National "Dump Your Bank" Day

Mrd00d · 11-04-2011, 02:02 PM

I dumped my bank in '08. They still claim I owe them 800 dollars in overdraft fees. I honestly don't. Bank of America can eat my poop. That place is money hungry. They try to take advantage of everyone. They're not a people's bank, that's for sure. I'm glad I stopped banking. I don't even miss having one. Nothing changed, I just have all my cash in hand.

hip hop bunny hop · 11-04-2011, 02:20 PM

^^^ erm, instead of just saying, "no I don't", you should get that resolved. Aside from that being a tremendous black cloud over your credit score, it could (well, likely will) prevent you from opening an account with any other bank/credit union. I don't know the specifics of how this would affect your ability to get loans.... but I can't imagine it would help at all.

Anyways, I don't see why this needs to be politically motivated. It's just good financial sense to work with a Credit Union.

Mrd00d · 11-04-2011, 03:29 PM

Quote:

Originally Posted by hip hop bunny hop

^^^ erm, instead of just saying, "no I don't", you should get that resolved. Aside from that being a tremendous black cloud over your credit score, it could (well, likely will) prevent you from opening an account with any other bank/credit union. I don't know the specifics of how this would affect your ability to get loans.... but I can't imagine it would help at all.

Anyways, I don't see why this needs to be politically motivated. It's just good financial sense to work with a Credit Union.

I wanted to start with the second half here. I don't mind the black cloud. I'm assuming I have 0 credit and working under that. I've never thought about taking out a loan and I probably won't. I'm 24. It's not even on my radar. What is that, for buying a house, or a car, or starting a business? I don't see that happening. I've worked 7 years as a cashier at minimum wage, I'm used to having nothing and wanting nothing and doing nothing. I have no plans on opening up at a credit union, though I admit you're right that they're better than major banks. I do respect youropinion and acknowledge I might be acting rash but I assure you it made sense for me.

Engine · 11-04-2011, 04:33 PM

I've always had access to a credit union so I don't use any banks. If I did I would dump them.

tommycas · 11-26-2011, 05:01 PM

Quote:

Originally Posted by Mrd00d

I dumped my bank in '08. They still claim I owe them 800 dollars in overdraft fees. I honestly don't. Bank of America can eat my poop. That place is money hungry. They try to take advantage of everyone. They're not a people's bank, that's for sure. I'm glad I stopped banking. I don't even miss having one. Nothing changed, I just have all my cash in hand.

Good move, did the same recently. Why leave hard earned bucks in the bank to earn a 1.10% rate (and thats being fair here) while they charge 23.99% rate. It kind of cancels out what ever you earned because you pay it back, not just to the bank, but to all the hidden fees and surcharges from all the corporations and conglomerates (Con Ed, CableVision, Sprint, etc.)

11-04-2011, 02:02 PM	#1 (permalink)
Mrd00d Stoned and Jammin' Out Join Date: Dec 2010 Location: Northern California; Eugene, OR; mobile Posts: 1,602	I dumped my bank in '08. They still claim I owe them 800 dollars in overdraft fees. I honestly don't. Bank of America can eat my poop. That place is money hungry. They try to take advantage of everyone. They're not a people's bank, that's for sure. I'm glad I stopped banking. I don't even miss having one. Nothing changed, I just have all my cash in hand. __________________ Mrd00d's Last.fm

11-04-2011, 02:20 PM	#2 (permalink)
hip hop bunny hop Music Addict Join Date: Oct 2009 Posts: 1,381	^^^ erm, instead of just saying, "no I don't", you should get that resolved. Aside from that being a tremendous black cloud over your credit score, it could (well, likely will) prevent you from opening an account with any other bank/credit union. I don't know the specifics of how this would affect your ability to get loans.... but I can't imagine it would help at all. Anyways, I don't see why this needs to be politically motivated. It's just good financial sense to work with a Credit Union. __________________ Have mercy on the poor.

11-04-2011, 04:33 PM	#4 (permalink)
Engine air quote Join Date: Jun 2009 Location: pollen & mold Posts: 3,108	I've always had access to a credit union so I don't use any banks. If I did I would dump them. __________________ Like an arrow, I was only passing through.