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  • Huntly

    I have been on the verge of switching from BoA to either Ally or USAA(already a member) but for some reason I just can’t pull the trigger so to speak. Wondering if anyone has experience with non-TBTF banks they can share.

    • 007

      You should get out. BOA is totally bankrupt. If it had to truly report the value of it’s assets and loans it would scare you.

    • Nexus789

      Why? What value does BoA give you? Try a Credit Union…all the same facilities. Go on take small risk to get a great benefit.

    • @Huntly… We’ve pulled all of our funds from the TBTF banks – mostly for philosophical reasons, rather than their fees – and have NEVER looked back.

      ALL of our day-to-day accounts are with a local Credit Union (checking, savings, debit card, credit card, mortgage) and just an online savings account (ING).

      If a problem ever arises… a phone call to a real human being resolves the problem in seconds. We get cash back on our Debit and Credit card use, and a GREAT rate on our mortgage. (Used to have a car loan w/them too, but paid it off a couple of years ago).

      I have all the advantages of the big banks (online access, bill pay, a network of free ATMs – all over the country) but I’m not feeding the beast! 🙂

      We send money overseas quite a bit too… and our CU charges LESS than our TBTF bank did, and, oddly, the money moves faster.

      Hope this helps!

  • Doug

    Capital One already started these $5 fees on its credit cards months ago so Im not surprised by all this….I guess it was a trial run

  • John Thomas

    Dick Durbin (AKA “Turban Durbin”) helped cause this problem. Now he pisses, moans and calls for a run on the bank over the problems he helped create. Get the Government out of the banking business and quit demanding that banks lend money to people that can’t pay it back and the problem will go away. If the banks fail on their own, don’t bail them out. Money is not free and people don’t work for nothing:

    • 007

      If Durban is for anything, it should give everyone pause to make sure it is not a horrible idea.

    • liberranter

      It’s all pure show. Durbin and the rest of the kleptocrats on Crapitol Hill know that they can pretty much fool all of the sheeple, all of the time. It’s unlikely that anyone will take the time to check his voting record (most sheeple wouldn’t know the first step to take to do this anyway), so he knows that he can get away with hypocritical bloviating and no one will call him on it. Ditto for most of the other 533 scumbags in that club (Ron Paul excepted, of course).

  • Badges, we don’t need no stinking bad… I mean bank fees, we don’t need no stinking bank fees!!!

    Credit Union! 😉


  • James

    There is always the locally owned credit union. They have debit cards, checking accounts, and ATM’s. They don’t charge their members fees to use an ATM. Most have free checking. Best of all, they are locally owned.

    • Highspeed

      Absolutely, I haven’t been with a big bank for 15 years. I can get the best loan rates at the credit union. No Fees at all.

  • David Gurney

    Why would anyone use a debit card when the banks pay you for using their credit card?The aforementioned Bank of America just launched a big campaign about their rebates.I’m going to rip them off as well as I do to Chase and Discover.

    The real ripoffs are gas stations who charge more for credit.If a restaurant did that,you’d never go there again,but our huge illegal alien population loves those places for obvious reasons.

    • Larry

      David I would like to respond to your post from a standpoint of being a small business owner.
      We accept credit cards and we are charged the extra fees to pay for the customer rebates not the banks. Businesses that accept credit cards must pay the banks as much as 4% to 5% of the amount charged on the card. Gas station profits are so low that many of them have to charge extra to accept credit cards just to pay the bank fees.
      Blame the banks not the poor business owners.

  • Patriot One

    ATM fees; just more unintended consequences of Dodd Frank financial reform. This time it may take out one of our biggest banks because the average Joe is pissed and may cause a run on B of A.

  • Gary2

    Break up 2 big 2 fail now.

    • 007

      Wow, I agree with Gary2. Too big to fail is too big to exist.

    • CatNap

      Another vote for Gary.
      Can you say “Monopoly”?
      Make them compete again!!

  • Jase

    I left BofA years ago when they wanted me to keep a $500 minimum in checking to avoid a fee. These recent fees are far worse and the sad part is plenty of people will just sit back and accept it because switching banks may involve new check printing, switching over auto billing on credit cards, setting up a new direct deposit link, etc.

    In short; many Americans are just too damn lazy and will just roll over and be passive.

    The best option is a credit union or if you are from a military family use USAA for everything. These institutions are still worthwhile and have not taken the step to screw over those who can least afford it.


