Page 17 of 18 FirstFirst ... 715161718 LastLast
Results 161 to 170 of 175

Thread: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

  1. #161
    pirate lover
    liblady's Avatar
    Join Date
    Aug 2009
    Location
    St Thomas, VI
    Last Seen
    03-14-16 @ 03:55 PM
    Gender
    Lean
    Progressive
    Posts
    16,165
    Blog Entries
    1

    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by washunut View Post
    OK you have the cost breakout for a customer. Let's see what the numbers are.
    in fact, i am a relationship profitability analyst for a very large bank. 1 teller transaction costs about 2 bucks. and my rates are correct, as well. banks do not make money on small accounts.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  2. #162
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by Objective-J View Post
    whats your bank?
    ING Direct, but there are others with equally good services like, Capital One Banking, Ally Bank (formerly GMAC), Fidelity Cash Management, PerkStreet, + lots more.

    Edit:
    I get interest on checking and savings no matter the balance, plus instead of an overdraft fee, you get a modest line of credit with a low percentage rate, to cover any overdrafts.

    If anyone is interested, I do referrals,
    Full disclaimer, they give bonuses to people who make referrals.
    Last edited by Harry Guerrilla; 10-13-11 at 08:16 PM.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  3. #163
    Sage
    Caine's Avatar
    Join Date
    Sep 2005
    Last Seen
    10-05-17 @ 01:21 PM
    Gender
    Lean
    Independent
    Posts
    23,336

    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Harry Guerilla works for ING Direct.
    "I condemn the ideology of White Supremacy and Nazism. They are thugs, criminals, and repugnant, and are against what I believe to be "The American Way" "
    Thus my obligatory condemnation of White supremacy will now be in every post, lest I be accused of supporting it because I didn't mention it specifically every time I post.

  4. #164
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by VanceMack View Post
    banks dont exist for your pleasure. They dont exist for my pleasure. Banks dont exist to serve. They exist to turna profit for their board and their shareholders. You arent going to change that.
    We can reduce our tax backed risk by reinstating the Glass-Steagall Act that worked in that capacity after the Great Depression until its repeal in 1999.


    The Glass Steagall Act: Where a Libertarian and a Liberal agree over dinner


    "quick refresher on the Glass-Steagall Act:

    It separates commercial banks from investment banks, isolating the risk inherent in investment banks from the deposits of everyday consumers. ‘It was enacted as an emergency response during the Great Depression and made permanent in 1945. The Glass-Steagall Act was eviscerated in 1999 under criticisms that the boundaries it drew were outdated, and the change repealed the restrictions on bank and securities firm affiliations."

    It also happens to be at the top of the list of demands on the Protester's proposed list here:

    "CONGRESS PASS HR 1489 REINSTATING GLASS-STEAGALL ACT. Glass --- Wiki entry summary: The repeal of provisions of the Glass–Steagall Act of 1933 by the Gramm–Leach–Bliley Act in 1999 effectively removed the separation that previously existed between investment banking which issued securities and commercial banks which accepted deposits. The deregulation also removed conflict of interest prohibitions between investment bankers serving as officers of commercial banks. Most economists believe this repeal directly contributed to the severity of the Financial crisis of 2007–2011 by allowing Wall Street investment banking firms to gamble with their depositors' money that was held in commercial banks owned or created by the investment firms. Here's detail on repeal in 1999 and how it happened: Glass . If we wanted to have a BIG IMPACT and we were able to have only one slogan that we could paint on signs and chant during marches within earshot of press, it would be "PASS HR 1489. REINSTATE GLASS-STEAGALL" or "RE-IN-STATE the ACT GLASS-STEAGALL. IT MAKES THE WALL STREET GAMES ILLEGAL"
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  5. #165
    Banned
    Join Date
    Apr 2011
    Last Seen
    02-23-12 @ 04:16 AM
    Lean
    Undisclosed
    Posts
    791

    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Who uses big financial banks? Their fees are exorbitant and excessive. I have always used small banks with free checking, free atm withdrawals, no maintenance fees, no limitation on transactions, no penalties for not keeping a certain amount in your accounts, etc.

