Ever since we encouraged people to start breaking up with their mega-banks on Valentine’s Day 2009, we’ve heard from hundreds of people nationwide who shared their break up stories.
Following are just a few of the many we’ve received.
I feel awesome! I feel empowered. I feel like I am helping and being a part of my community. I am telling everyone I know to make the change and providing Green America’s materials as a resource. WOO-HOO!
My wife, Catherine, and I withdrew all our money and closed our Chase Bank accounts about two months ago. We are now with a local bank and doing well.
I'm moving my accounts from Bank of America to InTouch Credit Union by end of year. Credit cards will move from Citicards to Green America's OnePacificCoast offering.
I broke up with the mega-bank, BofA, by cancelling my two credit card accounts which I had had for several years. With recent banking news highlighting BofA's potential demise, I decided I didn't want to be part of that when it happens. The $5 user fee was just a cincher, but by that time I had boycotted all BofA products.
I broke up with my mega-bank two weeks ago and moved my business banking to a local credit union. It felt so good that I planning to move my other accounts very soon. I’m dumping them all and loving it!!!
We got rid of our big bank credit card a couple of years ago after they tried to raised our interest rate even though we had always paid the balance in full and on time each month. After the bailouts and the way they treated their customers, we were ready to take our business elsewhere. We even recently opted to pay off our mortgage, which was also with a mega bank, early just out of principle... we did not want any more of our money funding those kind of business practices.
Credit unions are the way to go. We have been very happy with the credit union that we joined through my husband's employer. If we did not have access to our current employee based credit union, I would opt for a local or community credit union instead.
We quit ALL of our mega bank credit cards in 2009. As soon as we realized that the banks were getting a HUGE bailout, after being part of the cause of the recession, we changed our relationship with big banks. We have credit cards with 2 local credit unions. We have had a chinking account with a credit union for over 40 years and we have been VERY happy with them.
Fed up with the banking/financial system at large, finally got smart and walked-out on my corporate institutional bank today. Goodbye, US Bank, and hello to the neighborhood credit union. The absence of random fees and the rates of return only have me wondering why I didn't do it sooner.
Just wanted to share that I closed my accounts with Bank of America yesterday. I have banked with them for over 10 years and have always had excellent service (which I told them).
They of course wanted to know why - the personal banker asked me the question and the teller who later assisted me with the cashier’s check.
I told them that the “occupy” movement has brought to our attention where the country is headed and there has to be some changes. I would like to contribute whatever I can to make those changes happen. Also I told them that I was not planning to go another bank. I will be looking into your ‘resources’ since I have not yet selected where I will be taking my money.
And thank you for the great work!