    Interest Online Checking:

    Paper checks
    Debit card
    Online Bill Pay
    Direct Deposit
    No ATM Fees†
    No Fees

    0.91% APY
    Earn 5X the national average, on balances up to $100,000, guaranteed for one year
    Free ATMs
    Access to more than a million ATMs worldwide. We don’t charge ATM fees and we even reimburse other bank’s ATM fees†
    No fees, no minimum monthly balance requirements
    Your account keeps earning without costing you

  • nowwthen

    The small community bank we deal with now has 17 branch offices and they really, really have it together. Great people, competitive loan rates – today’s 30yr. mortgage rate is 3.9% – and every service you’d get at a too-big-to-fail-mart i.e. online banking and bill pay plus free checking and they’re open Saturdays. They have very few foreclosures on their books because they’ve always verified income and credit before making mortgage loans.

    Just a word of advice; stay away from the ATM machines. Walk into the grocery store across the street and pick up a 2 or 3 dollar item. When you get to the checkout line swipe your card as debit and take cash out without paying a fee.

    Whenever the unknowing lawmakers grandstand by pretending to come down hard on business you and I will pay the price. Limit one of the fees that a bank charges and it will raise fees on the others or invent new ones. No different than the taxes that they pass on to the customer or consumer.

  • nepenthean

    MidFirst Bank: Free checking, pays 2% interest, and if you meet certain criteria, they will credit your account with 125$.

  • HeartofShadows

    Haha Mike I just closed my wells Fargo account that I had of 5 years and opened with my dad.
    I send in an online request plus I called in before September but received a statement nearing the end of September and they tried to tell me I needed to withdraw the 45 cents that I had left which I knew was bull because banks love taking money. The account went into negative 7.00 but after 3 minutes I managed to get it closed. Hopefully this is the straw to set the fire as even the sellout congress and senate are enraged by this.

    • JasonD

      Always pay em a few bucks extra. Make them send you a check

    • Um hello

      Then “lose” the check and make em send you another.

  • Handog

    “The average American family is barely scraping by right now”

    And they know it. They have been raking in obscene amounts of money with their overdraft fees as it is. That includes credit unions by the way. The $5.00 a month is nothing compared to the the increase in overdraft fees that are expected. Switch to a credit union, they will screw you over less than the big banks. But you will still get screwed.

    • Um hello

      It’s called balancing your checkbook. It aint the Credit Union’s fault that you cant add and you deserve the “stupid fee” if you go negative on your account.

      • Handog

        There was once a time when the community credit union would give you a call if you were mistakenly over drawn. I was speaking of the lack of service and the steep fees. Thanks for the tip though. Tell you what, I’ll work on my math skills if you work on your grammar. Ain’t is improper grammar but don’t worry. There ain’t no stupid fee.

        • Um hello

          When you have no argument, criticize grammer. I’ll use ain’t all I wants massa.

          I dunno *gasp*, how old, you are, but I’ve been in a credit union; for well over two decades and there – has always been the stupid fee. Yep, I earned it once: or twice myself.

      • Strider

        The big banks like BofA and Citi are notorious for cashing checks in descending order, from largest to smallest. They intentionally do this in order to gin up multiple overdraft fees. Millions of people have been hit with this scam.

        Credit card companies are equally (in)famous for holding mailed payments until after the due date in order to gin up late fees and punitive interest rates. Always pay those bills electronically, which as an added bonus gives the post office another thumb in the eye.

  • mark

    I do not have a debit card. I use a credit card and pay the balance off each month. American Express pays me to use their card. If a bank wants to charge me any fees I will fire them. Do not let the banks push you around. If the banks get out of control we can move to cash to purchase items when you can. In the future when the Fed ruins the dollar, we will have to trade in gold or silver for paper money will be of little value.

    • Um hello

      What credit card are you using where you arent either paying an annual fee (still paying the fees) or are getting charged interest which accrues the instant you charge something to it?

      • Benjik

        You don’t pay a dime of interest on any major credit card if you pay your entire balance each month………Um hello………

  • mondobeyondo

    Screw. The. Banks. Join. A. Credit. Union.

    • TheLastCimmerian

      Well said.

  • McKinley Morganfield

    Find a local bank or credit union that is in sound condition and do all your banking locally. I stopped doing business with the big banks about 20 years ago. Shun BOA, Chase, Welles Fargo, Citicorp, etc. When you do business with the big banks you’re a part of the problem. Be a part of the solution.

  • 007

    According to Bernanke the Dodd-Frank bill prohibits the FED from bailing out the big banks again. We will see. But it will be something to behold to watch these monsters stand on their own two feet and really earn their own money instead of stealing from us.

