i lived for more than 2 years without a bank account, sometimes i regret ever getting one again.

SCNDLS said:

morningsong said:

Credit Union my self. No fees IF you use credit union ATMs, doesn't matter which one. I'm hoping too they don't switch up like the banks are, but seeing how things are with more and more companies charging for services that use to be free, I wouldn't doubt it.

I have a credit union acct I don't even use because they don't have any branches near me. Whereas, Chase is right next door. But I'mastart transferring funds to the CU if they pull this bullshit.

I have Suntrust and a CU acct and SunTrust is starting with this bullshit too, as well as doing away with free checking accounts. So needless to say, while I'm on vacation next week, I'll be doing some transferring to my CU and closing out my SunTrust acct.

[Edited 10/1/11 5:37am]

So we bailed their asses out once and now we are being forced to do it all over again...

SCNDLS said:

morningsong said:

Credit Union my self. No fees IF you use credit union ATMs, doesn't matter which one. I'm hoping too they don't switch up like the banks are, but seeing how things are with more and more companies charging for services that use to be free, I wouldn't doubt it.

I have a credit union acct I don't even use because they don't have any branches near me. Whereas, Chase is right next door. But I'mastart transferring funds to the CU if they pull this bullshit.

Credit Union here too!!

Most of the credit unions, The ones I have dealt with in Missouri and Nebraska, are all linked together now.. I could transfer money, deposit or withdraw from my Missouri account even though I live in Nebraska... maybe your's are linked and you could go there, if that one closer to you...

Shared Branching, thats what its called, I couldnt remember!

What is a Shared Branching?
Credit Unions have pooled resources together to form a unique and cost-effective alternative to owning and operating individual credit union branches. This is known as a Shared Service Center.

Members of participating credit unions can access their accounts at any of the CU Service Centers. A CU Service Center is a credit union that opens its doors and allows other credit union members to use their facility providing many of the services you use at your credit union.

Services include:

• Make deposits (refer to your own credit union's funds availability policy)
• Withdraw funds
• Transfer funds between accounts
• Balance inquiries
• Process loan payments
• Official checks, money orders and traveler's checks (these services are not available at all participating shared branching locations and fees may apply)

You must go to your credit union to:

• Become a member
• Add new services/accounts
• Order checks
• Negotiate third party checks
• Make changes to your account (including name or address)

You must have your credit union name, account number, and a valid photo ID, as listed below, when conducting business at a CU Service Center. You will also be asked for the last 4 digits of your social security number for verification purposes.

Approved Photo ID include:

• Driver's License
• Military Identification
• Alien Registration Card
• State Identification Card
• Passport

THIEVES!!! ALL OF 'EM!!! I hate the bastids!! I don't like carrying cash because it can be dangerous, especially if you carry large sums. A debit card is very convenient and handy, but like someone else mentioned, it's a great "big brother" tactic. I also like not having to go to the bank for every little transaction. I hated those days back in the day when you got paid, had to make a mad dash on your lunch hour to get to the bank to stand in line with 1000 other mofoes with the same intention. And lawdacmercyk, don't let it be the first of the month! You'd have erry baby's mama and some more crowding the lines.

^^^^ There you are!! Hey, I was wondering if you changed your org. handle... its been too long.

I hope you are well, you were missed chica!

and yeah... Bank of AMerica are rip off artists... mutha's tried to scam my momma on her mortage.

We fixed it... they have shady practices. Its like its an epidemic now to go against the consumer and drain all their funds with crazy fees and mis manage payments made.

I so prefer credit unions now.

paintedlady said:

^^^^ There you are!! Hey, I was wondering if you changed your org. handle... its been too long.

I hope you are well, you were missed chica!

and yeah... Bank of AMerica are rip off artists... mutha's tried to scam my momma on her mortage.

We fixed it... they have shady practices. Its like its an epidemic now to go against the consumer and drain all their funds with crazy fees and mis manage payments made.

I so prefer credit unions now.

Yep

SHOCKADELICA1 said:

That's fucked up.

Guess I'll close my Chase account and go back to strickly CASH!!

Fuck a debit card.

How you gon get gas?

People need to start leaving these greedy companies in mass. Let them do businees outside the U.S if they want but they should get no U.S dollars. And don't leave all of them just the greedy.

Citi announces new fees on checking accounts

The fees keep coming. Citi is the latest big bank to slap customers with a round of fee hikes. This time, on its checking accounts.

