pm

I like candy corn (also those little mini-pumpkins made out of candy corn stuff), but I hate licorice with a burning passion. But the really worst candy ever *ever* is Necco Wafers. They taste like dust.

comrad_darkness November 7, 2011 at 10:24 pm

I stopped eating dust because it tasted like Necco wafers.

Terry November 4, 2011 at 2:57 pm

My accounts are already with a small to middling sized regional bank. What should I do to show support? Go to the lobby of a Bank of America or Chase branch and make a legal pain in the ass of myself? Hide all the forms they use for deposits or opening accounts, just leaving the withdrawl forms?

I have to say that my bank doesn't have as many ATM's or branches as the big honkin banks, but the staff people are really nice to me and I've never had a single issue the bank.

Generation[redacted] November 4, 2011 at 2:57 pm

Love the snide remark, and even snider comment:

"And exactly who are these members going to be? If they’re bringing their $50 monthly balances, and their expectations of free checking with no fees (and refunds on out of network ATM fees), then how profitable are they going to be in the short-term?"

Ha ha! Stoopid hippies has no monies!

Like banks don't want $50. They'll deep-dive into the worst toilet in Scotland if they see a nickel down there.

OneDollarJuana November 4, 2011 at 3:18 pm
tessiee November 4, 2011 at 11:43 pm

Needs moar ceiling babby.

sati_demise November 4, 2011 at 5:35 pm

They can create $30 bucks for every dollar of deposits. Fractional reserve, baby. Thats how it works.

Mumbletypeg November 4, 2011 at 3:03 pm

And don't forget — in contrast to what RadioTherapy said regarding TruckNutz earlier — feel free to shout "CREDIT UNION!!" in a crowded theater lobby of like-minded big-bank customers preparing to withdraw/ transfer.

zappadoo76 November 4, 2011 at 3:03 pm

Uh, Ken…if we hurt the banks, aren't we gonna have to bail them out again?

The horror! The horror!

mrblifil November 4, 2011 at 3:04 pm

I would do all that if not for the torpor that has enveloped me.

Actually I am opening a Credit Union account, for business reasons. Once I got that going I'll probably move a hunk of money from the chain bank. Would it "support OWS" to ask for my cashier's check while blasting Black Flag from a boom box on my shoulder?

Chichikovovich November 4, 2011 at 3:09 pm

I would think an occasion like this calls for X's "We're Desperate".

mrblifil November 4, 2011 at 3:14 pm

I was thinking Gimme Gimme Gimme (not by ABBA):

Gimme gimme gimme
I need some more
Gimme gimme gimme
Don't ask what for

Sitting here I'm a loaded gun
Waiting to go off
I've got nothing to do
But shoot my mouth off

I know the world's got problems
I've got problems of my own
Not the kind that can't be solved
With an atom bomb

zappadoo76 November 4, 2011 at 3:10 pm

Nothing good ever comes from Hermosa Beach.

Generation[redacted] November 4, 2011 at 3:12 pm

We're going to see a backlash of 1%ers moving their billions in offshore accounts out of locally-operated credit unions and into chain banks.

JackDempsey1 November 4, 2011 at 3:13 pm

Okay, I'm in.
Do I have to return the toaster, too?
It's only toasting on one side, now. Fine for bagels.

Monsieur_Grumpe November 4, 2011 at 3:13 pm

I just got back from meeting about our insurance increasing in cost and going down in benefits. We can save money (pretax) in an account to offset the pain of the increases. Guess who gets to keep all this money? Yup. Bank of Amerika.

HistoriCat November 4, 2011 at 4:44 pm

So you're going to be on the "you're getting screwed" insurance plan …

OneDollarJuana November 4, 2011 at 3:18 pm

The three little words that the CU whispered into my ear to get me to switch?

"Not for Profit"

snoopyfan2010 November 4, 2011 at 4:23 pm

Really? For me it was "free post-its with our logo on them."

sati_demise November 4, 2011 at 5:37 pm

For me it was 'Free Checking" and $500 overdraft protection. win/win

LesPaultard November 4, 2011 at 3:32 pm

Time to buy some stock in credit unions!