  • Gregabob

    I left BofA in’09 after being with them since ’88. Went with a local credit union– working great so far, even tho the CU closed a couple branches due to the downturn. All the ‘benefits’ of a TBTF, without the negatives. But the thing I’m happiest about is selling my house earlier this year and not having to pay those scum banksters at JP Morgan/Chase any more interest!

    • Strider

      Could it be that we’re related? Your story mirrors ours almost exactly! 🙂

      When we moved to Florida in 1995, we opened a checking account at Barnett Bank — the biggest in the state, but conservatively run and with a rock-solid balance sheet. Then NationsBank bought them out in ’97, followed by the BofA-NB merger a few years later. Like most folks, we stuck around thru inertia. Then BofA started charging $3/mo. for returning canceled checks, so we started looking for alternatives. As a final insult, BofA hit us with a $5 fee for transferring $1000 to our new credit union account. So much for “free” online banking. We moved the remaining funds incrementally via checks or ATM withdrawals. We love our credit union and will rejoice if/when BofA collapses.

      The Move Your Money site will help you find a good credit union or small bank in your area. Spread the word.

  • DM

    Since most of the largest banks are charging the same fees, switching banks is not a good idea for most people. A better suggestion is to contact your congresspersons about these charges. There does not seem to be any real competition among the largest banks. They tend to follow suit on prices. The real issue is that the banks are thumbing their noses at Congress which tried to limit the price gouging done to small businesses through card fees.

    The arrogance of these banks is that no one can tell them what to do and how to do it. Not Congress, not the President, not the Courts, no one. They feel they are above the law and more powerful than our government.

  • Cash

    I am surprised that the suggestion on this website is to switch from one bank to another type of bank… What happened to cash and silver?? Seems to me the best message to send to the banks is WE DONT NEED YOU. WE BAILED YOU OUT WITH TARP AND NOW YOU ARE GOING TO SCREW US AGAIN? NOT ME!!

    The sooner you kick the bank habit the better…

  • 007

    Great article Michael. Agree with you, let people vote with their dollars on this.

    I found some one who has collected an amazing amount of economic data and developments which I believe you would appreciate. A lot of these you know, a lot may be new and helpful Keep up the great work.

    • Michael


      Is that your blog? If so, I very much appreciate the work that you do as well.


  • Pat

    I heard someone demand that Goldman Sachs be put out of business. Some business associates had their account there. Mini,um balance was $20 Million. I think the public has no concept of how big these banks are.

  • jed

    Lets start boycotting the big banks now.

    I live in a smallish town now and pay for everything in cash in person. If you use a local bank where people know you and shop locally, it is easy to do.

    When you really have to shop over the internet or over the phone, use a money order from the post office. It is a way to avoid giving business to the big banks, and if we all did it, maybe it would help keep our post offices alive, or at least encourage banks to court our business. Delivery time is longer than if you used a credit card, but it is faster than if you send a personal check.

    People, stop just talking about things and take action now. Don’t wait for politicians to do it for you – move your money. Or complain to the manager in person. If every bank has 50 people a day coming in to complain in person to the manager about new fees, maybe they will take notice.

    • Strider

      You have a lot more protection with online purchases when using a credit card. Just be sure to use it wisely (pay in full each month, avoid annual fees, etc.). And to hell with the post office — the ultimate example of bureaucracy run amok. It takes true imbecility to lose billions a year with a tax-free legal monopoly!

  • Jean

    I can’t remember which bank it was (possibly Capital One or Citibank), but about 10 years ago my long term bank was sold off to them and the new bank started charging fees to STAND IN LINE at the bank to see a teller.

    Fired the bank (got a credit union)… never looked back!

    One thing I’d add though; people seem to think nothing of the outrageous increase in the costs of the phone and phone service. Back about 10 yrs ago, before I got a cell phone I had never paid over $15 for a phone … now I keep hearing about what a great “deal” someone is getting on phones that cost $200 or more. Mind you, I know they now have all these computer apps in them, but even so… the problem is no phones I’ve seen recently anywhere near reasonable.

    And that little thing about the “contract” with phone companies (especially for cell phone), who charge an outrageous amount of money if you want to stop using them? Never used to be cost nothing to stop, if you were not happy with your phone company or moved where they had no service. Back before 2000 I NEVER paid more than a total of $70 in one month (and that was only when I was yapping to my brother on the phone in England for an hour – otherwise, my average phone bill was about $40/month, I would have thought a $55/month phone bill was too much.