Starting in December, customers who hold its mid-level Citibank Account will be charged $20 a month if they fail to maintain a minimum balance of $15,000 in their combined accounts. Previously, account holders had to carry a minimum balance of $6,000.

At the same time, customers who have the bank's EZ Checking account will start being charged $15 a month if they don't carry a minimum balance of $6,000. Citi (C) says it is phasing out the EZ Checking package, which currently carries no monthly fee, and is instead offering customers either the Citibank Account or its Basic Banking account, which also carries a fee.

Last month, Citi said it is hiking the fee on its Basic Banking account from $8 to $10. Customers will be able to avoid paying the $10 fee by either maintaining a minimum balance of $1,500 or by making one direct deposit and one automatic online payment through their checking account each month, said Citi.

Currently, account holders must make five online transactions per month in order to avoid paying the fee and there is no minimum balance requirement.

Citi's fee hikes come just days after Bank of America announced it would charge a $5 fee for debit card purchases. Wells Fargo, JPMorgan Chase, Sun Trust and Regions Financial have all also rolled out similar fees in select markets in recent weeks.

9 most annoying bank fees

"The regulatory environment has changed a great deal -- particularly with the Durbin Amendment -- and we're seeing the results of that now," said Claes Bell, banking reporter with Bankrate.com. Going forward, "we're going to see more large national banks announce fees."

With the new regulation that caps how much revenue banks can get from the swipe fees they collect from merchants, banks must look for other ways to cover that lost income, explained Nessa Feddis, vice president and senior counsel of the American Bankers Association.

"We don't expect to pay nothing to ride the train, it's the same thing with a checking account," she said.

Citibank said it chose not to charge a debit card fee because its customers did not want it. "There's a reason why we structured it this way," said Catherine Pulley, spokeswoman for Citi. There are also no hidden fees, Pulley added, and customers will benefit from free online bill pay and free access to non-Citi ATM machines.

Bank accounts: Get a fair... shakedown

While the majority of checking accounts were free last year, less than half now come without a price tag, according to a recent study from bank-comparison site Bankrate, which looked at 243 interest and 238 non-interest accounts.

Like Citi's new offerings, 92% of checking accounts have fee waivers, meaning that if you can meet certain financially requirements, most checking accounts are -- or could become -- free.

SoLiDiFy said:

People need to start leaving these greedy companies in mass. Let them do businees outside the U.S if they want but they should get no U.S dollars. And don't leave all of them just the greedy.

That's the thing. WHen stuff like this happens, people complain but they don't take action. I'm with Chase and I heard that they're going to start charging too. I'm about to move over to Charles Schwab or a credit union.

Well, this should go over well

Now, this is a good plan!

Bank Transfer Day: A Protest With Your Money

Occupy Wall Street has dominated headlines for the past few weeks, with advocates and critics jaw-boning over whether it was government or Wall Street that fueled the financial crisis (here's a vote for both).

But even critics can't argue about the growth prospects of the "occupations" taking place in urban centers across the U.S. Now comes an offshoot of Occupy Wall Street that takes aim at banks where it hurts them most — in their vaults.

The social uprising — called "Bank Transfer Day" — encourages bank customers to take their cash out of big banks and put it in smaller banks and credit unions instead. The movement is ostensibly in response to aggressive fees institutions are rolling out to recover profits lost from new financial regulations, notably Bank of America's (BAC - News) decision to stick debit card users with a $5 monthly fee and Wells Fargo's (WFC - News) $3 test of the same.

On the movement's Facebook page, protest organizers say that, even with new government regulations in place to keep banks in check, they're still making out like bandits. For example:

• With the Durbin Amendment in effect, banks will still make 19 cents profit per processed transaction.

• The average consumer uses his or her debit card 24 times per month.

• Without the additional fee, Bank of America stands to turn a $3.3 billion annual profit from its 59 million customers' debit card transactions.

Here's an explanation from the organizers of Bank Transfer Day, straight from the group's Facebook page:

"Together we can ensure that these banking institutions will always remember the 5th of November!! If the 99% removes our funds from the major banking institutions on or by this date, we will send a clear message and give the 1% a taste of the fear that we experience every day when we aren't able to pay for our rent, food, medication, utilities, student loans, etc."

As of Oct. 10, the group's organizers say 6,500 Americans have already signed up in support of the event. How many of those consumers will actually yank their deposits from big banks is an open-ended question that won't be answered until Nov. 5, if at all.