Oh…wait.

emmelemm November 4, 2011 at 3:54 pm

Well, I've done it too, but I had to leave $100 in my Chase account for a automatic debit that may come out of my new account on 11/5, or it may come out of the old account. Curses!!

comrad_darkness November 4, 2011 at 4:03 pm

Candy Corn!?!!? God, I love Candy Corn!

DetectiveGrey November 4, 2011 at 4:17 pm

Actually, maybe you fine fellows can give a debt-ridden 99%er some advice.

I've been a member of a rather nice credit union for the last 24 years, but I've also managed to land myself an automobile loan with Chase, which I've been diligently paying off for the better part of a year now. Anyone have any tips on transferring that loan to my CU? What kinds of interest rates to look for, documentation to bring, and so on?

TitsOccupado November 4, 2011 at 4:29 pm

My CU has always been happy to transfer my auto loans. Odd, they were never so eager to issue them to begin with, but once I had them established elsewhere, they wanted my bidness.
Operating Engineers, represent!

Jukesgrrl November 5, 2011 at 1:42 am

My CU has ads for cars I might like to buy with one of their loans on every counter.

snoopyfan2010 November 4, 2011 at 4:23 pm

Snoopy's already done the bank transfer and it felt good to end the relationship!

BigDumbRedDog November 4, 2011 at 4:52 pm

We had a B of A rep present at a "wellness fair" at work last month. When I informed him that I was already a customer but was planning to switch to a C.U. because of their new debit cards fees he literally stood up and yelled at me "Its going to be industry standard!" while frothing at the mouth. I laughed and asked him if their pr department told him to react like that. Then I took all of his swag.

emmelemm November 4, 2011 at 5:20 pm

Marry me.

Negropolis November 4, 2011 at 10:41 pm

Then I took all of his swag.

Cold blooded. I like.

fuflans November 4, 2011 at 5:35 pm

i don't have any money to put anywhere anyway.

sati_demise November 4, 2011 at 5:40 pm

Credit Union member since 1997. They treat me right.

Including – on line banking, free debit card, free checking and $500 overdraft protection.
Yes, the grass is greener in a community bank, no doubt about it.

datateday November 4, 2011 at 5:58 pm

Good – We can protest then picnic!

neiltheblaze November 4, 2011 at 7:41 pm

I started a new account at a credit union about three weeks ago and feel completely virtuous.

This is the only way I feel at all virtuous in any area of my life – so it's sort of different.

Veritas78 November 4, 2011 at 8:31 pm

I started my escape from BofA last February and completed it in July, to a credit union. Yes, it takes time to switch the automatic payments and all the stuff I'd forgotten about, but that was worthwhile doing (and ended up saving me money, too).

It was a terrific feeling closing the account. I'd had it for 36 years, from back when it was the kindly local Coolidge Bank. Seven banks later, I loathed this parasitic blood-sucker that had enmeshed itself with my finances and nicked me at every chance.

You should do this if you can. My credit union is occasionally inept but so sincere, and none of their employees have ever read a script to me, like the BofA wage-slave did when I finally closed it out. I encouraged her to join a credit union, and she quietly told me she recently had.

Guppy November 4, 2011 at 8:36 pm

Whether closing an account with the Too Big To Fail Bank, Inc. hurts them or helps them, the important part is that they'll be hurt or helped without your money.

Jukesgrrl November 5, 2011 at 1:44 am

Well, without some of your money. Your tax money is a different story.

Guppy November 5, 2011 at 11:27 am

Alright, then at least the money you have control over.

sati_demise November 4, 2011 at 8:54 pm

Sorry, but Murdock is fucking wrong.

Every dollar deposited in any bank creates 15 to 30 dollars of money that can be loaned out. Hey Rupert, it is called 'fractional reserve' banking.

What would one expect from a corporate cow but a kick?

Negropolis November 4, 2011 at 10:46 pm

This is a very effective protest. You can tell with how nervous BofA got and changed their policy back, but it's way too little far too late. Keep this up. They haven't been this scared of their customers in a very long time if ever.

ttommyunger November 4, 2011 at 11:29 pm

Being the sorry fuck that I am, I will do nothing until I am pushed by economic necessity. When Suntrust announced its proposed elimination of free checking for seniors I went to my branch to close out my accounts but they massaged the title of my accounts and kept me on a no-fee basis. I am too fucking lazy and worthless to change considering how long it took me to become comfortable with online billpay, etc. Sometimes I hate myself… most times, in fact.

tessiee November 4, 2011 at 11:47 pm

Needs moar Jimmy Stewart.