    Now because I live out in the sticks, the only way I can access the Internet is via dial up… and with a long commute I wanted a cell phone in case of emergencies, and my total monthly phone bill comes to about $120/month. I keep thinking I need to stop one or the other services (land line is Verizon but I only use them because they are the only ones who provide service out here… and I won’t use them for cell because they ripped me off on a contract about 10 yrs ago… when I moved to mountains of San Diego County. Before I got Verizon cell phone I check for coverage and they claimed I could get service anywhere in the county – reality, very spotty service in the town I lived in and you had to stand outside to get it. If I drove further out in the country, cell didn’t work at all. They tried charging me $200 to stop their service, but I had a written contract that said stopping service would be $60, and I refused to pay the higher bill. My point, if you can’t provide service, why should I have had to pay at all? And WHY is it nobody ever complains about the phone situation, which is much higher than any of the bank fees you guys are discussing?

    • Strider

      Steer those folks (and yourself) to Consumer Cellular. Low cost, excellent coverage, and no contracts.

  • David M

    You’d think that more customers would mean they can reduce expenses through sheer numbers. But I guess they have larger bloated bureaucracies to support.

    Smaller bank means less overhead. IMHO.

    Goodbye Wells Fargo. Oh, Go to Hell too.

    David M

  • Banks are asking us to pay for their mortgage mistakes and robosigning fraud. Why should we be surprised?

  • Nexus789

    In New Zealand they set up Kiwibank using the NZ Postal Network….lower fees, etc… a bank for the people.

  • Pat

    You are still in paper currency?

  • Lordofthecrabpeople

    “Schwab High-Yield Investor Checking” is free, yields a return every month, and reimburses all ATM fees no matter what they are. No minimums, no BS. They sent me a pile of free checks and a debit/credit card. Website interface is nice too.

  • William

    While US currency might be on the way to becoming toilet paper with ink, it is still the medium of exchange in America. USE CASH!!

  • Chris

    So glad I have PNC.

    No monthly fees, using their ATM’s is free, they reimburse me ALL non PNC atm fees at the end of every month, they surprise me with an extra $50 once a year for using direct deposit, every bell and whistle you can imagine for a free checking account. Their ATM’s cash checks and dole out in $5 incriments (love that). And every branch I stop by has fantastic customer service. I really hope they never follow in the footsteps of the To Big To Fail Clowns.

  • Breaking News

    Food for Thought- Maybe this is what the banks want for you to take your money some where else so that they won’t be obligated under FDIC to pay you if they collapse. Which is probably soon. Major banks insure your deposit up to $250,000.

    • Um hello

      So do Credit Unions

    • Strider

      All banks now have FDIC insurance to $250K, regardless of size.

  • NoLoyalty

    Here In Canada the Big Banks started this nonsense years ago, but not all, fortunatly. One bank I had been dealing with for many years, one day wanted to charge me 50 cents to do a transaction at the teller. I literally told her to F…OFF and moved my banking to another institution. Where i have been now for over 10 years, and they REWARD ME to use their card. I have received hundreds of dollars in free groceries over the years, just for using their card(NO FEES). GET AWAY from any bank that will charge you a fee. Do it today if you can.

  • A.S.

    How to fight back? Ask your employer to pay to with a physical check instead of direct deposit. Cash the check at a check cashing place that charges the least possible per check/amount and that should be less than the monthly debit fees, checking fees, overdraft fees, etc. But…you will have to live on that cash for the whole month. And obviously you will have to pay for everything in cash (but be careful, because you will be seen as a terrorist by Homeland Security, since you pay in cash).

    • Jean

      My employer requires we have direct deposit BUT I can deposit it in my credit union. Worth looking into.

      Personally, I’d worry about carrying a lot of cash around – good way to get mugged if anyone gets whiff of it. Just sayin’!

    • Blueskies

      Don’t go to a check cashing place. Bring the check to the bank that issued your paycheck. I don’t think you’re required to pay anything if you do this. Most company’s I’ve worked for coast to coast seem to use Wells Fargo.

  • knightowl77

    Ing also has no fee checking and pays pretty good on savings….They also reimburse other banks ATM fees…

    There are options out there….stay alert and don’t play the game by their rules…If your insurance company raises its rates, shop other companies for lower rates.

  • I have 20$ in a brokerage account. That’s enough to get 3 shares of BAC (BofA) but I’d rather have Euros than BAC stock. They are trading at 5.72 since I last checked. If I had a Skank of America account I’d jump ship.