But the protest won't be going away. Consumers who want to join in only have to take three simple steps, organizers say:

• Open an account with a credit union.

• Transfer your funds to the account (online or in person) by Nov. 5.

• Follow your bank's procedures to close your account.

Bank Transfer Day organizers are not only hoping to piggyback the media interest on Occupy Wall Street. There's a deeper well of consumer dissatisfaction that the group wants to tap into — that "I'm mad as Hell, and I'm not going to take it anymore" frustration, immortalized in the 1976 film Network.

Six thousand, five hundred bank transfers won't cut it, even though the movement still seems to be growing. In the way they treat customers, big banks could keep those numbers where they, shrink them — or cause them to grow into something truly significant.

Graycap23 said:

What is wrong with using cash? I don't get it.

This is Jackson. Motherfuckers will kill you over 50 cents these days. Plus, if somebody robs me, I want them to get exactly what they deserve, which is nothing.

SCNDLS said:

Graycap23 said:

Really? I've used cash all of my adult life and I've never seen it that way at all.

I don't want to go to the bank and make a withdrawal everytime I need to buy or pay for something. And travelling with large sums of cash is dangerous. Plus I can track my spending with a card easily. But if it works for you.

Exactly. Plus if I have cash in my pocket, I tend to spend more because I may buy a little bullshit trinket here and a little bullshit trinket there and when I run into something that I really want, I don't have enough money for it because I've spent my money on little shit all over town that I normally wouldn't buy if I had to stop, write it down, and subtract it each time.

And one of the best advantages of never having cash on you, and I almost NEVER have any on me, is when some motherfucker stops you outside a store with some bullshit lie and sob story about being broke down and needing money to get back home to whatever little small town they say there are from, you're not lying when you say that you never have cash on you and can keep on walking without receiving any further questions. It's also great when friends, well make that "acquaintances" know that you never have any money on you because they will never ask to "borrow" any. I hate a begging ass motherfucker.

.

.

.

[Edited 10/13/11 7:02am]

This whole thread is what OWS is all about. Don't be complacent and get fucked with no vaseline.

This is private taxation, which the right fully supports. You see this all through the system, fees, loss of workers rights, pay loss, which is a tax. Those backdoor taxes hit workers worse,.

Not all banks are evil; not all credit unions are blameless. It would seem that the better path to take would be to remove money from the large, culpable institutions. Occupy Wall Street introd...ansfer Day. Even if specific action on Nov 5th is symbolically important, one should still have have a plan well in advance. It is often a good idea to overlap the old and new accounts for a few days, to allow everything to clear out of the old while you begin using the new. This is especially true if there are automatic things which post to the old account — many of those may not hit on exactly the same, predictable calendar day each month, plus the initiator may need some time to set up for the new account.

Last week Bank of America declared that it will be charging customers for utilizing their debit cards. Other financial institutions are thinking about comparable moves to be able to counter brand new federal laws that limit the fees banks may charge retailers for debit card transactions. In a recent AP-GFK poll, 66 percent of Americans interviewed said they would consider changing financial institutions in the light of such a shift. But switching banks comes with its own problems.

So... does anyone still bank with BofA???

also... their stock is hovering in the mid-6's any holders out there?

RenHoek said:

So... does anyone still bank with BofA???

also... their stock is hovering in the mid-6's any holders out there?

http://www.addictinginfo....ruz-video/

Bank Of America Refuses To Allow Customers To Close Their Accounts At ‘Occupy Santa Cruz’ (VIDEO)

Two protesters involved with Occupy Santa Cruz in California walked into Bank of America earlier this week to close their own accounts as part of the national protest against the greed and irresponsibility of Wall Street, which has only seen it’s profits soar since it nearly collapsed the economy back in 2008.

So Bank of America naturally closed the accounts, right? Not even close. Rather than allow their customers to close their accounts, they told them that “you can not be a protester and a customer at the same time.” The bank manager threatened to lock the doors and call the police to have their own customers arrested for the simple act of requesting the closure of their own accounts. The two women left the bank and called the police. The officer went into the bank and after talking to the manager, relayed a message to them. According to the bank manager, “If they came in with the signs and they were part of the protest earlier, then they are protesters and cannot be customers at the same time.