Jukesgrrl November 5, 2011 at 1:52 am

Naw, he was a Republican. Seriously. IMDB claims he had to be convinced to support Reagan's bid for the governorship in the sixties; he didn't approve of Reagan's politics because he had once been a registered Democrat. But he got over it and became a rabid Reagan supporter.

ragnarok4msm November 5, 2011 at 9:45 am

It is simply false to suggest that OWS has ever disavowed violence, particularly that of the Black Bloc. Indeed, if you look at the original OWS poster (http://teachingkidsnews.com/wp-content/uploads/2011/10/Occupy-Wall-Street-Poster-from-Adbusters.jpg) from before the movement started on September 17th, the Black Bloc is actually featured in the background behind the ballerina and the bull, advancing on the ground in gas masks through either smoke or tear gas with one individual on the right carrying a weapon. The fact of the matter is that OWS has always been looking to provoke violence. It is a central part of their strategy. Because OWS approaches the world from an extremely anti-police, anti-authority perspective it assumes that if it provokes clashes with the police that everybody will be on its side because they assume everybody shares their warped perspective regarding law enforcement. Unfortunately, that perspective is wrong and will quickly backfire. The movement will fail because it does not offer solutions,

sati_demise November 5, 2011 at 6:12 pm

orealy? proof or GTFO

your link stinks
liar

Negropolis November 5, 2011 at 8:14 pm

approaches the world from an extremely anti-police, anti-authority perspective

Bless your stupid, little heart. I think you've confused OWS with the gun-toting Teabaggers. Now, go crawl back into your asshole, troll.

ragnarok4msm November 6, 2011 at 1:40 am

I can't you're there.

sati_demise November 6, 2011 at 12:31 pm

http://www.youtube.com/watch?v=cqiba2m4mbw

These tactics, including 'ketteling' have been imported from the IMF & G20 protests. All these new police tactics are meant to force peaceful protests to turn violent. Occupy is aware of it and condemns any vandalism or violence.

ragnarok4msm November 6, 2011 at 5:56 pm

IF they CONDEMN it why does it still happen

sati_demise November 6, 2011 at 12:32 pm

http://www.youtube.com/watch?v=rVtJET5GBLk&fe

police foment violence, even at an anti police brutality march.

sati_demise November 6, 2011 at 12:17 pm

http://www.youtube.com/watch?v=6jna5NxCTww&fe

When the police manage to arrest one of these Black Bloc guys I will retract my statement that it is the POLICE who are destroying property and trying to foment violence. Ever wonder why the cops are nowhere to be found? Because their undercover guys are the ones trying to start a riot.

DaRooster November 4, 2011 at 3:23 pm

I have had a CU account for… hmm… 30 years… but finally got all my banking going through them about 3 years ago.

snackypants November 4, 2011 at 11:56 pm

The <3 is a sideways heart, which is probably a result of the half-bottle of Riesling I just consumed. Thank jeebus it's Friday!

Occupy V572 November 5, 2011 at 12:03 am

Nice! Most of what I learn these days I learn @ Wonkette. And I have help with my 30 bottles/month so am only half the lush I sound like. Right now it’s an ’06 Fess Parker Rio Vista Vineyard Pinot Noir.

snackypants November 5, 2011 at 12:34 am

I too have help with my wine habit thanks to Mr. Snackypants, but the Wonkette habit is my own private drug. It's definitely one of the bright spots in my workday.

Jukesgrrl November 5, 2011 at 1:30 am

That was my suspicion, too. Really, I'm never rude to tellers (not even telemarketers) because I know they're just trying to keep a roof over their heads. And if the 1% have their way, those folks will be as unemployed as I am eventually. Well, OK, I AM rude to unrepentant stupidity and/or tea baggers.

Occupy V572 November 5, 2011 at 6:17 am

The Italian Princess (and advice from my cardiologist) converted me from a Martini drinker to a wine drinker. But no one comes between me and our Wonkette.

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