    In fact I’m hosting a facebook event promoting a run on BofA

  • Paul

    There should be some competition in a free market.

    Just switch.

  • Gregory

    I’m not a member of any of these big banks. I am a member of a credit union which is in a federation of other credit unions across the country where I can deposit and take out money without it being my credit union. I don’t pay any fees for access to debit cards. Any payments for taking out money at an ATM whether its debit or credit is just the rate of that ATM personally. Everyone should get out of these big banks and move your money to partially a credit union that is local to your city and county region, put the other in any small local bank with a great researched credit rating, and putting part of your money into gold and silver.

  • George Schultz

    Use a credit union. Almost anyone can join one now. I am over 60 and I have been with mine for 33+ years. I have no fees and I earn interest on all accounts. ATM fee reinbursement and free check printing if I want checks.

  • jerry O

    This is just one more step
    down the path of destruction.

    Our economy is headed for a
    collapse unless we do something
    about it.

    All the the band aids out there
    are only prolonging the eventual

    The good news is that when this
    happens, massive wealth
    transfer will take place.

    Read what one millionaire
    has said about the collapse
    and how you can prosper
    like the ultra rich during
    this time.

    For his free video go to:

  • mondobeyondo

    Burn, baby burn! (Wall Street inferno!)
    Burn, baby burn! (Burn that mother down, y’all!)

    You see – Disco is alive and well in 2011!

    (“Burn Baby Burn”.. The Traamps.. 1977. A disco classic. It’s on YouTube if you’re curious.)

  • Dr. Chicago

    Go to the small local banks. The ones who are headquartered in your town. The banks where you can talk to people and still get loans. Make sure they are solvent, but these large banks are teetering as much as the little guys so why use them?

  • John Jackson

    Learn how to invest like the Ultra-Rich do during times of economic turmoil. Learn how now.

  • liberranter

    Remember that the big banks have the denizens of Crapitol Hill in their front pockets. As I mentioned in an earlier response to someone else, Durbin’s hot air blast on the Senate floor is just that. You can bet that this assclown gobbles up “campaign contributions” from the very bank he pretends to lash out at.

  • TheLastCimmerian

    Keep it simple. Join a credit union. It still doesnt change how money works ,but it will smash these reptillian banks if enough people pull there money out & put it into community served credit unions.

    Bottom line: Until you change money, you change nothing. Fractional reserve banking has done a fine job of destroying our beautiful planet. Until the people outlaw it, & outlaw government barrowing, we wont change a bleeping thing.

  • Here it comes

    Get ready folks. Major war in the Middle East. No this is not a dream. Get some water, food, and keep gas tanks topped off. Be ready for riots and terror cells to erupt. Get a few extra boxes of ammo too. This is it folks!

  • Here it comes

    Have some cash and barter items handy as well. You all know about this stuff.

  • Prep

    Have some small denominations of cash and barter items ready as well.


    People get ready, there’s a war a coming. Middle East is going to burn. Get some extra food, water, and keep the tank topped off. Get ready for riots and terror cells to unleash havoc. Pick up some ammo too.

  • karen

    They just keep robbing, because banks are going to crash soon and they want to reap all they can from you until that happens. And the day of rage is just an ongoing unrest like other countries are experiencing and the unrest is speading to Denver Boston and so on this is because of the world economy is collapsing. It will get very nasty soon, massive world unrest and global war is on the table. Millions of people are going to lose their life savings in just a blink of an eye.

  • Tim

    Martin Weiss has a rating service which rates banks, credit unions, health and life insurance companies, etc. You can search for a bank or credit union in your area. The service is free.

  • Rockdisjoint

    Completely deregulate the financial sector, that will make it competitive again.

    • Gay Veteran

      are you a total idiot? deregulation of the banks is why we’re in such an economic mess

      • Rockdisjoint


        Who told you that?

  • callmecordelia1

    Once upon a time, all of my accounts and loans were with small banks. A few years ago my home loan was purchased by Bank of America, and my small bank where I kept my personal and business accounts was gobbled up by JP Morgan Chase. So now the bulk of my accounts are with the “too big to fail” guys. At first, they assured us that there would be no added fees– “Oh no, never you fear, little person. Your accounts will be identical to your accounts with the previous bank.” Slowly but surely, fees have been creeping in. I guess you can call me lazy for not changing banks (Jase), but with my business accounts, there is SO MUCH I would have to change. I have credit card processing tied into it, automatic charges from vendors, etc. It would be a HUGE deal and a huge pain in the rump to change it all over. I suppose I should bite the bullet and do it one of these days, but what if I change over to another bank and it, too, gets gobbled up by the big boys? Then I would have done it all for nothing. Very frustrating.