Apparently, it is now a crime to close your bank account if it’s located at one of the big banks that nearly crashed the American economy. Just today, Citibank lock... accounts. Just another reason why you should close your account if it’s in any big bank that hurt the economy and put your money in a small bank or a credit union. Banks are just looking for ANY excuse to keep the money they have in their banks. It shouldn’t matter if these folks are protesters or not.

If you walk into a bank and request that your account be closed, the bank should give you your money and close the account. These banks are illegally holding the money these customers deposited, and they are willing to have their own customers arrested rather than give up money they want to gamble with. The police are arresting the wrong people.

Like one commenter stated...I bet if someone went into BOA with a sign and a check for deposit for $10,000...they'd be helped very quickly!!

RenHoek said:

So... does anyone still bank with BofA???

also... their stock is hovering in the mid-6's any holders out there?

I've got accounts with six different banks, not one of them is Bank of America. I absolutely refuse to pay any kind of fees, never have and never will.

The main reason why I have an account with TD Bank and use their card for ATM and debit transactions is because of my trips to Canada, which is often. Credit cards and other banks screw Americans big time when they make purchases/ATM withdrawals in Canada, but TD doesn't charge a fee for either. And I love their extended hours, that's the second most important factor when deciding if I will do business with a bank. Gone are the days when I had to waste my lunch breaks running to the bank, or interrupt my Saturday mornings to get to the bank during that tiny 9AM-Noon window.

SCNDLS said:

SHOCKADELICA1 said:

That's fucked up.

Guess I'll close my Chase account and go back to strickly CASH!!

Fuck a debit card.

How you gon get gas?

paintedlady said:

^^^^ There you are!! Hey, I was wondering if you changed your org. handle... its been too long.

I hope you are well, you were missed chica!

and yeah... Bank of AMerica are rip off artists... mutha's tried to scam my momma on her mortage.

We fixed it... they have shady practices. Its like its an epidemic now to go against the consumer and drain all their funds with crazy fees and mis manage payments made.

I so prefer credit unions now.

Oh, bless your heart! Thanks for thinking of me! Yes, I'm much better now.

dupe

[Edited 10/21/11 8:00am]

noimageatall said:

RenHoek said:

So... does anyone still bank with BofA???

also... their stock is hovering in the mid-6's any holders out there?

http://www.addictinginfo....ruz-video/

Bank Of America Refuses To Allow Customers To Close Their Accounts At ‘Occupy Santa Cruz’ (VIDEO)

October 15, 2011

By Stephen D. Foster Jr.

Two protesters involved with Occupy Santa Cruz in California walked into Bank of America earlier this week to close their own accounts as part of the national protest against the greed and irresponsibility of Wall Street, which has only seen it’s profits soar since it nearly collapsed the economy back in 2008.

So Bank of America naturally closed the accounts, right? Not even close. Rather than allow their customers to close their accounts, they told them that “you can not be a protester and a customer at the same time.” The bank manager threatened to lock the doors and call the police to have their own customers arrested for the simple act of requesting the closure of their own accounts. The two women left the bank and called the police. The officer went into the bank and after talking to the manager, relayed a message to them. According to the bank manager, “If they came in with the signs and they were part of the protest earlier, then they are protesters and cannot be customers at the same time.

Apparently, it is now a crime to close your bank account if it’s located at one of the big banks that nearly crashed the American economy. Just today, Citibank lock... accounts. Just another reason why you should close your account if it’s in any big bank that hurt the economy and put your money in a small bank or a credit union. Banks are just looking for ANY excuse to keep the money they have in their banks. It shouldn’t matter if these folks are protesters or not.

If you walk into a bank and request that your account be closed, the bank should give you your money and close the account. These banks are illegally holding the money these customers deposited, and they are willing to have their own customers arrested rather than give up money they want to gamble with. The police are arresting the wrong people.

Like one commenter stated...I bet if someone went into BOA with a sign and a check for deposit for $10,000...they'd be helped very quickly!!

I noticed some unlawful inprisonment going on. How are you going to hold someone against their will? Not to sound political, but is America becoming a police state?

NDRU said:

Just balance it out with a savings account.

They give returns of something like .00000000001% nowadays

lol

The trick is not to close your account with all the money in it. Transfer it and then leave a pittance in there, they will be more than happy to close the account.

It's probably already been said, if so, I'm saying it again. It's getting to the place where you'll save more putting your money in a mattress.

Another CEO "listens to his customers" . . .

http://news.yahoo.com/ban...33897.html

what. ever . . .