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Originally posted by bastet11
I got so tired of BOA stacking my debit transactions (in order from biggest to smallest amount, no matter if the transaction was done the same day or days back...) I remember watching them put 5 different transactions (all under $10 each) in pending for an entire week. The lower my account balance, the longer the transactions would pend. It soon became apparent that should I overdraw just a little bit, it would have meant 5 times $35 in fees.
Time after time.
I never allowed them to take a dime in fees from me, but I got so sick of having to monitor every little thing they did. Once, they charged me some mysterious $25 fee which overdrafted me twice. They claimed I had signed up for some credit-monitoring crapola, which was, of course, false. I had to fight to get them to refund the amount, plus the $70 in overdraft fees. Disgusting.
Since I don't own thousands of dollars, I ended up closing my account and going bank-free altogether. Best monetary move I made.
Originally posted by jtma508
I'm not going to advocate a bank run. I think that may be illegal and it is most certainly a violation of ATS T&C. However, in the spirit of advocating vitally needed change, I would like to suggest --- yet again --- that people move their banking out of the mega-banks and into smaller community banks and credit unions. Yes, I know there is a hassel involved but if we truly are supposed to be the activists and not members of the Sheeple is that really too much to ask?
So, this is our time. Bite the bullet for the cause. It doesn't matter how much or little you have. Waves of account closings DO get noticed. There isn't much we 'little people' can do to hurt the mega banks but this is something we CAN do and with large enough numbers will have an impact. Screw the big bailout hogs. Move to a community bank. Do it now!
Originally posted by jtma508
reply to post by TurkeyTots
Nope. A bank run is spreading rumors that a specific bank (or the entire banking system) is insolvent and advocating that people take their money out. What I --- and many far more august people --- are advocating is to 'vote with your feet'. Take your banking to community-based banks and credit unions.
The banking system today is alot like Detroit was in their hay-day. Their attitude was that they didn't have to do anything to change. They could cheapen their product, rasie their prices and we had no alternative to doing business with them. Well Detroit learned. Too late for most of them, sadly enough. And it's time for the mega-banks to learn, too. Let them know that they will not be bailed-out EVER again, that we will not allow them to keep sticking it to us, that we will no longer let them hide behind their benefactors in Washington. Like Detroit, the jig is up.
Take your banking elsewhere. Communit-based banks invest in the local community. They did not take bailouts and they have excellent customer service. Nothing wrong with that. This isn't 'politician speak'. It's plain-language. But if you'd rather keep lining the pockets of people who keep bending you over that's your perogative. Caveat emptor, as they say.