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Shroggie
Don't Worry...Be Happy
Member since 5/06 6261 total posts
Name:
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Bank Transfer Day - November 5 (with poll)
I'm interested to see how/if this will affect the banks.
Here's an article that explains it.
And here's the Facebook page.
Message edited 10/22/2011 11:32:58 AM.
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Posted 10/22/11 11:30 AM  |
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CathyB
Member since 5/05 19403 total posts
Name:
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Re: Bank Transfer Day - November 5 (with poll)
While I understand the frustration with the banks, this will not help the situation. If there is a run on the banks, they will have to turn to the Fed for loans to help pay out all the FDIC money, thus creating a need for more bank bailouts.
Message edited 10/22/2011 11:42:53 AM.
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| Posted 10/22/11 11:42 AM |
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Domino
Always My Miracle
Member since 9/05 9922 total posts
Name:
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Re: Bank Transfer Day - November 5 (with poll)
other...i already belong to a credit union
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| Posted 10/22/11 12:13 PM |
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Jan1975
.
Member since 8/09 3846 total posts
Name:
Sarah
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Re: Bank Transfer Day - November 5 (with poll)
Posted by CathyB
While I understand the frustration with the banks, this will not help the situation. If there is a run on the banks, they will have to turn to the Fed for loans to help pay out all the FDIC money, thus creating a need for more bank bailouts.
Exactly.
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| Posted 10/22/11 12:42 PM |
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july4mrsO
Happy boy!
Member since 5/10 2867 total posts
Name:
Jess
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Re: Bank Transfer Day - November 5 (with poll)
Posted by Domino
other...i already belong to a credit union
Ditto, I switched a few months ago and wish I had done it earlier.
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| Posted 10/22/11 1:10 PM |
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Kazuri
LIF Adolescent
Member since 8/11 703 total posts
Name:
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Re: Bank Transfer Day - November 5 (with poll)
We've been thinking about it for awhile because I can not stand our bank BUT I'm not going to do it on any specific day.
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| Posted 10/22/11 1:45 PM |
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CupcakeLady
LIF Toddler
Member since 10/10 423 total posts
Name:
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Re: Bank Transfer Day - November 5 (with poll)
I definitely don't think it will help. In fact, I think if a lot of people do pull out of banks, we'll see a lot of bank employees (mainly tellers) being laid off.
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| Posted 10/22/11 1:51 PM |
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MsMBV
:P
Member since 5/05 28602 total posts
Name:
Me
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Re: Bank Transfer Day - November 5 (with poll)
I was already closing my TD account and opening 2 accounts with BFCU, but I'm not doing it to make a statement...I had decided to do so, and it will be easy to do with my new job.
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| Posted 10/22/11 2:34 PM |
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Re: Bank Transfer Day - November 5 (with poll)
Closed my Citibank business acct this week, plan to switch to Bethpage FCU...the fees are just ridiculous for the big banks..!
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| Posted 10/22/11 2:41 PM |
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Xelindrya
Mommy's little YouTube Star!
Member since 8/05 14470 total posts
Name:
Veronica
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Re: Bank Transfer Day - November 5 (with poll)
Posted by Domino
other...i already belong to a credit union
Ditto I have an FCU & Citibank
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| Posted 10/22/11 3:45 PM |
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Re: Bank Transfer Day - November 5 (with poll)
I already have money in the city worker's CU (and IMO they are incompetent- but my dealings with them are limited) and then we use a small local bank. I have been very happy with them and like that they are part of the community.
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| Posted 10/22/11 4:12 PM |
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MrsC614
My little angel is here <3
Member since 7/09 2851 total posts
Name:
Gina
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Re: Bank Transfer Day - November 5 (with poll)
Already belong to tfcu
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| Posted 10/22/11 4:31 PM |
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MrsSteflily
I love chocolate
Member since 4/06 2047 total posts
Name:
Stef
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Re: Bank Transfer Day - November 5 (with poll)
Posted by CupcakeLady
I definitely don't think it will help. In fact, I think if a lot of people do pull out of banks, we'll see a lot of bank employees (mainly tellers) being laid off.
Exactly. Not to mention higher fees for those that are staying to compensate for the loss of customers.
I have an account at Chase and I won't be changing it. I have no problem with my accounts and I keep the minimum balances in the accounts to avoid the fees.
