American's from all over the country are moving their money in droves to protest Wall Street's reckless handling of our economy by taking extraordinary risk, at the expense of our economy as a whole. Take a look below of real individuals taking action into their own hands and moving their money, and feel free to share a story of your own!
Below Kim Dildine describes his problems with JP Morgan Chase:
Stephanie also chose to break up with her bank after skyrocketing interest rates and lack of appreciation:
“It may sound corny but I felt empowered by this simple action. I like knowing that my small effort is part of a bigger one connecting ordinary people into a collective expression of disdain for the financial fiasco that continues to reshape our world.”
“I think the banks are evil incarnate, and I avoid corporations at all costs, so I found this bank that helps you locate smaller, community banks that help your neighborhood, not suck the money out of it (and you). It sounds silly, but I even feel like the bank tellers have my back”
“Moved my money last week to a local credit union… BoA has been charging me fees on my “free” accounts for the past year… no fees on my free credit union account at OnPoint ”
“For my part, I’m in the process of moving my banking business from Wells Fargo, one of the “Big Four” banks (and one that, if it were forced to recognize the true market value of all the mortgage paper it’s presently carrying on–and off–its balance sheet, would likely be bankrupt today), to FirstBank, a longtime, stable Colorado banking institution (headquartered in Lakewood, in the west Denver metro area). With my money deposited there, I know that it will be used to benefit Coloradans, not fat-a**ed chair-warming Wall Street banksters coming back from their six-martini lunches to think up new ways to fleece the American public and “justify” their multi-million dollar bonuses (paid for with taxpayer money).”
“…I did it! I feel good about taking control of my own small influence over the banking industry. Washington won’t effectively regulate Wall Street (in spite of reforms that the current administration is now, finally, trying to legislate). So it’s up to people to individually exercise their authority. I enjoyed driving immediately afterward to my credit union, making my deposit to cover the rent check, and doing it without even having to fill out a form. They’re beginning to recognize me. Not many longhaired men visit their credit union, I’m guessing.”
“Today I experienced one of the tangible benefits of having moved my 86 year-old Mom’s money. While making arrangements to move her to assisted living, we decided to move Mom’s cash from Chase to the Meijers Credit Union. Mom worked for Meijers for years and we thought we’d get better service there. Two months later we’ve absolutely validated the decision.
[...]Yesterday, I heard via my step-sister that they had gone shopping and the store’s system wouldn’t accept her PIN. I’m assuming the CU changed the PIN and probably notified her but that she had forgotten the new number. So, I went online looking for a way to reset the PIN but (no surprise) they don’t let you do it online. I thought it was unlikely they’d respond, but I sent them a quick email explaining the problem.
Unbelievably, I got an email response this morning offering to reset the PIN and asking for the number. I responded immediately and, within ten minutes got a response saying that it was done!! Now, THAT is customer service!…”