    And don’t even get me started about the Bank of America Credit card…. Ok, I’ll tell you anyway.

    So I had this credit card that had a $20,000 limit. I had had it for probably 10 years, and it had always been 7.9% interest. I was starting a business, and the interest on this credit card was far less than the interest quoted me for a small business loan. So I used all $20,000 of it to get my business started (Not a good idea, FYI). I had never been late, never had any kind of fee, always paid a few days early, and paid at least double the minimum payment. One day, out of nowhere, they bumped up my interest to 15.9%, basically doubling the interest and my payment. I called and complained, tried to get them to lower the rate back down, but they don’t give a rat’s patooty about me. Miraculously, I ended up being able to pay it all back and told them they can take their credit card and shove it, and that I would never use it again. A few months later, I got a letter saying “We noticed you haven’t used your account in a while… Just wanted to let you know that we’ve reduced your interest rate to 7.9%.” So pretty much I get a great interest rate as long as I never use the card! Creeps. I was extremely lucky that our business did well, and we also got a small inheritance that we weren’t expecting, so I was able to get out of it. But many, many people are not so lucky. Doubling fees and interest rates can literally crush people. They are thieves. That’s the only word that explains what they do.

    • Michael

      Great comment. It is amazing what those banks try to pull.


      • lone survivor

        Doesn’t anybody pay in cash anymore?
        Why do people go to McDonalds and buy a burger and fries and put the bill on their credit card!
        Also, if you use credit cards you are making a pattern. The feds can use your credit card bill to find out where you shop and what time , what gas stations you go to and what restaurants you eat at, so they know where to go to pick you up.
        Use cash-don’t use credit cards and the banksters will have to change their rates.

        • callmecordelia1

          That is a good idea in theory, but try starting a business using cash. Even if I had 100% of the cash I needed to start my business, there is no way I could have started it without a bank and credit card. It’s the world we live in. Whether I like it or not, there are things I have to do with credit cards or I could not run my business.

  • joe


  • Here is the video where Sen. Dick Durbin urges people to get the hell out of BofA.

    Here is a video fom back in August where Swat teams helped prevent people from taking money out of BofA.

    Bank of America took on a whole bunch of the bad mortgages from Countrywide which is a big reason for their bad balance sheets. I believe the elite chose to sacrifice BofA just like they did Lehman.



    Free guide shows how to prepare for economic collapse.

  • KB

    We belong to a credit union…no fees, only have to keep $25.00 in the savings account, free checking, four free ATM withdrawals off-site per month, and unlimited ATM withdrawals at their on-site ATM machine. It’s a no-brainer.

    • Benjik

      Here too, not to mention the Credit Union is owned by YOU, the customer/member.

  • Joeseph

    DEBT = SLAVERY Teach your children this.

  • Switch to a local CREDIT UNION !!!

    Targeting the Real Enemy: Occupy the Fed

  • Ha. It’s a beautiful theory to just say no to the “too big to fail” greed monsters like Wells Fargo, but just *try* to switch over to a credit union or smaller bank – the first thing they do is run your credit and if you have even one ding, you won’t be approved. One would think these smaller banks/credit unions would be bending over backwards to get new customers, but they are doing no such thing. They want to cherry pick customers and big banks just want to ************** customers any way they can.

    • Blueskies

      I guess it just depends on the credit union. I just signed up at a 5 star-rated credit union and they only required me to be a resident of my state. The minimum balance required is $5.00. Maybe you should keep shopping around.

  • Woof Woof

    US rating agencies are a joke in themselves. I give the rating agencies like Moodys and S&P a failing grade of F. People and companies should avoid and ignore their ratings and stop doing business with them altogether…just another irrelevant business sucking money out of American people’s hard earned money.

  • Bank at a CREDIT UNION!

    Can you name ONE other candidate with a track record comparable to Ron Paul’s, on BEHALF OF THE AMERICAN PEOPLE? (JFK doesn’t count – that was 1963 – and, the same people who killed him off, are running things now!)

    Just ONE?

    Didn’t think so.

    Ron Paul Leads Hearing On First Ever Audit Of Fed

    Ron Paul 2012. End the so-called ‘Fed’. End the endless wars. Bring the troops home & defend American borders. Restore America NOW…

  • Lucky Chucky

    We left BOA because of the $750. min. balance. We went to TD bank w/$100 min. balance and we love it.
    More locations, better hours, even Sunday.
    BOA is going to fold. Get out now.