If it benefits me, then I would consider changing in the future. But I won't do it to make any type of statement that might hurt the rest of us in the long run.
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| Posted 10/22/11 10:46 PM |
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MichLiz213
Life is Good!
Member since 7/07 7979 total posts
Name:
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Re: Bank Transfer Day - November 5 (with poll)
I chose other. We were planning on switching to a credit union when we got the letter from Citibank. I am a per diem sub struggling to find a full-time job in ANY field, so every penny counts. We cannot afford $15 a month for our checking account, which is a shame because their customer service has been great. So we will be switching, but not on any specific day.
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| Posted 10/22/11 11:07 PM |
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Babymakin
LIF Adult
Member since 12/10 920 total posts
Name:
Sarah
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Re: Bank Transfer Day - November 5 (with poll)
IMHO this is about as stupid a thing someone could come up with as stupid gets.
For many reasons already outlined above.
(NOT saying the OP is stupid or THIS topic, just the concept)
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| Posted 10/23/11 11:33 AM |
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Shroggie
Don't Worry...Be Happy
Member since 5/06 6261 total posts
Name:
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Re: Bank Transfer Day - November 5 (with poll)
Posted by CathyB
While I understand the frustration with the banks, this will not help the situation. If there is a run on the banks, they will have to turn to the Fed for loans to help pay out all the FDIC money, thus creating a need for more bank bailouts.
See, I agree with you. Although, I do think that a credit union would be a better banking choice for many, I'm not too sure that everyone closing their bank accounts will help. I already belong to a credit union (infact I work for one) so I don't have to make that decision.
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| Posted 10/23/11 12:25 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Bank Transfer Day - November 5 (with poll)
I already belong to a credit union and would never go to a bank.
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| Posted 10/23/11 4:54 PM |
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MrsFrizzle
<3
Member since 9/09 4628 total posts
Name:
Kristin
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Re: Bank Transfer Day - November 5 (with poll)
I already belong to one.
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| Posted 10/23/11 5:29 PM |
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BlackJack96
LIF Infant
Member since 6/08 245 total posts
Name:
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Re: Bank Transfer Day - November 5 (with poll)
This is a capitalist society so vote with your $$. If you are not happy with your bank, find a new one.
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| Posted 10/23/11 11:11 PM |
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leighdvm
My golden boys!
Member since 3/06 4419 total posts
Name:
Michele
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Re: Bank Transfer Day - November 5 (with poll)
We are in the process of changing to Navy Federal Credit Union, not doing it on any particular day to make a statement. There are better benefits to the NFCU and will not be any fees like with BOA.
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| Posted 10/24/11 8:09 AM |
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LeShellem
A new beginning
Member since 2/07 3600 total posts
Name:
LeShelle
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Re: Bank Transfer Day - November 5 (with poll)
Okay, I didn't know about this, but close my account on Friday. I will be going to a credit union just to avoid the fees that were recently imposed.
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| Posted 10/24/11 8:11 AM |
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Jonsgirl04
Love my two girls! xoxo
Member since 9/08 6079 total posts
Name:
Stephanie
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Re: Bank Transfer Day - November 5 (with poll)
I chose other because I am already a member at suffolk federal credit union.
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| Posted 10/24/11 8:25 AM |
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NervousNell
Just another chapter in life..
Member since 11/09 54917 total posts
Name:
..being a mommy and being a wife!
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Re: Bank Transfer Day - November 5 (with poll)
I just can't be bothered with the hassle.
I'm fine where I am, thanks
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| Posted 10/24/11 8:52 AM |
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ali120206
2 Boys
Member since 7/06 17789 total posts
Name:
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Re: Bank Transfer Day - November 5 (with poll)
Posted by NervousNell
I just can't be bothered with the hassle.
I'm fine where I am, thanks
Me too - although we do have an account at a credit union - we're not moving our main accounts from banks.
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| Posted 10/24/11 8:55 AM |
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sleepie76
enjoying every minute
Member since 12/07 3881 total posts
Name:
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Re: Bank Transfer Day - November 5 (with poll)
imagine the wait on that day !
It already takes them a year & a day to open accounts. forget about it!
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| Posted 10/24/11 10:18 AM |
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