    I was going to sign up for a BoA account when I was a student, but was appalled at all the fees. I had to have $5,000 in my account at all times or I was going to get penalized. I could only use my card 6 times a month for credit transaction and then I was going to get charged, there was a charged everytime I used my card as a debit card, and there was a $10 a month maintenance fee, and I had to pay for my first checks.

    I am really surprised that these banks stay in business, never mind rake in billions for profit.

  6. #166
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 11:12 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,358

    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by liblady View Post
    in fact, i am a relationship profitability analyst for a very large bank. 1 teller transaction costs about 2 bucks. and my rates are correct, as well. banks do not make money on small accounts.
    how wacky are you! I said that banks do not make money on small accounts you argue that they do, then you say above that they make no money on small accounts.

    Let's make this easier, cut out the middle man and just debate yourself!

  7. #167
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 11:12 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,358

    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by Antiderivative View Post
    Who uses big financial banks? Their fees are exorbitant and excessive. I have always used small banks with free checking, free atm withdrawals, no maintenance fees, no limitation on transactions, no penalties for not keeping a certain amount in your accounts, etc.

    I was going to sign up for a BoA account when I was a student, but was appalled at all the fees. I had to have $5,000 in my account at all times or I was going to get penalized. I could only use my card 6 times a month for credit transaction and then I was going to get charged, there was a charged everytime I used my card as a debit card, and there was a $10 a month maintenance fee, and I had to pay for my first checks.

    I am really surprised that these banks stay in business, never mind rake in billions for profit.
    I use big banks and pay zero fees.

  8. #168
    200M yrs of experience
    Frolicking Dinosaurs's Avatar
    Join Date
    Aug 2008
    Location
    Southeastern USA
    Last Seen
    05-07-12 @ 12:19 AM
    Gender
    Lean
    Other
    Posts
    2,166

    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    I'm sure accusations of lying will follow, but my dear old Dad got his bank statement yesterday and there was a $5 fee for his debit card. He had my brother take him to the bank this morning ask if this was some sort of error. Teller told him it wasn't - that everyone with a debit card was being charged regardless of the amount in their checking account. My brother tells me Dad just calmly ask him if he had time to run him over to the credit union. The bank had to issue him a cashiers check because they did not have the funds on hand to give him as he closed his checking, savings and trust accounts. He also stopped the auto-renew on his CDs.

    The bank president called him when they got home from the credit union. BP was very concerned that sizable chunk of change walked away from his bank and more would be following as the CDs mature.

    The banks believe they are too big to fail, but if they don't get their act together that is exactly what will happen - and no one is willing to bail them out again.

  9. #169
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 11:12 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,358

    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by Frolicking Dinosaurs View Post
    I'm sure accusations of lying will follow, but my dear old Dad got his bank statement yesterday and there was a $5 fee for his debit card. He had my brother take him to the bank this morning ask if this was some sort of error. Teller told him it wasn't - that everyone with a debit card was being charged regardless of the amount in their checking account. My brother tells me Dad just calmly ask him if he had time to run him over to the credit union. The bank had to issue him a cashiers check because they did not have the funds on hand to give him as he closed his checking, savings and trust accounts. He also stopped the auto-renew on his CDs.

    The bank president called him when they got home from the credit union. BP was very concerned that sizable chunk of change walked away from his bank and more would be following as the CDs mature.

    The banks believe they are too big to fail, but if they don't get their act together that is exactly what will happen - and no one is willing to bail them out again.
    If your dear old dad had his account at BoA then I would say the above post is incorrect. Not sure what you know or don't know so can't call you a liar.

    The BoA charges are not going to be imposed on larger accounts, and I am pretty sure they start in January.

  10. #170
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by Caine View Post
    Harry Guerilla works for ING Direct.
    No, but I am endeared to them and they give me $10, if I make a referral to someone who opens an account.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

Page 17 of 18 FirstFirst ... 715161718 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •