Why do you use banks?

I've read all over the net where people are urging others to withdraw from banks and move to credit unions.
I've also read people all over the net attempting to prove that credit unions are just another segway to a new banking scheme.
So my question is, why use banks at all?

Last month I opened a 3rd bank acct, and after much thought, I closed all of my accts. I don't use credit cards because that's just the worst thing to get into in my opinion. And now I don't use banks at all. My bills are paid using money gram money orders which cost $0.60.

I don't pay over draft fees when I withdraw from my safe hidden at home. I don't pay monthly service fees, nor does anybody have direct access to how much money I have at any given time. Cash works just fine for me. I don't shop online. If I did, I'd use a prepaid debit card.

I'm asking this question as I prepare for sunday Oct 2nd which is when the general assembly for Occupy Atlanta takes place. We believe and understand that banks play a key role in this oppressive system, so why use them at all? Yes withdraw your money, but why not keep your money out of any virtual system??

Look forward to hearing from people.
peace

Why?

So I can rake in the big bucks earning .000000000000000001% interest of course.

I have no choice, since the company I work for will not print checks. Everything is through some bank, somewhere.

But otherwise, my husband prefers banking online, and pays most of his bills that way.

reply to post by thisguyrighthere


You're absolutely damn right. I gotta right JP Morgan an apology letter!!

reply to post by CynicalDrivel


understood, so why not withdraw the money down to the banks minimum balance? Keep at least the MAJORITY of your money out of the system.

I use Banks via a Credit Union. I also use Credit Cards exclusively. I have a budget, I stick to it and pay my credit cards off every month in full. I have never incurred any fees at my bank or via my credit card.

My Credit score is around 800 and I do earn money via credit card benefits, cash back, etc in addition to interest from my bank accounts.

Been doing this for most of my life and I really don't understand the big issue with it.

Of course, if all your money is in a safe at home you have to worry about natural disaster, fire, or theft and there is nothing to cover you if the money is indeed taken. Plus no interest is earned and the inconvenience of access also is a negative for me.

Money is needed in order to support the power structure of the Elite. It helps spread corruption, seeded deep within humans waiting to bloom. The end of the currency systems will never come to fruitation and it is futile and foolish notions that it could which I consider dangerous. Learn to accept certain realities that money is a form of energy exchange, hence the term 'currency', that powers the human race and sustains its growth. Corruption is a very powerful tool and very effective when applied in ever increasing small doses.

reply to post by DJM8507


so you support interest when it's in your favor? because as i understand it, the moment you're late on a payment to a bank or creditor, they're gonna charge you interest. will you support in then?

obviously i planned and got a safe that was fire proof and such, not to mention the hidden part. i doubt a thief is that good.

interest is usury, plain and simple. you love it now, but if you were the one paying it, i doubt you'd love it so much.

you make a small percentage in interest compared to what they could make off of you.

you get a couple dollars and feel like you're a part of something?

I don't use banks or credit unions any longer. I am totally cash and precious metals based.

reply to post by StarfireZeta


learn to accept it???

ok.. we're on 2 different wave lengths fam..

reply to post by DarthMuerte


and has your life become harder as a result?

The system is set up so that banks are well apart of it. Wages are paid into bank accounts, if you need a loan or want a mortage, you have to have a good credit history. Payment for services usually require one to have a bank account that the money can be debited for.
I believe the overall aim is have a cashless society, give it 30 years.

reply to post by SearchLightsInc


i pay for everything with money orders or cash.

lights: cash
cell phones: cash
water: money order
car note: money order

things have been quite simple..

reply to post by My.mind.is.mine

I dont know how it is there, but here there require you to have a bank account if you want to get a job.
Most people here use debit instead of credit cards which means you can only use the money you already own.

People using credit cards for everything seems to be something that mainly happens in USA...

Also it would be expensive like hell to pay bills using cash, as there is huge fees on such manual transactions here now. I bet in a few decades cash will be completely outlawed, which is something they are already talking about here in Norway.

reply to post by juleol


how unfortunate that is... requiring you to be a part of the system..

Originally posted by My.mind.is.mine
reply to post by juleol

 

how unfortunate that is... requiring you to be a part of the system..

What i get for living in a socialist state.. There is a reason why a Swedish minister called it the "last soviet state".

Edit:
Things like carbon taxes, environmental taxes on cars and so on is something that has been implemented here ages ago against our will.
If you want to see what you have to look forward to then read up on taxes and fees in Norway. I cant even afford owning a car or even getting a drivers license thanks to this country.

Originally posted by My.mind.is.mine
reply to post by DarthMuerte

 

and has your life become harder as a result?

Actually no. The only aggravation is paying for gas. Paying at the pump was much less hassle. Aside from that, cash works fine for me.

reply to post by My.mind.is.mine


I have a bank account for my company to deposit my pay.
I take it out and bring the cash home.
I don't write cheques,have a debit card or a credit card.
I pay cash for everything....screw banks.

I also refuse to drive and give oil companies my money.

reply to post by DarthMuerte


yeaaa it does suck to walk all the way inside but oh well! lol

reply to post by DrumsRfun


i'd like to live in a city where not driving is possible...
that's awesome