Saturday, October 01, 2011

Remember That It Was The Little Guys That Prevailed

Belong to one of the big banks that are about to (yet again) squeeze you for accessing and using your own money? The best part is that some, like HSBC and TD Bank, are not only planning to charge you a fee to use one of their own ATMs, they are also going to charge you for using a competitor's ATM, which means, of course, you will be charged twice: once by the competitor for using a "foreign" ATM, and once by your own dear bank for philandering around. Depending on the charges, that could result in more than $5.00 a shot just to pull out a yuppie food stamp. Did I mention that it was your own money?

Well, believe it or not there are other banks. There are even other banks that give you excellent customer service, look out for your interests, don't gouge you just because they can, and make it cheaper and easier to buy cars and houses. They are community banks and credit unions. And as the customer of the latter for 16 years, I can tell you that I love and cherish my bank over diamonds and rubies. You can get out from under these crooks.

You can find information on credit unions and how to locate one near you here.

You can find info on a new concept in banking called BankSimple here.

And the Move Your Money Project can help you find small community banks and credit unions, along with lots of good advice.

You don't have to suck this up and take it. Fuck them. Small banking is the wave of the future. And once these dinosaurs fall under their own weight, we'll need the solid support and reliability of the little mammals still standing afterwards.

1 comment:

Anonymous said...

Want to win? Take a bank down. Get everyone to pull their money out of the worst offender. Do what was done to national city. They will see where the power is.You have the right to have your money where you want.