Take your money out of the Evil Empire today! Image via @SKYENICOLAS
Today is Bank Transfer Day, the day to take your money (should you still be lucky enough to have any), transfer it to a credit union, close down your accounts with the big banks and starve them of the oxygen they need to survive: YOUR HARD-EARNED MONEY.
Not everyone can be in Zuccotti Park, but YOU CAN DO THIS!
It’s Saturday. Do you honestly have something better to do than fucking over the big banks? I didn’t think so…
DailyKos blogger frustrated1 told a tale of closing his or her bank accounts, along with her sister under the title “The bank said ‘You’ll Be Back.’” I encourage any of you who are doing this today to post your own first person stories in the comments.
One thing I should probably mention is that my sister is a very successful medical doctor. She makes a ton of money. She also had a ton of money in each of these banks. She decided to close these accounts out of solidarity with OWS protesters.
At Wells Fargo, my sister walked up to the teller and politely asked to close her account. The teller said, “No problem.” She pulled up her account and saw the balance and told her that due to the amount she had to speak with the branch manager. The branch manager came out. He was probably 30 years old and was very arrogant. He asked my sister why she wanted to close her account and my sister told him she thought Wells Fargo was part of the problem with the economy. He went thru some talking points about why she shouldn’t move her money, but my sister didn’t back down. When he asked her where she was going she told him that she would be banking at the North Carolina State Employees Credit Union. She isn’t a state employee, but anyone can join if you are related to a state employee. It turns out her husband is. Anyway, the bankster told her “You’ll be back. Credit unions can’t provide the services you need.” We’ll see about that. She withdrew over $200k from Wells Fargo.
Next we went to Bank of America. I closed my last account with hardly any questions asked. Of course, I had taken most of my money out so there wasn’t much left to take. My sister on the other hand had a large balance in multiple accounts. They actually refused to cut her a check for the full amounts. They only gave her 1/3 of her money and told her she’d have to come back to withdraw the rest. They claimed they were only allowed to make checks for a certain amount, and that they had no authority to cut additional checks on the same day. Stupid BofA. She had her check in hand and politely told off the branch manager when he told her she had to come back another day or two to withdraw the rest.
At BofA, we weren’t the only ones closing accounts. There was a line of people. Most had small accounts because they weren’t even being challenged, but she actually had to wait in line to speak with a branch manager.
At SunTrust, the branch manager went off his rocker. He just kept asking her “is there anything I can do or anything I can say to change your mind?” He asked probably twenty times. He even offered to have the market executive meet with her and hear out her concerns. She told him she wasn’t interested. He really looked nervous about it.
We then took the deposits we had to NCSECU. The people there were busy. There were 5 people in front of us in the line to open an account. When my sister got to the front she learned that the credit union actually has a trust company and wealth management services. Neither of us knew that. She is now considering moving her Merrill Lynch (owned by BofA) accounts to the credit union as well. She’s been with her financial advisor for 15 years, so that’s the biggest reason she hesitates.
Here’s a link to some helpful Bank Transfer Day resources at AlterNet and Move Your Money
How do I move my money out of a big bank? (Mother Jones)
Posted by Richard Metzger |