  • Shamaka

    You guys are lucky! We’ve had bank fees in Australia for ages. We have fees (typically $50-$75pa) for a Visa card, fees to use an ATM ($2 per transaction) if it’s not your banks ATM and if you make more than about 30 transactions per month you get slugged extra -even at your own bank ATM. Then there are cheque fees and savings account fees! Yes, If you have money in an savings account (ie no cheques) it will cost you about $10-$20 per month! Of course, if you are not rich, you only get a tiny amount of interest… Most of the credit cards charge like wounded bulls on interest – even now at 15-22%.
    Hardly anyone here uses cheques. But if we use credit cards, you are charged a surcharge -about 2-3% to use them by the retail outlet. (ie If I buy a $200 item, I have to pay $4 to $6 extra if I use a credit card over cash). If I want to book a flight online, I have no choice but to pay the surcharge. I am told (I don’t have a debit card) that you pay the same fees for debit cards as well as the surcharge.

    If you have an online account and need to call to fix some problem, that can’t be solved online, expected to be charged for that too!

    Apparently the banks here make more profit from fees than any other item. (eg home loans, etc) Ah, the joys of corporatisation – the bully boys of capitalism.

  • JD

    Five bucks is the new dollar, Twenty is the new five, fifty is the new twenty and so on and so on. Whats five bucks? I personally havent used a bank in about 4 years. I cash my checks at stores, and whats the use in saving your money in a bank? You earn no interest, and even if you have good credit the bank wont lend you money without collateral. So what good are they for except throwing taxpayer money at when they fail? They are useless. Im saving my fiat bucks in an old shoebox. Hey did you guys hear about the shooter in Cupertino, CA? Another example of society coming apart at the seams. Oh and Steve Jobs died. No Iphone 5 for sure.

  • Toomanyfakeconservatives

    Greendot prepaid debit cards rock, $5 monthly fee, free cash advances at the grocery store…

  • Morpheus

    The walls will continue to close in us. Knee jerk reaction to all our problems won’t do much while we continue get crushed by the banks, big business and wall street. Protesting out of frustration is not enough. Protesting is not a plan or a new direction, And neither is switching banks. We have to get serious and much smarter.

    Wake up America. It’s time…

    Read “Common Sense 3.1” at ( )

    “Spread the News”

  • Just sign up with Christian Community Credit Union, based in California. They even give you a $50 bonus for opening an account and a portion of all credit and debit transactions goes to doing the Lord’s work: feeding the poor and taking care of the sick.

    Never sell your humanity by banking with the
    TBTF banks. They are just soulless corporations
    who are Satan’s tools to destroy us.

  • Blueskies

    I decided to sign up with a credit union last week because of my sister’s recent experiences with Bank of America. B of A had to reissue debit cards because of insider data breaches back in Oct. 2010. My sister received an apologetic letter and a new debit card. She’s been a victim of identity theft two more times since then. B of A issued her new debit cards each time but also mailed 8 additional cards to thieves. The thieves used her phone security code to make the requests and move money from her savings to her checking, then went on shopping sprees in South Africa and California. This really isn’t a bank, it’s the Protection Racket of America.

  • Herb

    I haven’t had a bank account in years and I don’t plan on ever having one again.



  • Sean

    This article is extremely contradictory; on the one hand it points to all the bank give-a-ways several years ago and how great the service was back then. But I spent 15 years in banking between 1969 and 1984 and the service was not that great, nor were the conveniences that we take for granted now even in existence. No on-line banking, no debit cards, etc.

    I am not defending the banks because they are generally a bunch of whores chasing the next easy dollar. Not to mention the huge bailouts that fueled the huge bonuses that many received as a result.

    That they have elected to raise fees is understandable. But what the article fails to mention is that “bank in the good old days” there were no restrictions on most fees and there were thousands of banks all competing for your business. Also, most would substitue fees for compensating balances. That does not appear to be the case.

    I have been for some time using strictly cash and there are a few benefits. One, and the best one, is they cannot tract your purchases. Plus there are no fees associated with cash transactions. The downside is having to go to the bank to replenish your cash.

  • mondobeyondo

    B of A = Bunch of A$$holes.

  • When I was eight, I got my first bank account. 1968. It was a combined savings/checking where all my money was kept in my savings, earning 8% interest, until I wrote a check. The funds were then instantly transfered, to cover the check. NO FEE. NO MINIMUM BALANCE.

    This was typical, and the banks were doing just fine. Every penny above this, the bank has been stealing from you; nickling and diming us to death for the last 40 years. And they are running out of ways to “grow” (steal from you)

    The place where I grew up is now considered a banking community. It has reems of suburbs full of $300,000-$500,000 homes. McMansions. You paid for them as your interest dwindled and fees shot up.

    They have outlived their usefulness. It’s their time to die, and a new form of financial services to grow out of their ashes.

  • HIOB

    I have just received such a letter by Citybank. Stating to either hold $6,000 per month in the checking account or be subject to $15 per month in checking account fees. For nothing!

    Guess what. I will close my account with them. 🙂

    Cheers guys

  • Abby

    In 1983, I opened my first account at my local bank and remember having a fee to do so. Free checking was unheard of. I had to pay .25 cents per check I wrote. If using a debit card, it would cost a buck each time I used it. I was a check writer for a long time. I had a fee to keep my account open on a MONTHLY basis- $11.00 for my IRA, $5 for my checking and the savings account was free. My car loan was 12% & that was a deal. Oh- and it was only 3 years- not 5.
    So what does this mean? It means we are in a sorry state- because the early 80’s we were in a deep recession. Only when the economy started getting better, did fees start to disappear. Don’t be surprised when interest rates go up either. It’s coming…up to 32% on those credit cards. Get out of debt. Don’t buy anything you don’t need. Look at the restaurant bill in terms of loaves of bread. Start using a calculator at the grocery store. Make the kids ride the bus to save gasoline. We are not in the same world anymore. It’s going to get worse and then worse then that.
    Make it right with your family, because that’s all we are going to have that’s worth something for about 20 years. Love, respect and extending some grace. We’re doomed, but we don’t have to act that way.

  • Mike

    The only reason why these banks are putting charges on the checking and debt accounts is because the Federal Government is forcing them too. In the Dodd Frank bill it put regulations on the banks which forced them to pay more of their profits to complying with the regulations, so for the bank to stay in business and make a profit, they have to add these fees.

    Blame the government not the banks.

    • peter

      ********* the goverment and *************** the banks!!!

  • “The way to understand all of this is to realize that it’s part of a broader syndrome,
    in which wealthy Americans who benefit hugely from a system rigged in their favor
    react with hysteria to anyone who points out just how rigged the system is.”

    Panic of the Plutocrats

    Organizer Labels Own Poll Irrelevant After Ron Paul Wins
    (Results only count if establishment Republican is victorious)

    by Paul Joseph Watson

  • CatNap

    We dumped BofA and their credit cards. Our local hometown bank is just wonderful. The people know us by name…go figure!

    They have a website to access our account balance, and send out paper statements without charge. (Our balance is never anywhere near $6,000!) They approved us for a credit card and we are able to make payments by just visiting our branch or through the mail.

    Please give your local bank a try. Often they are people who are your neighbors and they really do care.

    (No…I don’t work for a bank! But I used to. BofA. I know how they treat people…on all levels!)

  • Matt 278

    My wife and I closed all of our Bank Of America accounts today. I am a veteran so I signed up for USAA free checking (reimbursed ATM fees). We can’t make it to Wall St. for the corporate protest but we did our part today. Just wish I could get my mortgage away from Wells Fargo.

  • paul

    Banks are just doing what any predatory animal will naturally do:

    Eat whatever they kill and don’t leave any money on the table.

  • Nick

    See what government price controls get you? It’s ugly but banks have to turn a profit as well. Since Senator “D-bag” Durbin introduced price controls, banks had to resort to worse methods to recoup funds. Instead of making money from business insurance funds that generally cover debit fees, banks had to resort to customers instead.

    This isn’t greed, it’s stupidity. Tinker with the markets and risk being slapped by the invisible hand, as the law of unintended consequences is generally vicious in its application.

    If you want to create a shortage in ANYTHING, institute price controls. If only we could institute them for ambulance-chasing lawyers and public unions.

  • chiller

    For years we’ve been told to never touch our retirement savings. That was before we found out that crooked Wall Street banksters were using our 401k as their own personal pocketbook. Cutoff the supply of money they use against us each and every day…OURS! 2012 will be a very trying year for us all and we can all use a little extra cash. Just for 2012, go on line to your retirement provider and set your retirement contribution to 0%. You can change it anytime and it only takes a few minutes and key strokes. This will give you the extra money you’ll need next year AND you’ll be doing the country a favor by fighting back NOW!

Finca Bayano

Panama Relocation Tours



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